The Energy Report for Monday, January 4, 2010

By Phil Flynn
04 January 2010 @ 09:54 am EDT

A new decade begins in energy trading with new challenges and obstacles in the markets' mission to assure the availability of supply. As the new decade begins, the greatest challenges ahead are said to be "peak oil" and global warming yet today the new decade in energy starts out worrying about the cold. The oil market and heating oil markets are soaring as the country is getting a big chill from coast to coast. The cold weather has gone global with cold temperatures even being reported in the Europe and China. In the short term the polar bears have nothing to worry about as global warming takes an extended holiday.

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