Forcefully

The natural gas industry has faced tight credit markets before and lived with low prices, but never so forcefully at the same time. As a result, the outlook for drilling in the coming year is dicey at best, and the pullback in rigs will accelerate through 2009, Barclays Capital analysts noted in a report.

California’s governor weighed in more forcefully last week inthe continuing summer electricity rate shock plaguing the southernend of the state and calling into question the future of thestate’s four-year electric industry restructuring. A virtual flurryof state activity is expected this week at four different stateagencies and at the state legislature, which returns from a summerrecess.

California’s governor weighed in more forcefully last week inthe continuing summer electricity rate shock plaguing the southernend of the state and calling into question the future of thestate’s four-year electric industry restructuring. A virtual flurryof state activity is expected this week at four different stateagencies and at the state legislature, which returns from a summerrecess.