Enough

BP plc CEO Tony Hayward told employees Tuesday in an e-mail that the London energy giant has enough funds to cope with the costs related to the devastating oil spill in the Gulf of Mexico (GOM).

The Energy Information Administration’s (EIA) recent downward production revision probably wasn’t steep enough, according to EOG Resources Inc., which last week reported a 4.8% decline in its own first quarter natural gas production.

The Energy Information Administration’s (EIA) recent downward production revision probably wasn’t steep enough, according to EOG Resources Inc., which on Tuesday reported a 4.8% decline in its own first quarter natural gas production.

Democrats Tuesday fell short of winning enough votes to move forward with limited debate on their sweeping legislation to reform the financial regulatory system.

Democrats Tuesday fell short of winning enough votes to move forward with limited debate on their sweeping legislation to reform the financial regulatory system.

The only way to get rid of enough gas this year in order to keep supply from exceeding storage cavern capacity is for coal-fired power generators to back down like they did last year and make room for more generation from gas-fired plants, analysts at Barclays Capital said last week when they cut their 2010 gas price forecast to $4.17/MMBtu.

Despite a little prior-day screen support, the cash market finally had to acknowledge Wednesday that it wasn’t getting enough weather-based demand to sustain the moderate rally of the first two days of the week. A few flat to nearly a nickel higher quotes were overwhelmed by softening everywhere else.

The only way to get rid of enough gas this year in order to keep supply from exceeding storage cavern capacity is for coal-fired power generators to back down like they did last year and make room for more generation from gas-fired plants, analysts at Barclays Capital said Tuesday.

Despite a little prior-day screen support, the cash market finally had to acknowledge Wednesday that it wasn’t getting enough weather-based demand to sustain the moderate rally of the first two days of the week. A few flat to nearly a nickel higher quotes were overwhelmed by softening everywhere else.