As winter approaches it may be only a matter of time before the gas market bears run out of fundamentals pointing in their favor, but right now offshore gas production shut-ins are falling steadily, Texas production is on the rise, and the warm weather and downward price pressure continues.
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Articles from Favor
Native American Tribe Gives LNG Industry First Victory in Maine
The liquefied natural gas (LNG) industry finally put points on the board in Maine on Thursday night when the Passamaquoddy Native American tribe voted 4-3 in favor of a new agreement with Oklahoma-based Quoddy Bay LLC to build an LNG import terminal at Split Rock on the Pleasant Point reservation.
May 23, 2005
Native American Tribe Gives LNG Industry First Victory in Maine
The liquefied natural gas (LNG) industry finally put points on the board in Maine on Thursday night when the Passamaquoddy Native American tribe voted 4-3 in favor of a new agreement with Oklahoma-based Quoddy Bay LLC to build an LNG import terminal at Split Rock on the Pleasant Point reservation.
May 23, 2005
Futures Rise as Storage Shelved in Favor of Weather Picture
Shrugging off what appeared on face value to be a bearish natural gas storage report, February natural gas futures on Thursday morning chose to follow the weather story instead, jumping significantly higher following two consecutive days of decline. The prompt month peaked at $6.52 on the session before settling at $6.445, up 50.2 cents from Wednesday’s settle.
January 14, 2005
Key Precedent Seen in Court Ruling on FERC-CAISO Governance Issue
Each side got something and the industry may have gotten what one energy legal observer called an “important precedent” in last week’s DC Circuit federal appeals court ruling (June 22) that FERC doesn’t have the authority to force California’s electric transmission grid operator, CAISO, to revise its state-mandated governing board, noting that the federal regulatory panel lacks the authority and was “over-reaching” in attempting to do so the past three years.
June 28, 2004
Futures Dump Storage in Favor of Trading Higher With Crude
When forced to make a decision between running lower on fairly bearish natural gas storage news or trading higher on influence from the crude oil futures market, July natural gas futures chose the latter, notching a high on the day of $6.22 before settling at $6.176, up 9.4 cents.
June 14, 2004
New Homes Continue to Favor Gas Heat
Natural gas and propane were the preferred source of home heating for seven of every 10 single-family homes built in 2003, according to the U.S. Census Bureau’s latest “Characteristics of Housing” report. The study also found that gas was also the choice for a majority of multi-family homes built that year.
June 14, 2004
New Homes Continue to Favor Gas Heat
Natural gas and propane were the preferred source of home heating for seven of every 10 single-family homes built in 2003, according to the U.S. Census Bureau’s latest “Characteristics of Housing” report. The study also found that gas was also the choice for a majority of multi-family homes built that year.
June 9, 2004
Environmentalists Attack BLM Plan to Open Southern New Mexico to Drilling
Charging the Bush administration with pushing federal actions that favor a large political contributor, environmental groups have attacked the Bureau of Land Management’s (BLM) plan to open up a two counties, Otero and Sierra, in southern New Mexico to oil and gas drilling.
March 15, 2004
Environmentalists Attack BLM Plan to Open Southern New Mexico to Drilling
Charging the Bush administration with pushing federal actions that favor a large political contributor, environmental groups have attacked the Bureau of Land Management’s (BLM) plan to open up a two counties, Otero and Sierra, in southern New Mexico to oil and gas drilling.
March 9, 2004
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