The gas market never ceases to amaze observers, but the Jan. 12-16 period could go down as among the more bizarre situations on the books, with record cash prices and gas demand in the Northeast and plummeting near-month futures. Over the last five trading days, the futures market lost $1.35 in value, or about 19%, since the close on Jan. 9, despite what many would consider very bullish fundamentals.
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BP Ceases All Political Donations; Cites Government Integrity
BP CEO Sir John Browne said in a speech last week in London that his company no longer would make political contributions anywhere in the world. He said BP’s policy shift reflects a desire to help preserve, or perhaps restore, the “legitimacy” of the political process and of governments around the world, but particularly in the United States, which is where most of BP’s political donations have been directed.
BP Ceases All Political Donations; Cites Government Integrity
BP’s CEO Sir John Browne said in a speech Wednesday in London that his company no longer would make political contributions anywhere in the world. He said BP’s policy shift reflects a desire to help preserve, or perhaps restore, the “legitimacy” of the political process and of governments around the world, but particularly in the United States, which is where most of BP’s political donations have been directed.
Alcoa Ceases Aluminum Production in the Pacific Northwest
Alcoa Inc. has recently agreed to shut down an energy-intensive aluminum smelter in Washington to help ease the growing power crunch in the Pacific Northwest region.
Alcoa Ceases Aluminum Production in the Northwest
Alcoa Inc. has agreed to temporarily shut down an energy-intensive aluminum smelter to help ease the growing power crunch in the Pacific Northwest region.
San Juan Production Still Gaining Ground
The longevity of the San Juan Basin never ceases to amaze mostindustry observers. Like the Denver Broncos’ John Elway, thewestern producing basin in New Mexico and Colorado just seems tokeep coming back each year to produce even more despite its age andthe endless predictions of its degeneration by its critics.