Concern

Two top Texas congressmen, both Republicans, have expressed their “deep concern” about the $18.5 billion bid for Unocal Corp. by the China National Offshore Oil Corp. (CNOOC) in a letter to President Bush.

The debate over how to stabilize natural gas prices “needs to be elevated, not isolated,” because concern about higher prices is coming not only from industrial customers but also commercial and residential consumers and eventually could grow into a groundswell of discontent, the chairman of the Process Gas Consumers Group said Thursday.

The debate over how to stabilize natural gas prices “needs to be elevated, not isolated,” because concern about higher prices is coming not only from industrial customers but also commercial and residential consumers and eventually could grow into a groundswell of discontent, the chairman of the Process Gas Consumers Group said Thursday.

Volatile oil and natural gas prices, along with a growing concern that interest rates are moving up, appeared to send U.S. stocks down across the board for the third straight day Monday, with some prices at their lowest level in a year. Only a few energy companies — integrateds and utilities — posted any gains, while the producers took the biggest hit.

ISO New England Inc. (ISO-NE) last week said that the region’s electricity supplies this summer should be adequate to meet expected electricity use, but also warned that transmission constraints in Southwest Connecticut could require that ISO-NE implement operating procedures to help maintain reliability in that area.

Mexican President Vicente Fox remains adamant about adopting energy reforms, expressing concern last week about the country’s growing importation of natural gas.

Mexican President Vicente Fox remains adamant about adopting energy reforms, expressing concern this week about the country’s growing importation of natural gas.

Sen. Pete Domenici (R-NM) expressed concern last Thursday that patience is running out for the Senate to pass energy legislation in a comprehensive form.

Sen. Pete Domenici (R-NM) expressed concern Thursday that patience may be growing short for the Senate to pass energy legislation in a comprehensive form.