Stories tagged with "cold weather"

Well none of this is particularly good news!

Posted by Heading Out on December 6, 2005 - 1:59am
Topic: Supply/Production
Tags: cold weather, demand, pipelines [list all tags]

Well the winter is not starting off all that well.  Already the OGJ reports that the below normal temperatures already being felt in the eastern two-thirds of the country will, according to the National Weather Service, continue for this month.  The result is anticipated to be an 18% increase in the demand for heating oil through this week.  (From a base of around 4 mbd according to the EIA).

It is the relative immediacy of shortfalls, whether this year, or in the next two, that will start to test the true international collaboration on energy supplies, and for how long oil and gas will remain fungible.  It is well and good to drill wells in Kazakhstan but without the pipelines to get the oil to a friendly port, the availability of the oil discovered will remain in question.  

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