As part of a “U.S. Century” fueled by global shale gas dominance, domestic natural gas prices will rise and volatility will return in the next three to five years, a JP Morgan executive told participants at the LDC Gas Forum Mid-Continent in Chicago Tuesday. Colin Fenton did add the caveat that the gas volatility will not be the same as global oil prices, however.
Ceilings
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Senate Democrats Eye Rate Ceilings on Gas Transportation, Power in West
Initiatives in companion energy bills introduced last week by Senate Democrats seeking to reinstitute cost-of-service (COS) rates for wholesale power sales in western markets and rate caps on secondary natural gas transportation to California have raised red flags in both the electric and gas industries.
Senate Democrats Propose Rate Ceilings on Gas, Power
Leading Senate Democrats yesterday introduced two major bills -one addresses supply and demand policy shifts, while the otherproposes a mix of tax incentives – to tackle the escalatingproblems in the nation’s energy sectors.
Richardson: More Help On the Way for Producers
While making clear the administration would not be engaging inany market-rigging through price ceilings or floors, EnergySecretary Bill Richardson said it nevertheless was working onfurther measures to aid the depressed oil and gas industry.