Colder & Snowier Winter Headed for U.S. With Incoming ‘Polar Vortex’ — Texas Inspects Power Plants Ahead Of Freeze Warning — ERCOT Claims it Is “Confident That
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Its Electric Generation Fleet and the Grid Are Winterized and Ready to Provide Power — People Prepare For Power Failure In TX
Colder & Snowier Winter Headed For U.S. With Incoming ‘Polar Vortex’
Despite America’s mild Fall –which is due to low solar activity and a meridional jet stream, not man’s irrelevant CO2 emissions– southern Minnesotans saw record snow last Friday–deemed a taster of what’s to come when winter ‘proper’ hits.
Late last week, the official total at Rochester Airport came in at 6.5 inches — this, according to National Weather Service (NWS) data, was more than an inch higher than the previous record for December 10, set back in 1970,
Reports of 9+ inches of snow were dotted throughout the city, and there were two reports of 10.5 inches to the north.
Totals at the NWS office (at the Twin Cities airport) also set a new record for Dec 10 — at 11 inches.
There were also reports of 11 inches in both Kasson and Owatonna.
While 12 inches hit Lake City.
Heavier accumulations were noted on the south and east edges of the Twin Cities, with 21 inches noted in East St. Paul.
Polar Vortex To Send Natural Gas Soaring Again
A mild fall has made many doubt that this winter will mirror last year’s of record snow and deadly freezes; however, latest weather models will check any complacency as they reveal that the U.S. should start bracing for a winter of old.
Since mid-Oct, U.S. natural gas futures have been down as the threat of colder weather and tight supplies waned, crushing bullish traders. But now, with winter less than two weeks away, comes new weather models suggesting “significantly colder” temperatures will hit later this month as the Northern Hemisphere enters its second La Nina winter, and markets are set to rally.
Meteorologists at private weather forecasting firm BAMWX foresee a bullish setup for natural gas futures.
They say the narrative is flipping from warmer weather to the complete opposite as a “polar vortex” (aka Arctic outbreak) threatens to plunge much of the U.S. into a far colder pattern by the New Year.
Kirk Hinz, chief meteorologist at BAMWX, said: “Seeing an interesting pattern developing ahead leading up to Christmas and into Jan ’22, as higher pressure looks to finally re-establish towards Alaska and the North Atlantic, pushing cold from the Arctic down into the US.” Atmospheric phenomenons are currently conspiring “to increase the potential for a Polar Vortex displacement event, sending more consistent cold air deeper into the US … a big risk to watch for the energy markets ahead,” added Hinz, who provided the below graphics on Twitter early Monday morning:
Natural gas traders are being urged to carefully monitor temperature forecasts and heating degree day estimates for the U.S. to gauge future energy demand. Futures found support on an upward sloping diagonal trend line in recent trading, with Bloomberg reporting earlier this week that traders were “buying the dip” on the prospects of colder weather later this month:
Looking across the Atlantic, colder weather and tight supplies sent Dutch natural gas for next month, the European benchmark, over the 100 euro mark and very close to the all-time highs witnessed early November:
If BAMWX calls for a ‘Polar Vortex’ play out, a monster reversal in U.S. natural gas futures will occur. And while this will be seen as good news for bullish traders, it will be bad news for consumers as bills soar and possible shortages ensue.
"New regulations require all electric generation and transmission owners to make significant winterization improvements and our inspections confirm they are prepared," Rickerson said.
The announcement comes as new weather models via Bloomberg show average temperatures across Texas are expected to slide beginning this weekend.
In some cases, the minimum temperature will dive below freezing and could strain ERCOT's power grid as energy demand would increase.
In terms of heating degree days, energy demand will skyrocket through the first half of January.
ERCOT has already sent out a "freeze warning" email to customers, warning them about the upcoming cold blast.
As you are aware, there is a freeze predicted in this area. We ask that you take the following precautions to help reduce the potential for damage to property as well as personal injury. -ERCOT
For the Lower US 48, meteorologists at private weather forecasting firm BAMWX continue to predict colder weather is set to trend for January.
If colder weather is ahead, natural gas prices could get a lift. Futures linked to Henry Hub show an ascending diagonal support line where support could form.
Since Dec. 9, we've had the thesis that a cold blast was due to hit the US Lower 48 in January amid a very mild December.
Source: HNewsWire HNewsWire ZeroHedge electroverse
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Every once in awhile, a book comes across your path that is impossible to put down. A Long Journey Home is not a casual book that you read in a week or earmark to complete at a later date. Once you begin, cancel your schedule, put your phone on silent, find a quiet place where you cannot be disturbed, and complete the journey. Click Here to Purchase on Amazon.com!
Reach People
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