Polar vortex hits US energy supply

The polar vortex plaguing the Midwest and East Coast put a damper on the country’s energy sources, forcing natural-gas pipeline operators to slowdown flows and refineries to reduce production.

{mosads}Bloomberg reports oil prices were pushed higher for a second day. Natural gas prices rose with the demand, the Energy Information Administration said on Tuesday.

“The very cold temperatures widespread from Chicago east are driving up demand for natural gas” and prices, said Tyson Brown, a statistician at the EIA in Washington, according to Bloomberg. “Temperatures look to get a little bit more normal and ease off through the rest of the week.”

In the Midwest refineries that typically churn out 800,000 barrels a day were shutdown. And gas production dropped at wells in the U.S. Rockies, Gulf Coast and Northeast.

Tags Natural gas
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