Despite the U.S. having just experienced its fourth warmest December since records began in 1895 (see related story), AccuWeather chief long-range forecaster Joe Bastardi said the unseasonably warm winter to date in the United States is likely to “turn on a dime” this month. If his forecast proves true, natural gas and power prices could be jolted higher, as already evidenced by the natural gas futures market’s response to these cold front warnings.
1895
Articles from 1895
AccuWeather’s Bastardi Sees Winter Turning ‘Cold and Stormy’
Despite the U.S. having just experienced its fourth warmest December since records began in 1895 (see Daily GPI, Jan. 10), AccuWeather chief long-range forecaster Joe Bastardi said the unseasonably warm winter to date in the United States is likely to “turn on a dime” this month. If his forecast proves true, natural gas and power prices could be jolted higher, as already evidenced by the natural gas futures market’s response to these cold front warnings.
January 11, 2007
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