Folks continue to be bearish on natural gas...
Last week, I told you the National Oceanic and Atmospheric Administration (NOAA) is predicting a mild winter this year. A warm winter would mean less natural gas consumption.
Now, the U.S. Energy Information Administration (EIA) is saying
that household natural gas heating bills will fall by 10% this winter.
I disagree...
Part of the EIA's forecast is based on NOAA's winter prediction.
But as I told you last week, I give premium weather service WeatherBELL
Analytics' models more credence. The meteorologists at WeatherBELL are
predicting a major cold and snowy winter over the South and into the
East. And that winter will get a lot worse after December and run late
through March. (more)
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