NOAA: Winter 2020 U.S. Outlook

With a La Nina climate pattern expected to linger through this upcoming winter, NOAA anticipates a typical cooler/wetter North and a warmer/drier South. Most below-normal temperatures are favored in the Pacific Northwest into the Northern Plains. Michigan has an equal chance of below, near, or above-average temperatures. The Midwest, particularly the Great Lakes into the…

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NOAA: Three-Month Outlook (May-June-July 2020) Updated 4/16

NOAA’s three-month temperature outlook (May, June, July 2020) points to a high probability of above-average temperatures for the majority of the contiguous United States with near-normal temperatures expected in only parts of the Midwest. The East, South, and West coasts all have the highest probability of seeing these above-average temperatures. No part of the country…

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EIA: Natural Gas Prices Fall To Lowest Level Since 2016 And The Lowest January Price In 20 Years

On January 24th the prompt (Feb20) NYMEX natural gas futures contract settled at $1.893/MMBtu which was the lowest January closing price for the near-month contract since January 1999 and also the lowest near-month settle since March 2016. After the second warmest January since 2000, working gas in underground storage surged to a 199 Bcf surplus…

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The Weather Company: Where’s Winter?

According to data from the Midwestern Regional Climate Center, most regions east of the Rockies have seen above-average temperatures so far this winter. A ridge of high pressure has dominated weather patterns since early December bringing with it all these unseasonably “warm” temperatures. For the Midwest, they state that Cleveland, Ohio has experienced their second-warmest…

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EIA: Top Natural Gas Stories In 2019: Record Levels Of Exports, Production, And Electric Power Consumption

Natural gas production climbed to a new all-time high in 2019 driven by growth in the Permian, Appalachian, and Haynesville shale basins. New takeaway capacity in each of these regions also allowed more molecules to get to market quicker which helped offset the growth in exports and electric power consumption. The low cost of natural…

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U.S. Energy Information Administration Expects Less Electricity To Come From Coal This Summer As Natural Gas, Renewables Rise

In their most recent Short Term Energy Outlook (May ’19), the EIA projects US power plants to generate 1.168 million megawatts of electricity during the summer months this year (June – August). Natural gas will be the primary fuel source with EIA estimating a 40% market share, up from the 39% share last summer. The…

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