Title: ENSO ALERT: El Niño Ahead?
Publication: The Outcrop, October 2001, p. 17
NOAA’s Climate Diagnostic Bulletin (7/2001) notes accelerated sea surface temperature warming in the central Pacific and forecasts a mild El Niño event for the winter of 2001-2002. Recent El Niño events (1991-92, 1994-95 and 1997-98) shifted the Pacific Jet stream southward, changed the storm track across the western US and caused unusually warm winters in the Great Lakes region. Natural gas spot prices and gas company profits slumped, followed by mergers, reorganizations and layoffs. It would be wise to switch to defensive strategies, hedge your gas prices and watch carefully to see how this El Niño event develops. For more information about the ENSO Cycle, find a copy of the RMAG 2001 Guidebook Gas in the Rockies and browse through Michael Wilson’s article, “Correlation of the ENSO Cycle with US Gas Demand.”