Determined

Which countries and producers take the lead to meet the world’s energy needs in the next 20 years will be determined by the availability of capital, or lack thereof, because of oil and gas taxes, the chief energy strategist for IHS Cambridge Energy Research Associates (CERA) said last week.

Which countries and producers take the lead to meet the world’s energy needs in the next 20 years will be determined by the availability of capital, or lack thereof because of oil and gas taxes, the chief energy strategist for IHS Cambridge Energy Research Associates (CERA) said Tuesday.

Prices declined by major amounts Tuesday as Tropical Storm Alex refused to become a hurricane and appeared determined to make landfall in northeastern Mexico, well clear of the Gulf of Mexico (GOM) production area. Also, heat levels, while still fairly warm in the southern U.S., had receded to some extent since last week.

If Congress is determined to grant commercial end-users an exemption from mandatory clearing of over-the-counter (OTC) derivatives or swaps under financial reform legislation, the end-users still should be required to report their trades, said the head of the Commodity Futures Trading Commission (CFTC) Friday.

If Congress is determined to grant commercial end-users an exemption from mandatory clearing of over-the-counter (OTC) derivatives or swaps under financial reform legislation, the end-users still should be required to report their trades, said the head of the Commodity Futures Trading Commission (CFTC) Friday.

If Congress is determined to grant commercial end-users an exemption from mandatory clearing of over-the-counter (OTC) derivatives or swaps under financial reform legislation, end-users still should be required to report their trades, said the head of the Commodity Futures Trading Commission (CFTC) Friday.

ANR reported that based upon review of its operations and an increase in hydrocarbon dew point (HDP) levels experienced from processing plant operations, it has determined that hydrocarbon liquid fallout is anticipated absent an HDP posting. Thus, effective Friday ANR is establishing an HDP limit of 25 degrees F for receipts between the Defiance and Eunice monitoring points in South Louisiana. This limit, which will not apply to receipt meters flowing 500 Dth/d or less, will remain in effect through Dec. 31, ANR said. See the bulletin board for further details.

An analysis of Gulf of Mexico (GOM) oil and natural gas production data spanning 45 years determined that the average annual impact from hurricanes is “relatively modest,” and the impact on supply is “typically short-lived,” according to energy consultant IHS.

Energy Transfer Partners LP (ETP), in a much-anticipated response to a FERC show cause order, said last Tuesday the agency’s “theory of the case” that caused it to charge the company with manipulation of natural gas prices was completely wrong, and it called for an immediate dismissal of the charges. The Dallas-based energy company also sought a subpoena to compel Platts, publisher of Inside FERC’s Gas Market Report and Gas Daily, to turn over evidence in the enforcement case.