What an incredible weekend for weather. On the energy front the markets are up slightly over the weekend with the focus on cooler weather in the West and warm weather in the East. An interesting note from Houston based energy trader noted the following, ” A warning was released by German grid operators over the weekend that they may have to reduce power exports as a last resort measure if the (natural gas) situation gets too tight this upcoming winter. This is important because, if this occurs, it will impact surrounding countries such as France and Austria that purchase electricity from them. The impact on France could be greater this winter, too, as French nuclear capacity is currently limited.” (RS)
