Carl Neill
Carl Neill
built heat hurricane premium
There's already a hurricane and heat premium built into these prices.
above cooling extremely market normal weak weather
Even where cooling is above normal the weather is pretty mild. The market is extremely weak this morning.
absolutely high prices public radar screen
It's still under most people's radar screen right now. The public has absolutely no idea how high prices are going to be this year. It's going to be mind-boggling.
pressure pull puts turn wholesale
They have to pull gas. And if there's no usage for it, that just puts more pressure on wholesale prices, which in turn puts more pressure on futures.
finally gas
There's still a lot of gas out there, but we're finally going to get some near-normal temperatures.
february history level lowest reached
RSI reached the lowest level ever in the history of the February contract.
caused damage equal exceed fall market prices reports storm
The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.
combined demand factors industrial market
All those factors combined have really smacked this market back down. You're going to have a lot of industrial demand go off line.