“Power Bills To The Moon”: Chaos, Shock As Electricity Prices Across US Explode, by Tyler Durden

A lot of people may have trouble getting head during a mammoth Arctic cold spell across the Midwest and South. This could get quite serious and potentially deadly. From Tyler Durden at zerohedge.com:

Updated (1726 ET): Weather forecast models suggest the polar vortex will continue pouring Arctic air into much of the central US through Feb. 20. This means nat gas prices could rise even higher early next week as electricity demand continues to soar over the weekend as Americans crank up their thermostats and watch Netflix shows or mine Bitcoin.

* * *

On Thursday, when we reported that nat gas prices across the plains states had soared to never before seen levels as a result of a brutal polar vortex blast…

… which literally froze off nattie supply as wellheads freeze-offs, cutting production receipts just when they’re most needed by customers’ demand for heating, we said that since the winter blast is expected to last for the duration of the week, it is likely that nattie prices across the plains states could hit GME batshit levels.

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