A new contender has stepped forward to help complement the ever dwindling conventional natural gas supplies in the main Canadian producing province of Alberta — coal gasification, on a large scale.
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Dow Exec Says Chemical Industry Wants Solution to High Gas Prices
The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said last week.
Dow Exec Says Industry ‘Challenged’ by High Gas Prices
The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said Tuesday.
Weekend Prices Bow to Weak Influences
Following four days of impressive strength, cash prices finally succumbed Friday to dwindling weather-based load, a prior-day screen decline of 12.8 cents and the usual decline of industrial demand associated with a weekend. Large declines across the board ranged from about 20 cents to a little more than 60 cents.
Screen, Waning Heat Boost Quotes at All Points
Prices rose across the board Tuesday based on a screen spike of nearly 33 cents the day before and still substantive (but dwindling) air conditioning load. Upticks ranging from nearly a dime to a little more than 40 cents were distributed fairly evenly among the various market regions, although California quotes tended to see the smallest increases.
Fading Support Forces Cash Prices Much Lower
As sources had expected, the cash market succumbed to weak weather fundamentals and dwindling energy futures support Tuesday by staging a major retreat. Virtually all points saw double-digit declines ranging from about 15 cents to half a dollar or so
Milder Weather, Futures Take Prices Lower
Dwindling heating demand, energy futures weakness the day before and the loss of industrial load that typifies a weekend market all came into play as prices fell across the board Friday. Declines were remarkably consistent through virtually all geographic areas in ranging from a little more than a dime to about 30 cents.
Microsoft CEO Touts Innovation, IT to Grow a Smaller Energy Workforce
The oil and natural gas industry faces a huge talent crunch in the next five years, with 50% of the industry workforce eligible to retire coupled with dwindling enrollment in undergraduate petroleum engineering programs. However, Microsoft Corp. CEO Steve Ballmer said that savvy companies should use growing energy information technology to bridge the generation gap and to secure an ample Web-based global workforce.
Microsoft CEO Touts Innovation, IT to Grow a Smaller Energy Workforce
The oil and natural gas industry faces a huge talent crunch in the next five years, with 50% of the industry workforce eligible to retire coupled with dwindling enrollment in undergraduate petroleum engineering programs. However, the CEO of Microsoft Corp. said that savvy companies should use growing energy information technology to bridge the generation gap and to secure an ample Web-based global workforce.
Customer Confidence Still Lacking, Gas Experts Find
North America’s apparent dwindling natural gas reserves pose a long-term challenge, but continued price volatility, contractual uncertainty and growing political pressure for regulators to “do something” also have to be addressed to restore confidence in the marketplace, an industry panel concluded Thursday.