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

  • Every (Legal) Worker in America Pays Tax on Their Income

    ByRod Adams

    I just have to get this off of my chest. There is a meme that is going around – particularly in the conservative press and from the lips of wealthy people being interviewed – that there are a large portion of workers in America who do not pay taxes on their income. The example of…

  • DSC, Mitsubishi, PBMR, Toshiba, Shaw Group, Italy

    ByRod Adams

    Strange blog post title today. I have been having some difficulty juggling a number of activities recently, and I find that I have missed commenting on a several recent events and updates associated with the NuClear renaissance. One of my activities has been a continuing conversation with Adam Curry on the DSC. If you have…

  • Germany's plans for new coal fired power stations

    ByRod Adams

    On March 21, 2007, Spiegel Online published an article by Roland Nelles titled Germany Plans Boom in Coal-Fired Power Plants — Despite High Emissions. The article reports that there are 26 new coal fired power stations planned for construction in the next few years in Germany. The coal will be imported from Poland or South…

  • Nuclear Exchange in the Op-ed section of the Washington Post

    ByRod Adams

    Scott Peterson, one of the contributors to NEI Nuclear Notes, answered a July 6, 2005 piece by Peter Asmus titled “Nuclear Diosaur” with his own contribution in the July 12, 2005 edition titled “Wrong on Nuclear Power” (free registration required for the Post articles). It will be interesting to see who else chimes in and…

  • Should New Coal Plants Carry the Risk of Bankruptcy?

    ByRod Adams

    An interview conducted in January 2008 and posted on line ever since is causing a bit of a stir in the blogosphere, on talk radio, and in the mainstream press. Part of the reason for the attention is the fact that some of the states where polls indicate a close balance between the two major…

  • Misguided Colorado resident

    ByRod Adams

    There is a letter to the editor that was published on colorado.com on July 11 titled Nuclear Power: Boon or bane that needs some response. The people from Fort Collins deserve to learn from people know a more about the subject. Unfortunately, I have very limited time today. Any takers?