Bloomberg, Naureen Malik: Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the U.S. Northeast. The gas squeeze underscores the lack of adequate pipeline capacity to haul enough gas from Appalachia and points farther afield to Northeast metropolises where households have been scrapping heating-oil tanks for gas-fired furnaces. As a result, gas in the region is the world’s priciest, commanding 14 times more than U.K. futures price and about nine times more than Asian imports of the liquefied version of the fuel.
Latest from John Shanahan
- What's next for US climate policies (Paul Driessen, CFACT) USofA South Africa
- Politicians trying to stop use of fossil fuels (Thorpe Watson) Canada
- 26 Years of Growth: Shanghai Then and Now
- Strange Agreements and Stranger Taxes: The UN Climate Drama (Vijay Jayaraj, Cornwall Alliance) India
- Donald Trump's relations with Heads of State for France, United Kingdom, Germany, China, and Russia (Luke Baker, Reuters) USofA