The East Coast from North Carolina to Maine, including the New York area, will face almost twice the usual risk from hurricanes this season, WSI Corp. said in its latest Atlantic storm forecast.
Weather Services International reduced its 2011 Atlantic hurricane forecast to 15 named storms from 17, while predicting the chances are high that a storm will strike the U.S.
The possibility of an El Nino, a warming of the mid-Pacific Ocean, has forecasters predicting lower temperatures across the U.S. this summer, which may mean less electricity will be needed to run air conditioners.
The second winter storm of the week swept into the U.S. Northeast with snow and ice, grounding more than 2,000 planes, closing schools and cutting power to more than a million customers.
Natural gas futures dropped in New York for the second time in three days on forecasts for warmer- than-normal weather that would cut heating-fuel consumption.
Scandinavia’s ability to undercut German power prices may evaporate amid the biggest shortfall since 2006 of water needed to generate electricity.
Natural gas futures dropped in New York as meteorologists predicted a shift to above-normal temperatures after wintry weather in the eastern U.S. this week.
"The big story this week is that our expected January thaw next week has been obliterated, and that the models keep getting colder and colder in general, starting next week through the end of January."
- Todd Crawford on Jan 15, 2015