A thick coat of solid ice still covers central Oklahoma after three days. Temperatures briefly exceeded 32 degrees today but did nothing to melt the ice. Weather forecasters are predicting a new storm beginning Friday night that will drop 5” to 10” of snow, further exacerbating a winter season that is already proving to be colder than the last bad winter of 1983.
The rest of the nation is also in the throes of its own cold snap. While oil and natural gas prices have dropped, of late, this extended freezing weather will undoubtably put a dent in the Nation’s oil and gas storage, further complicating the game of cat and mouse refiners, producers and traders must play.