𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Recent experience in the U.S. market may not reflect all factors

✍ Scribed by Bopp, Anthony E. ;Poats, Rutherford Bo ;Diemer, James S.

Publisher
John Wiley and Sons
Year
2007
Weight
630 KB
Volume
15
Category
Article
ISSN
0743-5665

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✦ Synopsis

he last 15 years has been a period of milder-T than-average temperatures in the eastern and midwestern United States. As a consequence, decision makers in the U.S. natural gas market that use rules of thumb based on past experiences could be using rules that will fail during periods of colder-than-average weather. This article documents the last 15 years of mild weather and examines why such a period of warm temperatures is likely to affect notions concerning:

The expected seasonal pattern of gas prices The relationship between natural gas and oil prices The profile expected for gas in storage at various times of the year ./ . . rules that will fail during periods of co Ider-t han-average weather.

"Big Question" Not Considered This article is not about the issue of global warming. Climatologists use 30-year periods as the smallest period of measurement of interest, so that a 15-year period is only one-half of a measurement pertaining to any analysis of global warming. Also, weather patterns tend to be

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