From Zero Hedge -which sees everything from the point-of-view of the market! The scariest from the energy complex?! What about the planet?
The Scariest Chart For NatGas Bulls
ZeroHedge,
1 March, 2016
With analysts calling NatGas's glut even bigger than crude's, the following 'chart' has just become the scariest in the world for the energy complex. As Bloomberg warns, if you live in the eastern U.S., it’s almost time to put that snow shovel away and get out the gardening tools, as March temperatures are expected to be considerably higher than expected across the entire US (except Florida, sorry).
The Scariest Chart For NatGas Bulls
ZeroHedge,
1 March, 2016
With analysts calling NatGas's glut even bigger than crude's, the following 'chart' has just become the scariest in the world for the energy complex. As Bloomberg warns, if you live in the eastern U.S., it’s almost time to put that snow shovel away and get out the gardening tools, as March temperatures are expected to be considerably higher than expected across the entire US (except Florida, sorry).
As
Bloomberg continues,
after a slight hiccup later this week -- which could bring a little
sleet and even a few snowflakes -- the warmth that has dried out the
West Coast and drought-stricken California during most of February
will shift east.
Temperatures may reach 8 degrees Fahrenheit (4 Celsius) above normal by mid-month from the Midwest to the Atlantic, and even higher across the Great Lakes and parts of Ontario and Quebec, said Commodity Weather Group LLC in Bethesda, Maryland.
“The pattern is going to change,” said Rob Carolan, owner of Hometown Forecast Services Inc. in Nashua, New Hampshire.
March
is expected to be considerably hotter than expected everywhere
(except Florida)
New
York City could see 64 next week,
according to MDA Weather Services in Gaithersburg, Maryland. Boston
may make the 60s, too, along with Cincinnati, Chicago and
Minneapolis. Washington, Philadelphia and St. Louis might reach the
70s, MDA said.
That’s
enough to put a garden stake through the heart of winter. Not
that winter has had much of a bite, especially along the East Coast.
New York’s Central Park had 11 days above 50 in February and four
at 60 or better. While the snowfall total is higher than normal for
the season, it was 5.2 inches (13 centimeters) below average since
Feb. 1, according to the National Weather Service.
Almost
all of New York’s snow, 26.6 inches out of 31.2, came from a Jan.
23 storm.
The
rest of the Northeast has done pretty well this season, too, unless
you like to ski.
“Boston
is closing in on at least its second-mildest winter on record,”
Carolan said.
Which
explains why Nattie is plumbinmg new record lows...
As
this morning's hope crashes...
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