Above

The Horn River Basin (HRB) Shale — in the northeastern corner of British Columbia (BC) snug up against the Northwest Territories border and not far west of the Alberta line — is quite a bit more remote than other North American plays. There’s also not a lot of processing facilities in the area, and it’s far from being at a pipeline crossroads.

Wind and solar projects now being approved in California are mostly above the state’s market price referent (MPR), which is supposed to keep them cost-effective, a state regulator told an energy conference in San Francisco Monday.

Wall Street kept its head above water Tuesday as Senate Democrats failed once again to get the 60 votes necessary to overpower Republican opposition and move on to a debate of proposed sweeping legislation to reform the financial regulatory system.

Wall Street kept its head above water Tuesday as Senate Democrats failed once again to get the 60 votes necessary to overpower Republican opposition and move on to a debate of proposed sweeping legislation to reform the financial regulatory system.

March natural gas futures are expected to open 4 cents lower Friday morning at $5.36 as traders discount a government storage report expected to show an above-normal weather-driven storage pull. Overnight petroleum markets weakened.

March natural gas futures are expected to open 4 cents lower Friday morning at $5.36 as traders discount a government storage report expected to show an above-normal weather-driven storage pull. Overnight petroleum markets weakened.

Faced with a widening budget deficit that some analysts place above $20 billion in the new year, California Gov. Arnold Schwarzenegger indicated that he is revisiting a proposal to expand offshore drilling in order to generate more than $200 million of revenues. A proposal to open drilling offshore Santa Barbara County early in 2009 was rejected by the State Lands Commission.

Faced with a widening budget deficit that some analysts place above $20 billion, California Gov. Arnold Schwarzenegger is revisiting a proposal to expand offshore drilling in order to generate more than $200 million of revenues. A proposal to open drilling offshore Santa Barbara County earlier this year was rejected by the State Lands Commission (see Daily GPI, Feb. 2).

The National Weather Service may have been off a bit when it predicted above-normal temperatures during the current workweek in nearly all of the eastern three-fourths of the United States. (see Daily GPI, Nov. 12). Traders returned from rather mild weekends in many cases to find forecasts of Tuesday lows in the 20s, 30s and 40s in Canada and most of the northern U.S., spreading as far south as the Midcontinent and Texas. The result was flat to much higher prices at all points Monday.