Curse

The recession has delivered to natural gas end-users some of the lowest commodity prices they’ve seen in years. However, the gift comes with the curse of sharply reduced demand for their own products in many cases. Of course, end-users are still buying fuel and feedstock, just less of it. And they’re still vigilant in defending their interests when it comes to supply procurement.

Money is flowing back into the exploration and production (E&P) business in Houston “like Niagara Falls,” and the curse that Enron left on the merchant energy business is beginning to dissipate. Investment banks clearly don’t want it ever to return again, according to energy analyst John Olson of Houston-based Sanders Morris Harris.

Money is flowing back into the exploration and production (E&P) business in Houston “like Niagara Falls,” and the curse that Enron left on the merchant energy business is beginning to dissipate. Investment banks clearly don’t want it ever to return again, according to energy analyst John Olson of Houston-based Sanders Morris Harris.