David Salmon News
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Damaging winds and coastal flooding that may tie up air traffic and hinder recovery efforts are forecast from Delaware to Massachusetts, including New York City and parts of New Jersey that were battered by Hurricane Sandy last week.
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Natural gas futures dropped in New York for the first time in five days as the outlook for milder weather and East Coast power failures signaled reduced demand for the fuel.
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Canadian natural gas prices rose on forecasts for colder weather that may increase demand for the heating fuel.
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Most of the U.S. will probably have above-normal temperatures through next week, which is usually one of the year’s coldest, forecasters say.
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Chicago may reach 99 degrees Fahrenheit (37 Celsius) today and New York City 90 as a heat wave that set or tied 196 daily temperature records yesterday moves east, promising to raise energy demand.
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A blast of cold air along in the eastern U.S. may mean energy used for heating homes and businesses will be 10 to 30 percent above normal through the weekend, said David Salmon, owner of Weather Derivatives.
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The U.S. Midwest will probably stay hot and dry through the end of the month while the East Coast may be spared another heat wave for the next two weeks.
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The Midwest is about to get a dose of something it hasn’t had in a while -- colder weather.
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Milder weather in much of the central and eastern U.S. next week may mean the region will use about 20 percent less energy for heating than usual, according to David Salmon of Weather Derivatives.
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Temperatures in the U.S. Midwest and South may be lower than normal as December begins.
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