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Strategies & Market Trends : Natural Resource Stocks
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Chartgod
isopatch
To: Chartgod who wrote (109038)2/7/2026 7:44:26 PM
From: DinoNavarre2 Recommendations   of 109052
 
Plenty of the dual fuel guys burning oil in the Northeast.....

From Gemini:
This winter, the Northeast U.S. has experienced a dramatic surge in oil burning, primarily driven by Winter Storm Fern in late January 2026. While oil typically accounts for less than 1% of the region's annual power, it became a critical lifeline during recent arctic blasts.

Key Trends This Winter

  • Grid Reliability: During peak stress from Winter Storm Fern (Jan 24–28, 2026), oil-fired power plants provided up to 44% of total electricity in parts of the Northeast. In New England, oil generation jumped from near zero to roughly 35%–40%.
  • Fuel Switching: High demand for natural gas to heat homes led to pipeline constraints and skyrocketing gas prices. This made it more economical for grid operators like ISO New England to dispatch older oil-burning plants.
  • Inventory Concerns: Heavy usage during the storm depleted fuel oil reserves at New England power plants from 43% of capacity in mid-January to just 21% by early February, the lowest level in over a year.
  • Supply Chain Efforts: The U.S. Coast Guard launched Operation RENEW 2026 to break ice in waterways and ensure heating oil continues to flow to the 33 million residents who depend on it.


Cost & Environmental Impact

  • Price Volatility: Localized heating oil prices jumped by roughly 35 cents per gallon in late January due to high demand and delivery challenges caused by snow.
  • Emissions: The sudden shift to oil caused carbon dioxide emissions to triple during the storm's peak, reigniting debates over the region's delayed transition to offshore wind and other renewables.


Regional Outlook

The Energy Information Administration (EIA) initially forecast lower heating oil expenditures for the 2025–2026 season due to lower crude prices, but extreme weather events like Winter Storm Fern have introduced significant price volatility.
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