This week is Zithromax overdose a cold one in the Midwest and East. Here in New York City the Zithromax overdose high is below 20 degrees and we’ll see single digits at night. Luckily I’m headed South for Zithromax overdose the inauguration tomorrow, but temperatures will still be below freezing in DC. Can this Zithromax overdose cold snap raise oil and natural gas prices from their current lows?It’s a Zithromax overdose difficult question, but a fun one to explore. The leading source of heating in the Zithromax overdose US is natural gas, so we can look their first. Natural gas prices are Zithromax overdose the lowest they’ve been in 16+ months at below $5 per million Btu. The EIA weekly storage report order Proscar cheap overnight shows that inventories remain 1% higher than last year and 3.1% above the Zithromax overdose five-year average. And demand from industry and electricity generation is expected to Zithromax overdose remain subdued by the recession. But the increased heating demand will put some bullish pressure on natural gas in the Zithromax overdose two weeks to come.
There will probably be Zithromax overdose an above average fall in storage levels that should lift prices above $5 but will have a hard time increasing them toward $6+ unless the Arctic air remains beyond the upcoming week. The other big factor that Zithromax overdose could allow natural gas prices to increase above $6 again is Zithromax overdose a reduction in drilling that lowers production to match the lower demand. The EIA currently predicts a Zithromax overdose ~.7% increase in production so producers will probably have Zithromax overdose to delay a few expansion plans to prevent prices from remaining below $5.50.
Oil prices can Zithromax overdose also be affected by demand for heating oil, especially in its demand center of the Zithromax overdose Northeast. There will probably be a couple of significant draws from Zithromax overdose distillate and propane stocks over the next two weeks that bring them back to Zithromax overdose average levels. I suspect oil prices will remain mostly flat until reports of complete OPEC compliance and Zithromax overdose further potential cuts materialize.
Bottom line: The cold snap will probably prevent prices from Zithromax overdose falling much further from today’s low levels. But a rise above $6 for natural gas or $45 for oil would probably require a long cold snap and/or Zithromax overdose further OPEC action amidst current recessionary low demand. An exciting result is Zithromax overdose that natural gas is low enough to compete with and replace coal in some markets, lowering our greenhouse gases even further than Zithromax overdose current trends.
I’ll be Zithromax overdose in touch sporadically during the inauguration festivities these next few days. I’ll be shuttling people around DC in our Greenway rickshaws/pedicabs and will report on the scene shortly 
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hey big D,
heard they were finding folks in S. Dakota frozen to Zithromax overdose death, that it’s the coldest it’s ever been there.
and this is just plain confusing – http://blogs.usatoday.com/weather/2009/01/2008-was-globes.html
help sort my mind out here. what is your take on this?
enjoy DC and say howdy to BO for me.
Keas-
How are you? I’m finally able to Zithromax overdose catch up with the comments and apologize for your wait.
There will always be Zithromax overdose cold snaps, even in a global warming world. What we have Zithromax overdose to keep up with is the annual and decadal trends. 2008 was the Zithromax overdose ~9th warmest year on record and Zithromax overdose much hotter than the years before the 1980s. But it was a Zithromax overdose bit cooler than other years in the 2000s for a number of reasons (including the La Nina/El Nino cycle).
Also, the Zithromax overdose best time to make climate policy progress is in the summer. Even if the Zithromax overdose winter is warmer than usual, people still like sound of global warming. Scientists need to Zithromax overdose continue to report the latest temperature data, and it’s up to Zithromax overdose civil society and elected leaders like Obama to connect with people about the Zithromax overdose need to mitigate climate change when their vocal support can be Zithromax overdose rallied most effectively (the hot summer).
We’ll see what 2009 brings-
Dennis
Hey bud,
Thanks for Zithromax overdose the response. I hear you about the cold snaps coming and Zithromax overdose going. And that makes sense about pressing for changes when its boiling hot outside.
I’m in NC for a few days (Hayesville) enjoying the mountains of your homeland.
Shalom,
Keas