Care

The U.S. Environmental Protection Agency (EPA) has been conducting inspections of natural gas development in Washington County, PA, to make sure it complies with federal environmental laws.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

With the Lower 48 taking care of itself with gas from shale plays, it’s looking more like Alaska might be on its own to develop an in-state gasline to meet its own needs rather than a mega project that would cost tens of billions of dollars and move about 4.5 Bcf/d to Canada and the rest of the United States.

As those in favor and against financial market reform laws in the Congress were mustering their troops in Washington (moving in as the health care legions left town), some of those same forces also were weighing in on a separate regulatory action, a proposal by the Commodity Futures Trading Commission (CFTC) to install hard position limits on the futures markets for natural gas, oil and oil products (see NGI, Jan. 18).

As those in favor and against financial market reform laws in the Congress were mustering their troops in Washington (moving in as the health care legions left town), some of those same forces also were weighing in on a separate regulatory action, a proposal by the Commodity Futures Trading Commission (CFTC) to install hard position limits on the futures markets for natural gas, oil and oil products (see Daily GPI, Jan. 15).

As those in favor and against financial market reform laws in the Congress were mustering their troops in Washington (moving in as the health care legions left town), some of those same forces also were weighing in on a separate regulatory action, a proposal by the Commodity Futures Trading Commission (CFTC) to install hard position limits on the futures markets for natural gas, oil and oil products (see Daily GPI, Jan. 15).

Riding high from their success with health care legislation last week, Democrats made overhaul of the financial regulatory system their next priority. The Senate Banking Committee took the first step last Monday, voting out a bill in less than a half hour to enact sweeping reforms. The measure drew fire from the energy industry for its failure to exempt end-users, who use over-the-counter (OTC) derivatives to hedge commercial risk, from the proposed central clearing and trading requirements for the nearly $500 trillion OTC derivatives market.

Turning attention from the war in Afghanistan and health care reform, President Obama on Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.