GREY:WFREF - Post by User
Post by
JohnJBondon Dec 02, 2014 2:37pm
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Post# 23186863
Cold winter - great for N.Gas
Cold winter - great for N.GasHere is a Nov 29 2014 weather forecast which suggests colder than average temeperatures for the NE US (the key area for N.Gas consumption).
Oil is lower in price than last year - there will be less shale drilling in the US - this means less associated gas production.
Reduced production, and high consumption, is very bullish for N.Gas over the winter period.
https://boston.cbslocal.com/2014/11/29/eye-on-weather-2015-winter-forecast/