December forecast to be coolest since 2010 despite warm tail Power, gas markets to be well-supplied unless cold is extreme Europe’s coldest December for seven years is unlikely to derail what will probably be one of the warmest years on record. In a last chilly blast, the first half of this month will be unusually cold before warming to near normal temperatures, according to eight meteorologists surveyed by Bloomberg. December may still be the coolest since 2010 as high pressure near Iceland and northwest Russia funnels arctic winds south, said Tyler Roys, an Accuweather Inc. meteorologist in State College, Pennsylvania. While Europe is seen well-supplied for electricity this winter and natural gas stocks are higher than average for the time of year, those buffers could be tested in extended spells of extreme cold. China forecasts it will have gas shortages this winter, which may mean competition with Europe for […]