Encana Earnings Fall With Lower Oil and Gas Production


As CI reported in the Weather forum, North America is going to get a blast of Artic air, twice this month.

Winter is here.

Winter weather strongly influences residential and commercial demand
During cold months, natural gas demand for heating by residential and commercial consumers generally increases overall natural gas demand and can put upward pressure on prices. If unexpected cold or severe weather occurs, the effect on prices intensifies because supply is often unable to react quickly to short-term increases in demand. The effect of weather on natural gas prices may be greater if the natural gas transportation (pipeline) system is already operating at full capacity. Natural gas supplies in storage may help to cushion the impact of high demand during cold weather.

In the winter, natural gas supply sometimes declines temporarily because of cold weather-related production constraints.