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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Record Heat Wave = Increased Nat Gas Consumption
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Post by geezer21 on May 20, 2022 9:32pm

Record Heat Wave = Increased Nat Gas Consumption

https://www.zerohedge.com/weather/quick-shot-heat-roast-100-million-people-northeast
 

Quick Shot Of Heat To Roast 100 Million People In Northeast

by Tyler Durden
Friday, May 20, 2022 - 08:40 PM

About 100 million people in the Northeast will be blasted with a quick shot of heat and humidity this Saturday and Sunday. High temperatures are expected to range between the upper 80s and mid-90s from Ohio to Washington, D.C. to Baltimore to Philipehia to New York City. 

AccuWeather meteorologists say some cities in the Mid-Atlantic and Northeast could see the hottest conditions since last August. In some metro areas, record highs for this time of year that have stood the test of time could be broken. 

Daily record highs that have stood since the World War II and Great Depression eras will be challenged at a number of locations. At Philadelphia, temperatures could approach the record of 95 set in 1934 on Saturday. In both Raleigh, North Carolina, and Albany, New York, the daily records for Saturday, May 21, were set in 1941. The record in Raleigh is 96, while the record in New York's state capital is 91. -AccuWeather

"Early season heat with likely record high temperatures will spread from the South into the Ohio Valley, Mid-Atlantic, and Northeast on Friday, Saturday, and perhaps Sunday," the National Weather Service said. The agency has issued a Heat Advisory along the I-95 corridor in the Northeast. 

It's the first time since 2006 that a Heat Advisory for New York City has been issued for this time of year. Tomorrow, high temps in Central Park could reach 93 degrees, tying a record for the date. The quick blast of heat comes as temperatures in the urban park between the Upper West and Upper East Sides of Manhattan haven't even breached 80 degrees yet this year. 

"The brunt of it should just be a one-day thing ... at the minimum, we will be close to all the records in NYC," Matt Wunsch, a weather service meteorologist on Long Island, told Bloomberg.

Wunsch said it's difficult for temperatures in the Northeast to get so hot this time of year because the Atlantic Ocean water temperatures are still very cool. However, the heat is coming from Great Plains, where a megadrought continues to ravage the area.
Comment by pacer001 on May 21, 2022 12:31am
One can not make broad assumptions about nat gas based upon one certain geographical area. Not all areas of the country use natural gas equally. The New England area for example surprisingly does not use much natural gas. Also the heat you refer to is mainly in the Northeast. I live in the Deep South and it has been relatively heat subdued here. My air bill is about 40 % less than normal for ...more  
Comment by pacer001 on May 21, 2022 12:38am
Ps The latest nat gas inventory build figures are a staggering 32 billion feet for the South and even a 22 billion feet for the East - and accelerating. Somehow this myth has gained currency that as much nat gas is used in the summer for air and power generation as it is in the winter - not at present, not so. The bulk of nat gas usage is still for heating in the winter at this time.
Comment by geezer21 on May 21, 2022 8:58pm
"In deed the latest forecasts and nat gas price trends are downwards. See below story," you said. The story does not say that.  The story does not say there is a downward trend. The article only says there was a one day drop in futures and it says the dip it expected to be short lived. As to long term trends, the article says gas is expected to remain tight for the rest of the ...more  
Comment by pacer001 on May 21, 2022 9:36pm
Yes geezer you are right but so am I. In the article it clearly states that "although U.S. production is more than it was this time last year. " Con sumption is increasing but so is production. Nat gas dropped because the inventory build percentage is increasing at a brisk clip of 5% per reporting week - even though consumption in the East is up as are LNG exports. But it is only a ...more  
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