Debate

The global debate about climate change is accelerating, and the odds of binding carbon dioxide (CO2) caps in the United States and elsewhere are rising, but the bullish fundamentals of the oil and natural gas industry will not be impacted anytime soon — in fact, more stringent regulations favor natural gas, according to Raymond James & Associates Inc. energy analysts.

The global debate about climate change is accelerating, and the odds of binding carbon dioxide (CO2) caps in the United States and elsewhere are rising, but the bullish fundamentals of the oil and natural gas industry will not be impacted anytime soon — in fact, more stringent regulations favor natural gas, said Raymond James & Associates Inc. energy analysts.

Traders were prepared for anything Tuesday as the debate swirled on whether there would be enough momentum left from Monday’s natural gas futures price jump to fuel another round of short-covering. The answer, at least for now, is “no,” as the July contract dropped 12.7 cents to settle at $8.064.

The age-old debate over energy development versus environmental preservation was heard again during a Congressional subcommittee hearing on land use issues and onshore oil and gas leasing and development last Thursday in Washington, DC.

The age-old debate over energy development versus environmental preservation was heard again during a Congressional subcommittee hearing on land use issues and onshore oil and gas leasing and development Thursday in Washington, DC.

Following five years of public debate and analysis, the federal government has cleared the way to develop natural gas wells on thousands of acres in a formerly roadless area of the northern San Juan basin.

Following five years of public debate and analysis, the federal government cleared the way Wednesday to develop natural gas wells on thousands of acres in a formerly roadless area of the northern San Juan basin.

Canada’s beleaguered Arctic natural gas development plan has ignited a classic constitutional law debate on federal versus provincial jurisdiction over pipelines — and pleas by project sponsors and supporters to create a special, separate dueling arena for the lawyers.

Putting to rest the heated withdrawal/injection debate of the past week, the Energy Information Administration (EIA) confirmed Thursday morning that storage reverted to net injections for the week ended Nov. 10 with a build of 5 Bcf. As a result, December natural gas sunk lower, putting in a low of $7.720 before settling at $7.755, down 36.5 cents from Wednesday.