So, here we are in Washington, sweating away in what is being called Red October for its record temperatures. Fall is reportedly actually on the way soon, but its looking like a mild winter on the East Coast this year.
According to the Wall St. Journal, seasonal forecasts from the the National Weather Service call for above-normal temperatures in the Northeast, the world’s largest heating-oil market, from September to December and hint this could continue through March.
Meanwhile, the United Kingdom government’s Met Office views above-normal temperatures as more likely then below-normal temperatures over much of Europe, although the weather is expected to be colder than last year.
This reduction in use may add up to a drop in the price of oil which of course would in theory lead to an increase in demand, which would emit more carbon thus warming the planet more.
An under-reported positive feedback?
I have no trouble with believing this!
Yeah if we don’t wake up an do something about this we will be toaste
Mere postulation, as the oil price will drop in near term anyway due to being overbought by traders & speculators. What goes up must come down – a simple law of physics !
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