After glutted markets and gutted prices for natural gas cut the cost motive, environmental anxiety still drives an accelerating Alberta quest to reduce fuel consumption by oilsands projects.
Drives
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EIA Initiative to Assess Energy Price Drivers, Including Speculation
The Energy Information Administration (EIA) last Wednesday launched an initiative aimed at improving its ability to understand and analyze what drives energy prices, including speculation and hedging.
EIA Initiative to Assess Energy Price Drivers, Including Speculation
The Energy Information Administration (EIA) Wednesday launched an initiative aimed at improving its ability to understand and analyze what drives energy prices, including speculation and hedging.
Energy Companies, Environmentalists Unite for Cap-and-Trade Emissions
A group of influential U.S. corporations, including top oil and gas and power companies, Thursday joined environmental organizations to offer a detailed blueprint for the incoming Obama administration that, among other things, calls for a cap-and-trade system to cut 2005 greenhouse gas (GHG) emissions levels 42% by 2030 and 80% by 2050.
NGI The Weekly Gas Market Report
Workers Smell Money in the Oil Patch Again
Demand drives prices up, which spurs investment, which creates more supply: barrels, Btus… and employees. The energy industry will find itself seriously short of a variety of skilled and professional employees for quite some time, but the supply response is ratcheting up in a number of ways.
Energy Workforce: The Supply Response has Begun
Demand drives prices up, which spurs investment, which creates more supply: barrels, Btus… and employees. The energy industry will find itself seriously short of a variety of skilled and professional employees for quite some time, but the supply response is ratcheting up in a number of ways.
TX, NM Success Drives Southwestern’s Higher Production in 2Q
Boosted by successful drilling in the Overton Field of East Texas and its higher production volumes in the River Ridge discovery in New Mexico, Houston-based Southwestern Energy said Friday it recorded record production results in the second quarter, with natural gas and oil output up 25% over the same period a year ago.
Storage Forgotten As Crude Sell-Off Drives Nat Gas Futures
With the middle-of-the-road natural gas storage report unable to exert any influence on the natural gas futures market, the newly-minted prompt month was left with no other choice than to follow big brother crude’s lead lower in Thursday trading.
Supportive Forecasts Reminds Traders What Really Drives Natural Gas Prices
Bullied by the one-two combination of cooler weather forecasts and speculative fund buying, the natural gas futures market accelerated higher Tuesday in a session marked by light activity and choppy trading action.
Fund Buying Drives Futures 31.5 Cents Higher
Feeding off Thursday’s late-day price surge, the natural gas futures market soared higher Friday as fund traders covered shorts on increasingly constructive technical factors. The rally came as a surprise to traders — many of whom had favored a delayed bearish reaction to the seemingly price-negative storage news received by the market Thursday morning (32 Bcf injection).