Many have heard of the American band formed out of Chicago in 1969 as their music spanned multiple genres and are among the best-selling bands of all time. Some of their songs that might resonate are titled ‘That's the Way of the World’, ‘Shining Star’ and ‘Mighty Mighty’, all of which take on a meaning this past January in the energy sector. ‘That's the Way of the World’ (Earth) is tied to how extreme events, including frigid cold weather are the cornerstone of North America's supply/demand balancing. ‘Shining Star’ (Wind) is associated to the renewable sector, which this January was able to perform at a high level. Finally, ‘Mighty Mighty’ (Fire) is straight forward when it comes to the situation hitting Southern California this month while another attribute of the song reflects the transition of power as the new president-elect has hit the ground running and seems to be firing on all cylinders when it comes to the energy sector.
Figure 1 | Cold Weather, Solar and Fires
The winter music tied to weather will continue to play as the Pacific Northwest and Western Canada are experiencing below normal temperatures while the rest of the country is bracing for another short sprint of chilly conditions that range from the Upper Midwest to the Northeast and drop down into the Plains. The dry conditions that played out last month look to be in place, which means clear skies will deliver more renewable output while the blazes tied to California’s devastation are now fully contained.
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