Monday, December 13, 2010

Winter is Finally Here

If there was any doubt that winter weather would come, yesterday's video of the Minneapolis Metrodome's roof collapsing under the weight of snow should make everyone forget about a warm autumn.

With the first big cold snap of the year, the price of natural gas at the New York Citygate more than doubled in one session, jumping $6.32 to $12.31/MMBtu.  The spot price at Henry Hub increased 4.2% to $4.52/MMBtu, the highest price since August 9.  The price is still 19.4% lower than this week last year, but at least it finally is headed in the right direction.<a href="" target="_new" title="">NFL on FOX: Metrodome collapse</a>

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