{"id":61283,"date":"2022-01-04T07:15:26","date_gmt":"2022-01-04T12:15:26","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61283"},"modified":"2022-01-04T07:15:26","modified_gmt":"2022-01-04T12:15:26","slug":"deja-vu-texas-natgas-output-plunges-amid-cold-snap","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61283","title":{"rendered":"Deja Vu? Texas NatGas Output Plunges Amid Cold Snap"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/commodities\/cold-snap-triggers-plunge-texas-natgas-output\">Deja Vu? Texas NatGas Output Plunges Amid Cold Snap<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>U.S. natural gas futures rose late in the session on new data that showed a plunge in pipeline gas flows in Texas, which indicates the state&#8217;s power grid could be susceptible to failures amid a cold snap.<\/p>\n<p>Front-month gas futures are up more than 3% to $3.84\u00a0around 1445\u00a0ET as commodity traders assess the situation in Texas.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-01-03_14-55-21.png?itok=SQ5cO1CQ\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-01-03_14-55-21.png?itok=SQ5cO1CQ\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-01-03_14-55-21.png?itok=SQ5cO1CQ\" alt=\"\" width=\"500\" height=\"313\" data-entity-type=\"file\" data-entity-uuid=\"f9453f90-572e-4570-aec3-1be688416c99\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\" data-google-query-id=\"CJ301JKFmPUCFQ5p6Qodh0MCUg\">\n<div class=\"ac-widget-placeholder ac-reset\" data-loaded-pid=\"zerohedgecom\" data-loaded-wid=\"0011r00002RYAhn_1419\">\n<div id=\"ac-lre-player-ph-ext-NAvFQhBKqM2fRwJemsrjLM46SW0AdZq3\" class=\"ac-lre-player-ph-ext ac-lre-ph-playlist-hide-scroll-bar ac-lre-carousel-horizontal ac-lre-carousel-legacy\">\n<div id=\"ac-lre-player-ph-NAvFQhBKqM2fRwJemsrjLM46SW0AdZq3\" class=\"ac-lre-player-ph ac-lre-desktop\">\n<div class=\"ac-lre-wrapper luminous-theme is-floated-outer-title\">\n<div class=\"ac-player-ph\">\n<div class=\"ac-player-wrapper ac-floated-player\">\n<div class=\"ac-lre-player\">\n<div id=\"ac-lre-vjs-NAvFQhBKqM2fRwJemsrjLM46SW0AdZq3\" class=\"video-js vjs-default-skin ac-lre-vjs-NAvFQhBKqM2fRwJemsrjLM46SW0AdZq3-dimensions vjs-fluid vjs-controls-enabled vjs-workinghover vjs-v7 vjs-has-started cc-hidden vjs-user-inactive vjs-layout-x-small ac-lre-small-player lx-size-0 vjs-playing\" lang=\"en-us\" tabindex=\"-1\" role=\"region\" aria-label=\"Video Player\">\n<div class=\"trending-articles-container\">\n<div class=\"nav-item-hit-area\" data-index=\"3\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ac-lre-playlist-horizontal\">\n<div id=\"ac-lre-ph-playlist-horizontal\" class=\"ac-lre-playlist-text\">\n<div class=\"ac-lre-playlist-rail\">\n<div class=\"ac-lre-playlist-slide\" data-index=\"2\" data-mediaid=\"ifmekskonvxwcnchivbwyrztgi2vkudy\" data-is-click=\"true\" data-title=\"U.S.-Saudi Oil Alliance Under Consideration, Brouillette Says\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p><em>&#8220;Production of the heating and power generation fuel in Texas fell on Sunday to the lowest since February&#8217;s freeze &#8212; when millions were sent into the dark for days &#8212; after temperatures plunged,&#8221;\u00a0<a href=\"https:\/\/www.bnnbloomberg.ca\/plunging-natural-gas-supply-shows-texas-still-not-ready-for-cold-1.1702584\">BloombergNEF<\/a>\u00a0pipeline data showed. Flows are expected to rebound when temperatures rebound.\u00a0<\/em><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-01-03_14-11-28.png?itok=fzCaP5ha\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-01-03_14-11-28.png?itok=fzCaP5ha\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-01-03_14-11-28.png?itok=fzCaP5ha\" alt=\"\" width=\"500\" height=\"223\" data-entity-type=\"file\" data-entity-uuid=\"e73f21f6-dbb5-4080-8cb0-845f2161cf40\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Temperatures in The Lone Star State are expected to rebound in the coming days.