{"id":64438,"date":"2022-12-12T07:24:18","date_gmt":"2022-12-12T12:24:18","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64438"},"modified":"2022-12-12T07:24:18","modified_gmt":"2022-12-12T12:24:18","slug":"coast-to-coast-winter-storm-sends-us-natgas-surging","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64438","title":{"rendered":"Coast-To-Coast Winter Storm Sends US NatGas Surging"},"content":{"rendered":"<header class=\"ArticleFull_header__Eyn7V\">\n<h3 class=\"ArticleFull_title__MEgbb\"><a href=\"https:\/\/www.zerohedge.com\/commodities\/coast-coast-winter-storm-sends-us-natgas-surging\">Coast-To-Coast Winter Storm Sends US NatGas Surging<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__t4rGu\">\n<div class=\"NodeContent_body__6iJOI NodeBody_container__hI8PI\">\n<p>In what&#8217;s forecasted to be the first\u00a0<a href=\"https:\/\/www.zerohedge.com\/weather\/cross-country-winter-storm-could-pummel-california-northern-plains-and-possibly-northeast\">coast-to-coast major winter storm<\/a>\u00a0of the season across the Lower 48, traders have furiously panic bid US natural gas futures due to the prospects of increased heating demand.<\/p>\n<p>On Sunday, wintery precipitation, powerful winds, and heavy rains battered Intermountain West as a powerful storm was set to traverse the rest of the country in the new week. The next stop for the storm is the Plains, South, and Northeast, according to\u00a0<a href=\"https:\/\/weather.com\/storms\/winter\/news\/2022-12-09-winter-storm-west-northern-plains-blizzard-northeast\">The Weather Channel<\/a>.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-12-12_06-06-14.png?itok=DbZMs1Cd\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-12-12_06-06-14.png?itok=DbZMs1Cd\" 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\/2022-12-12_06-06-14.png?itok=DbZMs1Cd\" alt=\"\" width=\"500\" height=\"275\" data-entity-type=\"file\" data-entity-uuid=\"78c09877-b596-4262-acf9-8bbba877f2d6\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Heavy mountain snow has already blanketed parts of California&#8217;s Sierra. Snow will spread across the high country of Colorado and northern New Mexico today. Then this evening, the system moves into the Northern Plains. By night into Tuesday, heavy snow and strong winds could spark blizzard conditions across eastern Montana, eastern Wyoming, western Nebraska, the Dakotas, and Minnesota.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-12-12_06-14-38.png?itok=wpVx42uc\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-12-12_06-14-38.png?itok=wpVx42uc\" 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\/2022-12-12_06-14-38.png?itok=wpVx42uc\" alt=\"\" width=\"500\" height=\"277\" data-entity-type=\"file\" data-entity-uuid=\"ec7d3aca-e683-4241-b0a3-59a815612bba\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Later in the week, moisture from the storm and cold air will be in place in the East. However, it&#8217;s still early to forecast where snow will fall in the Northeast.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2022-12-12_06-37-00.png?itok=L_si4BA0\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2022-12-12_06-37-00.png?itok=L_si4BA0\" 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\/2022-12-12_06-37-00.png?itok=L_si4BA0\" alt=\"\" width=\"500\" height=\"273\" data-entity-type=\"file\" data-entity-uuid=\"a13289d9-c2dc-4492-b4e4-5f9ac5bba6e0\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>The storm is coupled with a cold blast pouring across the Lower 48 starting Friday. Temperatures are forecasted to dive between Friday and next Wednesday.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_1c4db50f.png?itok=XWjSma5-\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_1c4db50f.png?itok=XWjSma5-\" 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\/Snag_1c4db50f.png?itok=XWjSma5-\" alt=\"\" width=\"500\" height=\"277\" data-entity-type=\"file\" data-entity-uuid=\"fd95cfe5-64f7-426e-ad23-de291ad1a730\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Most of the Lower 48 could be well under average temperatures.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1602003413163819012&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fcoast-coast-winter-storm-sends-us-natgas-surging&amp;sessionId=fc23f7516cb61b3d051be52c3cd8e50e26ea924d&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=a3525f077c700%3A1667415560940&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1602003413163819012\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>Which means heating demand erupts.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_1c4dba30.png?itok=vSOdZj1R\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_1c4dba30.png?itok=vSOdZj1R\" 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\/Snag_1c4dba30.png?itok=vSOdZj1R\" alt=\"\" width=\"500\" height=\"281\" data-entity-type=\"file\" data-entity-uuid=\"2b5fdda9-bf20-427d-816b-3254604c5458\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>And why energy traders are bidding NatGas prices higher this morning. At one point, prices were up 12% to $7.010\/mmbtu.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_1c4dbed3.png?itok=GHIicstt\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_1c4dbed3.png?itok=GHIicstt\" 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\/Snag_1c4dbed3.png?itok=GHIicstt\" alt=\"\" width=\"500\" height=\"276\" data-entity-type=\"file\" data-entity-uuid=\"0e185117-0291-4452-879d-3f432aaaa01b\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Cold season is in &#8212; drawing down on inventories began on Nov. 10 (read:\u00a0<a href=\"https:\/\/www.zerohedge.com\/commodities\/us-flips-withdrawal-season-natgas-prices-surge\"><em>&#8220;US Flips Into Withdrawal Season&#8221; As NatGas Prices Surge<\/em><\/a>).<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_1c4dc348.png?itok=KNIZr1xx\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_1c4dc348.png?itok=KNIZr1xx\" 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\/Snag_1c4dc348.png?itok=KNIZr1xx\" alt=\"\" width=\"500\" height=\"270\" data-entity-type=\"file\" data-entity-uuid=\"cfff2614-cefb-4313-8a9b-40a8ef3fa5cf\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Also,\u00a0Freeport LNG is expected to ramp up exports out of its Texas facility soon, along with cold weather; this could keep a bid under NatGas prices this heating season.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coast-To-Coast Winter Storm Sends US NatGas Surging In what&#8217;s forecasted to be the first\u00a0coast-to-coast major winter storm\u00a0of the season across the Lower 48, traders have furiously panic bid US natural gas futures due to the prospects of increased heating demand. On Sunday, wintery precipitation, powerful winds, and heavy rains battered Intermountain West as a powerful [&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":[2,3,4],"tags":[3526,6265,554,17653,3535,1146,4318],"class_list":["post-64438","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-heating","tag-natgas","tag-natural-gas","tag-natural-gas-price","tag-winter-storm","tag-winter-weather","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64438","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=64438"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64438\/revisions"}],"predecessor-version":[{"id":64439,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64438\/revisions\/64439"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}