Natural Gas Climbs as East Bears Record Cold

Share on facebook
Share on twitter
Share on linkedin


Plummeting temperatures in the east have aided the climb of natural gas in New York, to it’s highest point since September of 2012.

The frigid cold has hiked demand for heating fuels. Temperatures currently hover around 6 degrees Fahrenheit, 21 degrees south of the norm, according to Accuweather, and it looks to stay that way or colder through the end of the month.

The obvious necessity is apparent as cold weather affects the pipes through which oil travels. Allowing it to get too cold will ultimately result in damaged pipes and severe loss of product.


View More

Shale gas oil rig production site

The US & Global Rise in Shale Gas Production

The activity and production of shale in the United States as a source of natural gas has and continues to increase exponentially over the years. This continued increase is due in large part to the discovery of new shale gas sources thanks to horizontal drilling and hydraulic fracturing technology applications. Geologists and surveyors…