Breaking news.. US Natural Gas Prices top $200/MMBtu in some locations

The cold snap has created an unprecedented spike on cash market natural gas prices at some locations.

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Breaking news: US Natural Gas prices for prompt delivery went as high as $200 in some locations as the brutal cold snap froze oil wells and knocked out power.

14 states in the United States currently face blackout.

A note to readers, the aging interconnected nature of the US Electricity grid makes it prone to suffer a catastrophic collapse. Unfortunately, this happened at the worst possible time as there was peak demand on the grid due to the cold snap in the country.

Unfortunately, there will be casualties as hypothermia can set in quite quickly.

 


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