We finally got some much anticipated snow here in Western Canada. A lot of snow certainly can be a problem for cities because it slows down traffic, can be costly, cause accidents, school closures, etc. But a little snow is fun, and doesn’t hurt anyone. There are lots of international people in the city who have never seen snow before.
From an investment point of view, I love snow. This winter so far has been relatively warm in North America. The US only had one snow storm that I’ve heard about and Canada hasn’t gotten much snowfall either. This means that temperatures have been warmer than historic averages. This leads to people not using as much heat in their homes, which lowers the demand for natural gas (ಠ_ಠ )
|Most popular song on Canadian radio|
I have been, and still am, a big advocate of natural gas which is a cheap and relatively clean source of energy. I’ve invested over $4,000 into this sector. Winter is usually a good time for natural gas but not so this year. New technologies like fracking have increased the supply of gas, combined with the lower than expect demand, it snow wonder the price of gas has been falling like crazy. So I’m glad we are finally getting colder temperatures outside. They say winter is coming this year with a vengeance. Fellow Vancouver residents, prepare yourself for a freezing week ahead. Icy that other places in the country are also reporting colder weather in their forecast. Maybe we’ll see a change in natural gas prices soon. But I am investing for the long run so I’m not worried either way. If gas becomes cheaper I will invest more into gas producing companies.