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-01-03_14-43-08.png?itok=cF6YeNt3\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-01-03_14-43-08.png?itok=cF6YeNt3\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-01-03_14-43-08.png?itok=cF6YeNt3\" alt=\"\" width=\"500\" height=\"274\" data-entity-type=\"file\" data-entity-uuid=\"ebba08c6-426f-4ad8-807b-678ab428c879\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>However, warmer weather might not return to much of the U.S. until next Tuesday. Mean temperatures will oscillate around a 30-year average for the next eight days, occasionally dipping to below-average levels. The coldest point is between Jan. 8-11.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-01-03_14-07-08.png?itok=Jp2gnLd9\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-01-03_14-07-08.png?itok=Jp2gnLd9\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-01-03_14-07-08.png?itok=Jp2gnLd9\" alt=\"\" width=\"500\" height=\"319\" data-entity-type=\"file\" data-entity-uuid=\"48c776fb-7782-4b03-a94d-b67d7082b4f0\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Heating degree days for the U.S. show cold weather will increase the demand for energy to heat building structures.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-01-03_14-09-58.png?itok=Y-se_Cvg\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-01-03_14-09-58.png?itok=Y-se_Cvg\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2022-01-03_14-09-58.png?itok=Y-se_Cvg\" alt=\"\" width=\"500\" height=\"318\" data-entity-type=\"file\" data-entity-uuid=\"3991eb80-ffc5-47d0-84f7-286a43be0ccd\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>A plunge in gas supplies comes right after\u00a0the Electric Reliability Council (ERCOT) of Texas said the power grid is &#8220;<a href=\"https:\/\/www.zerohedge.com\/weather\/texas-inspects-power-plants-ahead-cold-snap\">winterized and ready to provide power<\/a>.&#8221;<\/p>\n<p>Last February, a cold snap froze\u00a0<a href=\"https:\/\/www.zerohedge.com\/commodities\/supply-frozen-polar-vortex-sends-great-plains-natgas-prices-record-highs\">wellhead<\/a>\u00a0across the state that parazyled\u00a0gas flows. Power plants couldn&#8217;t get enough fuel to spin turbines, and combine that with extraordinarily high power demand from customers to stay warm, the grid was\u00a0<a href=\"https:\/\/www.zerohedge.com\/energy\/texas-was-seconds-and-minutes-complete-disaster\">minutes from collapse<\/a>\u00a0&#8212; forcing ERCOT, the grid operator &#8212; to implement rolling blackouts.<\/p>\n<p>Despite ERCOT&#8217;s confidence that grid stability can be achieved this winter, keep an eye on Texas and pray for warmer weather; if not, another energy crisis could be nearing.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deja Vu? Texas NatGas Output Plunges Amid Cold Snap U.S. natural gas futures rose late in the session on new data that showed a plunge in pipeline gas flows in Texas, which indicates the state&#8217;s power grid could be susceptible to failures amid a cold snap. Front-month gas futures are up more than 3% to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[26552,1916,3526,554,17653,1574,2063,4318],"class_list":["post-61283","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-ercot","tag-grid-collapse","tag-heating","tag-natural-gas","tag-natural-gas-price","tag-power-grid","tag-texas","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61283"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61283\/revisions"}],"predecessor-version":[{"id":61284,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61283\/revisions\/61284"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}