Again

The Energy Information Administration (EIA) last week once again cut its projected outlook for Henry Hub natural gas prices in 2010.

With service costs once again escalating onshore, “joint ventures are still in vogue” and some producers are prowling for investors, SunTrust Robinson Humphrey/Gerdes Group (STRH) said last week.

With service costs once again escalating onshore, “joint ventures are still in vogue” and some producers are prowling for investors, SunTrust Robinson Humphrey/Gerdes Group (STRH) said this week.

After tripling over the last 10 years, natural gas use by Alberta thermal oilsands production will nearly double again in the coming decade, predicts the province’s Energy Resources Conservation Board (ERCB).

After tripling over the last 10 years, natural gas use by Alberta thermal oilsands production will nearly double again in the coming decade, predicts the province’s Energy Resources Conservation Board (ERCB).

Thursday’s cash market was a near-repeat of the one a day earlier. Flat to modestly higher numbers again dominated at eastern points, while most of the moderate softness remained concentrated in the West.

Nearly all of the cash market again saw substantive upticks Tuesday, drawing support from a 22.5-cent spike by July futures a day earlier and a fairly large amount of cooling demand from hot weather across most of the southern half of the U.S. Although chances of storm development were being discounted, some traders may have considered a low-pressure area in the Atlantic Ocean as an additional bullish factor.

While current lower prices and potentially boundless natural gas resources are helping to make the United States once again an attractive manufacturing site, companies like Dow Chemical are withholding new commitments until they see government policies leading to a stable market for the long term.

While current lower prices and potentially boundless natural gas resources are helping to make the United States once again an attractive manufacturing site, companies like Dow Chemical are withholding new commitments until they see government policies leading to a stable market for the long term.