Winter prediction
Natural Gas Outlook 2015: Winter is Coming
By Keith Kohl | Tuesday, August 26th, 2014
Someone recently reminded me that winter is coming... and it isn't the person you think.
For over two centuries, people have turned to The Old Farmer's Almanac for their weather forecast. This year, the almanac gave us an ominous warning, calling for a super-cold winter in the eastern United States.
Considering how long this publication has been around, its track record is quite impressive — the predictions hit the nail on the head nearly 80% of the time.
But I know what you're thinking about its 2015 forecast — not again?
Not only was last year bitterly cold, but it also seems everyone suddenly had to learn what a polar vortex was. Meteorologists were ecstatic.
This time around, temperatures are expected to be much colder than normal, with above-average snowfall hammering the Atlantic Corridor.
Aside from necessitating stocking up on shovels and salt, this frigid portent also signals another —morerewarding — opportunity.
This chart from last year's last colder-than-expected winter might ring a few bells:
Within a span of just four months, natural gas prices surged more than 80%!
Winter may be coming, but will we be ready?