Natural gas futures up sharply as heat wave hits Midwest and East Coast

ByRod Adams

In the past few days, spot prices for natural gas have increased by more than 20% as temperatures approaching 100 degrees affect high natural gas consumption areas like the upper midwest, Texas and the mid-Atlantic regions.

As of the close of trading today, here are the prices at some key locations:

NYMEX Henry Hub Future$8.16 per million BTU
NYMEX Henry Hub Spot$8.05 per million BTU
New York City Gate Spot$9.59 per million BTU

Source – Bloomberg. Com Energy Prices 31 July 2006

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

Similar Posts

  • A new phase in my nuclear career

    ByRod Adams

    Model of mPower™ inside containment As regular Atomic Insights readers know, I gained some of my atomic insights as a commissioned officer in the US Navy. I served for part of my career as an engineering officer on board nuclear powered submarines and gained an up close and personal appreciation for the amazing technology that…

  • Heat wave breaks a bit and natural gas prices drop

    ByRod Adams

    The heat wave causing the East Coast to swelter and crank up the air conditioning has eased a bit, and Chris has been downgraded from a tropical storm to a depression that no longer threatens Gulf of Mexico production. Those two factors have helped to reduce the price of natural gas at New York City…

  • Gerd Leipold from Greenpeace – Climate Change is an "Existential Crisis" (but will his organization accept nuclear fission as a useful tool?)

    ByRod Adams

    The Nuclear Power Yes Please Blog has a post referring to the above video interview titled Greenpeace admits “emotionalizing” is one of their tactics. That post is worth reading, but what I want to focus on is the illogic of the actions of an organization that claims climate change is an existential issue yet remains…

  • Is Atomic Insights Being Blocked in China?

    ByRod Adams

    Every once in a while, I like to share this global view of the visitors to Atomic Insights. It is rewarding to know that the discussions we host end up reaching so many corners of the world. It is no surprise that we do not have any regular readers in Greenland or the Democratic Republic…

  • Perfect storm brewing?

    ByRod Adams

    I realize that I get a rather biased view of the world because I specifically search out articles about certain new nuclear plant projects and about energy topics in general. That said, it seems that there is a growing confluence of factors leading to an increasing probability that there will be a lot of new…