Shepstone Management Company, Inc.
It’s hard to give much sympathy to those stuffy Bostonians with their noses up in the air, but New England gas prices are about to shoot through the roof.
The word is out among investors; New England gas prices are about to skyrocket. I’m not bothered, though, and I expect most readers aren’t either. Most of us have had enough of the Boston Brahmin lecturing us about how much they don’t need our gas, even as New England gas prices rose to unprecedented levels and they were forced to import Russian LNG. Now, it appears it may all happen again.
Yes, New England gas prices are about to soar again, according to this post at Seeking Alpha. Here are the key points:
The U.S. Global Forecasting System (GFS Model) anticipates a return of the Polar Vortex in the first week of January.
A Sudden Stratospheric Warming Event occurred this past week above the Arctic setting the stage for the return of the Polar Vortex.
Natural gas in storage is well below the normal range and will fall even further below normal if the Polar Vortex returns…
If there is another Sudden Stratospheric Warming Event later this winter, then there is a possibility of natural gas in storage getting close to zero. This could create significant shortages before winter is over leading to a potential Black Swan for the economy.
Hmmm…
Yes, New England may well come to regret its pipeline opposition. Let’s hope residents turn their ire toward the two Massachusetts Senators, Markey and Warren, who couldn’t wait to join with fractivists in opposing multiple pipeline projects. And, let’s especially hope they castigate Andrew Cuomo who directed his DEC to block the Constitution Pipeline. May all these pandering pols enjoy the fruits of their demagoguery!
The post Are New England Gas Prices About to Go Through the Roof? appeared first on Natural Gas Now.
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