Episode 133: What’s Driving Energy Costs? An Update on Natural Gas, Oil & Electricity

Episode 133 of “Building Knowledge” provides an update on energy costs and the factors affecting the Natural Gas, Heating Oil, and Electricity markets for building owners, managers, businesses, and consumers. The episode also examines how the ongoing conflict in the Middle East continues to impact energy markets and prices.Our guest is Tim Connors, Vice President of Slattery Energy Consulting Group, Inc.Topics discussed during the episode include:The Natural Gas Market: The latest market conditions, what is driving the market, and what they mean for building owners, managers, businesses, and consumers.The Oil Market: Current conditions, key market drivers, and what they mean for Heating Oil customers.The Electricity Market: An update on current conditions and what customers can expect.Regional Energy Costs: Why different areas of the Northeast are experiencing varying costs for Natural Gas, Heating Oil, and Electricity.Managing Energy Costs: Actions consumers can take to help manage their energy expenses.New York City Power Markets: Why the power markets in the New York City area continue to carry elevated risks.Middle East Conflict: How the ongoing, on-again, off-again conflict in the Middle East is affecting energy markets and costs.Venezuela’s Oil Reserves: Tim Connors’ perspective on whether the recent deal for the U.S. government to take a stake in Venezuela’s oil reserves could benefit gas prices and help replenish the U.S. Strategic Petroleum Reserve, which has fallen to historically low levels.Looking Ahead: Tim Connors’ overall energy concerns for the New York metropolitan area and the United States in the weeks and months ahead.