Winter 2012-2013 has been virtually nonexistent, just like Manti Te’o’s girlfriend. Pittsburgh Steelers please don’t draft him, let the Browns have him. The lack of winter cold has brought the bears out, pushing the February 2013 prompt contract almost to its all-time low established way back in April 2012. Recently, the market has been bullish because of some colder weather and weaker natural gas storage numbers, including a recent storage report that showed the largest withdrawal in two years! However, longer term market outlook remains overall bearish, but not to the extent of 2012. Consequently, don’t expect natural gas under $2.00 MMBtu anytime soon.
Thus far, this has been a well above normal winter and only sustained below normal temperatures could normalize winter 2012-2013, which brings me to Groundhog Day. I am not talking about waking up and doing the same monotonous thing over and over again like Bill Murray. Fortunately, I don’t have those types of Groundhog days because I get to work with the gregarious and fun Mike Krygowski [a fellow blogger].
Although the Pittsburgh Steelers failed to reach playoffs this year (I’m very torn up about this, but am also pumped that the NHL finally started its season), I was reading an article about the The Big Game going ‘green’. Did you know the NFL has an environmental program that has been around for 18 years? Last year, they set out to have the greenest game ever.
- Lucas Oil Stadium in Indianapolis, Indiana, is an environmentally-friendly stadium. Since the stadium has a retractable roof, their CPI lighting system utilizes natural light. Each year, the stadium recycles tons of aluminum, plastic, glass and cardboard.
- Two charging stations for electric cars were available.
- The hotel that housed the Media Center, JW Marriott, took food scraps to be turned into compost.
- The lights shining down on the field were powered by green energy.
- For the past seven years, the NFL has planted 1,000 trees in each host city.
Information derived from the ecorazzi blog and Super Bowl XLVII: Playing offense on clean energy and Super Bowl XLVI: Greening efforts to reduce environmental impact
LED lighting brightly shined as the light source for the ball drop in Times Square on New Years Eve. What resolutions do you have to reduce your electricity use in 2013?
Read the full article by Martin LaMonica on CNET: http://news.cnet.com/8301-11128_3-57346968-54/leds-power-times-square-ball-on-new-years-eve/
It was a bumpy ride this year for natural gas in the United States and in the North Pole. When natural gas prices plummeted earlier in the year, electricity generators switched from using coal to using natural gas. Santa Claus found it economical to do the same in the North Pole.
Then, natural gas turned bullish at the end of 2012. Consequently, the North Pole was “on the margin” like many other generators, forcing Santa Claus to reconsider switching back to coal electricity generation. Continue reading