For now, California and other parts of the nation can thank Mother Nature for saving consumers from severe and sustained summer energy price spikes, and perhaps bolstering the political resolve to keep pushing ahead with market-based energy solutions, said a Wall Street analyst with Commerzbank Securities. However, the market fundamentals are still present to sustain higher-than-historic prices and volatility, particularly for natural gas.
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Weather Masks Tight Market, But Stability Should Stay Awhile
For now, California and other parts of the nation can thank Mother Nature for saving consumers from severe and sustained summer energy price spikes, and perhaps bolstering the political resolve to keep pushing ahead with market-based energy solutions, said a Wall Street analyst with Commerzbank Securities. However, the market fundamentals are still present to sustain higher-than-historic prices and volatility, particularly for natural gas.
August 16, 2001