OMG it's going to snow! That never happens in the Northeast!!!
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Exactly the point. Just another case of speculators running amok and screwing the economy. Why is this news any more? I guess we will learn when another depression hits.
> Just another case of speculators running amok and screwing the economy.
It's also the chicken little style of reporting. I was quoted $2.29/gallon this morning in suburban Boston for no. 2 heating oil. That's not great by any means, but at least it's down from $2.44 a month ago.
It's an interesting fact that when it snow it's normally warmer than when it's sunny in the dead of winter. Snow is 32 degrees, and the cloud layer tends to act as an insulator. When it's clear, radiational cooling can produce temperatures in the negatives numbers. Temperatures rarely get that cold when it's cloudy.
Someone should tell them that in NE winters it's usually relatively warm when it's snowing and relatively cold when it's not.