Page 7 - Eric Fell News Today

Regardless, windfarms copped the blame. “Icy weather chills Texas wind energy as deep freeze grips much of US,” was one Reuters headline. “Frozen Turbines and Surging Demand Prompt Rolling Blackouts in Texas,” wrote the New York Times. “The windmills froze, so the power grid failed,” said Tucker Carlson of Fox News. Fox blamed renewables for the blackouts 128 times over two days. The Texas governor, Greg Abbott, said: “This shows how the Green New Deal would b...

Natural gas futures on Thursday lost ground for the sixth time in seven sessions after the latest federal inventory report disappointed for a second

The U.S. Energy Information Administration (EIA) on Thursday said natural gas storage for the week ended March 5 declined by 52 Bcf, a reduction that fell

Feb 21, 2021 The control room for the Texas electric grid is dominated by a Cineplex-sized screen along one wall. As outdoor temperatures plunged to Arctic levels around the low-slung building 30 miles from Austin last Sunday night, all eyes were on it. The news wasn’t good. Electric demand for heat across the state was soaring, as expected, but green dots on the corner state map started flipping to red. Each was a regional power generator, and they were spontaneously shutting down �...

Publishing date: Feb 20, 2021  •  February 21, 2021  •  8 minute read  •  Article content (Bloomberg) — The control room of the Texas electric grid is dominated by a Cineplex-sized screen along one wall. As outdoor temperatures plunged to arctic levels around the low-slung building 30 miles from Austin last Sunday night, all eyes were on it. The news wasn’t good. Electric demand for heat across the state was soaring, as expected, but green dots on the corner state map started ...

Electricity prices in Texas surged to US$6,000 per megawatt hour

Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over

Winter’s Worst Cold Drives February Natural Gas Futures Higher Weather outlooks increased the likelihood of robust heating demand LNG export levels gathered new momentum Cash prices climbed for a third straight day Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood of robust heating demand the rest of January and into early February, f...

Warm Model Trends See Natural Gas Futures Retreat Early With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for a third straight day, pointing to “the trend in modeling to slow down the demise” of the positive Easte...

Despite mixed signals from the weather data, evidence of tight balances in the latest government inventory data helped further bolster natural gas futures