Evidenced

Natural gas supply is still well outpacing demand as evidenced by Thursday morning’s news that a whopping 87 Bcf was injected into underground storage for the week ending April 9. The larger-than-expected build thrust near-month natural gas futures values back below $4.

The 11 member countries of what has come to be known as a natural gas version of the Organization of Petroleum Exporting Countries (OPEC) appear to be better organized as evidenced by last Wednesday’s election of Russia’s Leonid Bokhanovsky as the Gas Exporting Countries Forum’s (GECF) first secretary general.

The 11 member countries of what has come to be known as a natural gas version of the Organization of Petroleum Exporting Countries (OPEC) appear to be better organized as evidenced by the Wednesday election of Russia’s Leonid Bokhanovsky as the Gas Exporting Countries Forum’s (GECF) first secretary general.

Turning its back on “group think” evidenced in a recent series of winter weather forecasts, WxRisk.com last week said it expects the Midwest — not the East — to experience the coldest temperatures relative to normal this winter.

Turning its back on “group think” evidenced in a recent series of winter weather forecasts, WxRisk.com on Monday said it expects the Midwest — not the East — to experience the coldest temperatures relative to normal this winter.

Everything is relative as evidenced by Sempra Energy senior management feeling good about a $740 million settlement of more than $1.36 billion in lawsuits and writing down another $64 million against second quarter earnings to account for part of an underground natural gas storage project that proved uneconomic.

Everything is relative as evidenced by Sempra Energy senior management feeling good about a $740 million settlement of more than $1.36 billion in lawsuits and writing down another $64 million against second quarter earnings to account for part of an underground natural gas storage project that proved uneconomic. All in all, the San Diego-based energy holding company last Friday posted solid, if reduced, results quarter-over-quarter (see Daily GPI, Aug. 3).

As evidenced by a group of awards at the most recent meeting of the California Public Utilities Commission (CPUC) earlier this month, the now three-decade-old practice of reimbursing consumers and consumer organizations for their contributions to various regulatory cases is still a thriving business in the state, totaling more than $3.7 million awarded by the CPUC last year.

The global economic depression caught up with commodity exchange operators in late 2008 as evidenced by the 4Q2008 net income reductions reported by rivals Atlanta-based IntercontinentalExchange Inc. (ICE) and Chicago-based CME Group.