Oil and natural gas investors are evaluating predictions by Joe Bastardi that the 2008-2009 winter will be one of the coldest of the past decade.
Bastardi predicts severe cold to arrive to the East in December and for the Midwest and East to experience one of the most frigid winters in years.
Cold weather leads to increased energy usage with heating oil (distillates) being primarily used in the East and natural gas being favored in the Midwest.
Bastardi states: "The winter as a whole in the population-dense Eastern third of the nation will be a one-two punch of higher heating prices and lower temperatures,"
