Cheap

The era of cheap natural gas is over, most would say. Talk of a 32 Tcf market by 2015 has been supplanted, in part, by a growing debate over how best to encourage efficiency and conservation among consumers.

ChevronTexaco Corp. CEO Dave O’Reilly said Tuesday that with the era of “cheap oil and even cheaper natural gas clearly ending,” the United States has to enact a strong energy policy to ensure its security and its economic future.

ChevronTexaco Corp. CEO Dave O’Reilly said Tuesday that with the era of “cheap oil and even cheaper natural gas clearly ending,” the United States has to enact a strong energy policy to ensure its security and its economic future.

A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.

A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.

After navigating California regulatory maze successfully withsome precedent-setting environmental planning, the backers of thefirst new power plant slated for electron-starved San Diego Countystill have some difficult decisions ahead regarding gas supply forthe 500-MW Otay Mesa generating plant.

After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year last week because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.

After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year yesterday because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.

After navigating California regulatory maze successfully withsome precedent-setting environmental planning, the backers of thefirst new power plant slated for electron-starved San Diego Countystill have some difficult decisions ahead regarding gas supply forthe 500-MW Otay Mesa generating plant.