New York and New England play Russian roulette with their energy supply

January 8, 2025

In the early hours of Monday, January 6, 2025, a severe winter storm fell on much of the MidAtlantic region and extended into New England. Forecasters predicted that this would only be the first in a series of significant cold fronts that will likely bring to the Northeast some of the coldest weather in a decade, and for an extended time period. As the weather is expected to remain frigid, demand and spot prices for oil and natural gas are likely to soar, commensurate with the need for people and businesses to heat their homes and other structures.

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