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Surge Pricing: New York Nat Gas Prices Soar To Record
It's Winter, so it's cold; but even relative to the worst year in recent records, this is extreme. Demand for heat is seemingly surging as the price for delivery of Natural Gas in New York City and New Jersey has soared to a record high. Uber would be proud of the surge as prices for Northeast Transco Zone 6 gas reached almost 9 times its seasonal average and other East Coast hubs reached 10-year highs.
Nat Gas prices for delivery in NYC and NJ...
more than 8 times the seasonal average...
Via Bloomberg,
Spot gas prices for New York City surged to a record for today while other East Coast hubs climbed to 10-year highs. Transco Zone 6, which includes deliveries to New York City, reached $90 per million British thermal units in IntercontinentalExchange Group Inc. trading before ending at $55.49, an all-time high based on data going back to 2001. Gas at the Algonquin City Gates in New England more than doubled to $34.10 after reaching $50, the most since January 2004.
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You sure Amaranth isn't short again? http://en.wikipedia.org/wiki/Amaranth_Advisors
GDP is about to go negative along with the temperatures!
REAL GDP has been negative for years now.
It's the new we store um until you need um, financialized economy.
Correct. As to the question of heating and natural gas...
create all the imaginary "money" you want, the calories required to do anything of real value are what they are...
Yes, energetically speaking everything gets more expensive.
Damn that second law of thermodynamics.
In other news, FBI Hunts Little Old Lady, No Charges Filed Against Banksters
Sheeple comment.
Notice how no one complains about fracking when it's -10 outside ?
Ungrateful hippies! Don't they realize that they can heat their homes with the tap water now! Just turn on the faucet and you have your own fireplace. Smh
Maybe they died of cancer, knucklehead.
It should be $1000 per unit at Blankfein & Dimon's place.
Have to admit ... I picked the perfect year to stock up on firewood. I'll probably get thru this year with heating (propane) bills totalling $200 or so for a 3500 ft home. So fuck you all who didn't plan.
And how much did you spend on the wood vs how much propane would you have to use to generate the equivalent therms?
Zero. A lot of it is scraps saved from a bunch of projects I did this year, some stuff I had delivered came on no-deposit pallets that I cut up and set aside, my brother in law works clearing areas and saved some trees chunks they chopped away, and a nearby home construction had wood remnants that were going to be hauled that they let me take off their hands.
That plus a friend was chucking an old pot stove that he didnt want so I refurbed it beautifully with a bit of effort and $60 in parts (good forever now).
Thrift muthafukkas, thrift.
We heated our house all autumn with salvaged wood, it felt so good and I feel another sort of satisfaction for my labour that doesn't arrive from money. Agree thrift muthafukkas, its good fer yer heart.
Looks like the EPA wants to step on your satisfaction. What is wrong with these fucktards...
http://www.foxnews.com/politics/2014/01/07/epa-proposes-new-restrictions...
The EPA in its announcement said dollars spent for compliance would be made up in medical cost savings.
here it comes...another article i read about it said something about them "outlawing" the sale of used stoves that don't meet the requirements, though that might be tinfoil.
Tis true- they say they must be scrapped or disabled. They going to have a hard time getting mine. I a blaze king catylitic and have had it for 25 years. Still works like new with little maintenance.
Yet another nail in the coffin of individual self-reliance.
"You WILL submit to centralized control --- of electricity, of fuel, of communication, of 'health care' ... !"
What next, will the fucking feds begin outlawing individual wells also?
They're already working on gardens and home-grown crops.
did you make any mods to increase its burning efficiency?
love old stoves, but found most of them aren't extremely efficient.
No mods. This thing is just a massive chunk of cast metal. Heats up well with just a bit of wood and gets the most of the main floor warm (except the master bedroom) on its own. I only feed it a few chunks wood about once every hour or so, and the residual heat by the 9pm feeding will carry the place thru morning ok. The thing is insane, and now my friend is bitching that he chucked it. Burns so efficiently there is almost no sawdust.
Agree though, others with old stoves dont get the efficiency I am getting, it seems.
nice. your friend may have just given away a goldmine. everytime he comes over, you should serve him some tea & whiskey brewed on the stove as a thank you gesture and reminder bout what he's missing :)
enjoy the toasty feet.
You had better be careful. 9-11 demonstrated that burning paper and kerosene can melt steel in short order. There's no telling how quick burning wood could melt your stove.
Watch out for carbon monoxide poisoning.
http://www.telegraph.co.uk/health/healthnews/9688902/Wood-burning-stoves...
second that question
p.s. tip: place a stack of solid mass (stones, bricks) around your distributors (stove, baseboard) to hold the heat for a much longer period before it escapes/dissipates. works like a charm. even old blankets/rugs folded up work, just be careful they're not too close!
It cost me the gas&oil for my chain saw. I'm not going to pay those clowns when I can heat my home for almost free.
It was so cold . . .
Starbucks was serving coffee on a stick!
supply and demand..what an econ 101 concept.....I guess I still have a little faith in the markets....but watch Obama come in with a price cap or something...maybe Blasio...
upside in natgas showed as early as November
http://bullandbearmash.com/chart/natural-gas-daily-tests-april-2013-resi...
weeklies show upside near 5
I burn wood 100% .. price of wood has been the same for the last 4 years now... $190 a cord
$250 a cord where I live (rural central/eastern Ontario) but their costs are going up markedly the last couple of years. I suspect the prices will start to rise, however to your point the price has been a lot more stable than any currency, bond or stock market.
Natural Gas is always a local market....
Try telling that to the bastards running our natgas utlities here in Alaska, where the bills automatically jump up with any rise in the national/world NG price despite Alaska having essentially NO natgas infrastructure or import/export connection to the rest of the world.
Fuhgeddaboutit ya fawkin moolies!
In my parts the price of road salt didn't go higher due to the ice storms and deep freeze we've been in for 6 weeks, the major retailers just ran out. Centralized planning destroys people's instincts I believe. Like Smeggers Wanxalot I've got so much firewood I'm not going to worry about it. I am going to celebrate that I still have managed to save/salvage some of the instincts I were born with.
Nobody gives a shit about New Yorkers.. !@#$ em.
HH to NY spread is as wide as Becky Quick's thighs for Warren B. Bal Day prices in PJM are f'n hilarious, and a glimpse into the not too distant future as capacity is getting pulled from PJM with the coal plants shutting down (which some speculators had bid in capacity from MISO that they have no intention to actually deliever on). This has not had an effect of setting a floor on lmp's as generators had hoped, but rather has cranked up the Vega to epic proportions. The beauty is that new plants have been NG, which gets severly curtailed during extreme weather events.
FYI: Sell the MFATH!!
Wait until the PJM grid continuity charges hit commercial and industrial accounts this summer for electric rates. 65% plus on electric bills. Will be fun.
This is exactly why Nat Gas is not the solution. Once enough people turn to using it, the price will be no cheaper than using oil.
got land? GYO HHO:
http://www.motherearthnews.com/renewable-energy/heat-your-home-with-biodiesel.aspx
And they are fracking the shit all over PA go figure.