Again

The mayor of Jersey City, NJ, again has asked FERC to reject the expansion of its Texas Eastern Transmission (Tetco) and Algonquin Gas Transmission interstate pipeline systems to serve the New Jersey and New York markets with natural gas from the Marcellus Shale.

The mayor of Jersey City, NJ, again has asked FERC to reject the expansion of its Texas Eastern Transmission (Tetco) and Algonquin Gas Transmission interstate pipeline systems to serve the New Jersey and New York markets with natural gas from the Marcellus Shale.

The members of the Delaware River Basin Commission (DRBC) likely knew what would happen once they issued their 83-page proposed rulemaking to conditionally allow natural gas drillers to tap into the watershed.

If at first you don’t succeed, try, try again; that might as well have been the motto of natural gas futures bulls as their third consecutive attempt for a January settle north of resistance at $4.500 proved successful on Wednesday. The prompt-month contract recorded a high of $4.614 before closing the day’s regular session at $4.606, up 21.3 cents from Tuesday’s finish.

Gas-fired power generators that enjoyed eating coal’s cake last year will have the opportunity again next year as “there will be too much gas supply in 2011 not to boost displacement back to about 2009 levels, assuming normal weather next year,” Barclays Capital analysts said in a note Tuesday.

Republican control of the U.S. House of Representatives in the incoming 112th Congress means the Obama administration likely will be unsuccessful in attempting again to prop up the budget with new taxes on the oil and gas industry.

Citing the need for a national clean energy standard, NRG Energy Inc. CEO David Crane lashed out (again) Wednesday at what he calls the “tyranny of natural gas” as part of his pitch for Congress to consider not only a national renewable energy standard, but a clean energy standard including all zero-emission options, such as nuclear generating plants.

After ending a previous systemwide Stage 2 high-inventory OFO Thursday, Pacific Gas and Electric issued a new one for Friday. Penalties again were set at $1/Dth for exceeding a 12% tolerance on positive daily imbalances.

Shell Offshore Inc. again has asked federal authorities for permission to drill a single, shallow-water exploration well in the Beaufort Sea offshore Alaska.