With crude futures continuing to make new highs as violence in the Middle East escalated, natural gas futures also climbed Friday as August natural gas closed out the week on a strong note. Supported by significant heat in a number of U.S. regions, prompt month natural gas ended up settling at $6.347, up 21.8 cents on the day and 82.4 cents higher than the previous week.
Escalated
Articles from Escalated
TransCanada Toll Issues Critical
While still new in Canada, competition has escalated in naturalgas transportation to the point where some big shippers say theyface a “rate shock” of steep toll increases later this year. TheCanadian Industrial Gas Users Association says “disruptive” hikesare coming unless TransCanada PipeLines Ltd. is immediately bailedout with an “interim” raise to spread its losses from the rivalrythinner over all of 2001.
TransCanada Toll Issues Considered Critical
While still new in Canada, competition has escalated in naturalgas transportation to the point where some big shippers say theyface a “rate shock” of steep toll increases later this year. TheCanadian Industrial Gas Users Association says “disruptive” hikesare coming unless TransCanada PipeLines Ltd. is immediately bailedout with an “interim” raise to spread its losses from its rivalsover all of 2001.
Hebert Talks to Bush Team
With the Supreme Court decision in effect handing the presidencyto Texas Gov. George W. Bush, speculation has escalated inWashington D.C. over who will be named the next FERC chairman undera Republican administration.
IOGCC Calls for National Energy Policy
Coming at a time when a national plan is gathering more supportas energy prices have escalated at the pump and in homes andbusinesses, the governors of the 30 U.S. oil and gas producingstates this week began their push for an official national energypolicy, offering their own four-pronged strategy.
War of Words over Southwest-Oneok Merger Heats Up
The war of words over the controversial Southwest GasCorp.-Oneok Inc. union escalated last week. It began with ChairmanCarl J. Kunasek of the Arizona Corporation Commission (ACC) firingoff letters to the two merger partners asking them to agree to letSouthern Union (SU), the unsuccessful suitor for Southwest Gas,intervene in the ACC proceedings involving the proposed merger.Both Southwest Gas and Oneok not only objected to the chairman’srequest, but also challenged Southern Union to prove “once and forall” its allegations that ACC officials – at the request of Oneok -illegally influenced Southwest’s choice of merger partner.