Posted on 01/26/2022 10:48:53 AM PST by blam
U.S. natural gas futures jumped as much as 6% to $4.298/MMBtu Tuesday morning as traders are concerned about the possibility of a major winter snowstorm on Friday evening into Saturday for the Mid-Atlantic and Northeast regions.
We first alerted readers on Monday about the prospects of “a possible nor’easter impacting the Mid-Atlantic and Northeast from Friday Night to Saturday.”
Within 72 hours of the storm (today), meteorologists can start discussing potential impacts. Around 48 hours (Thursday), more accurate snowfall total estimates will be circulated on social media and mainstream media outlets. On Friday, meteorologists can pinpoint town-by-town potential impacts.
So far, what National Weather Service (NWS) meteorologists are saying is the storm is in the Pacific Northwest on Wednesday and will traverse the U.S. and Canada. It will then develop into a nor’easter Friday afternoon off the East Coast and could rapidly intensify into a so-called “bombogenesis.”
“It is definitely a concern for us,” Alyson Hoegg, a senior meteorologist with AccuWeather Inc. in State College, Pennsylvania, told Bloomberg. “When it forms off the southeast coast, it is going to rapidly strengthen.”
In the coming days, readers will hear several “B” words, including bombogenesis, bomb cyclone, and blizzard.
To familiarize everyone with bombogenesis, it’s when the storm’s central pressure plunges by 24 millibars in 24 hours (thus causing it to intensify rapidly).
Rich Bann, a forecaster with NWS in College Park, Maryland, said computer models pointed to heavy snow across New England. He said there’s a chance for accumulating snow from the Baltimore–Washington metropolitan area to New York to Boston along the Interstate 95 corridor.
Meteorologists have said the amount of snow the Mid-Atlantic and Northeast receive comes down to the storm’s track if the storm hugs the coast, which means more snow inland. It would be quite the opposite if the storm went out to sea.
Forecasts are not locked in and will most likely change in the days ahead. Still, energy traders are bidding up natgas as they speculate there will be heightened demand as the storm rolls on in by the weekend.
We are counting our lucky stars that we have still had to pay only $1 a therm this year for our natural gas. My guess is that next year it will be a different story.
Why use natural gas...with the winds blowing the windmills should be putting out enough energy. Oh, I forgot, they have to disable them when winds get too high. Anyway, Cuomo said they need no gas pipeline expansions in NYC so I guess just like we say, elections have consequences.
Darn, I’m going to miss all the fun. We’re in the 3-5 zone, meaning Naught to 1. I’ll be in the Midwest for the weekend.
Why does snow affect natural gas supplies? It’s just snow. Now cold weather....that’s a different story.
Greed. Pure and simple
Yay, nat gas prices up again.
Let’s go, Gasbag Brandon!
I have members of my extended family living near Wareham, MA, north end of Buzzards Bay. NOAA forecast for their AO isn’t anything like this. In fact NOAA says only 70% chance of any snow at all.
But that works only if you do solar like a libertarian and realize that one way the gubment types control us is through energy access and costs. Basically, my solar system paid with my money installed onto my house and custom for my power consumption habits is waaaayyyy more efficient than when the Democrats force it onto people at the utility level.
You don't have to believe in climate apocalypse and such to do solar. I don't believe that nonsense. I just believe that the less I depend on government and their cronies, including state government, the better off my family is.
More like BRANDONOGENESIS!
Maybe a couple million pinwheels instead?
Because of the anti-pipeline fools, it has to be moved by truck now.
Tanker trucks don't do well in snow.
Well stated.
Oh my...snow? In Massachusetts?
Snow makes a better headline. The gas sellers don’t write the headlines, that’s media BS work.
Hmm...
I got jury duty Monday...
That lessens the odds, but-
on the other hand its going to cost me more...
That increases the odds.
So, go with whatever the weatherman says.
More climate fear porn
Or too cold, or too hot, or too something to shut them down.
“NatGas Futures Erupt On ‘Bombogenesis’ (Storm) Threat For Northeast”
that and the sword-rattling by the Covid Joe Gang and warhawks regarding a supposed invasion of Ukraine by the Russians ... when all else fails, start a war, or at least act like you’re starting a war ... what ya wanna bet that the sword-rattlers in Congress and the Covid Joe cabal went long on the oils a few days ago ....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.