The United States has become a “surplus natural gas producing country essentially forever” because of shale gas, Credit Suisse analyst Edward Morse said recently.
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Chesapeake CEO: Gas a Natural for 21st Century
Natural gas shale has forever changed the energy market in North America, and the amount producers are able to pull from the rock eventually will create a practical alternative to other forms of energy, including crude oil and coal, Chesapeake Energy Corp. CEO Aubrey McClendon said last Wednesday.
Chesapeake CEO: Shale Gas to Be Leading Transportation Fuel
Natural gas shale has forever changed the energy market in North America, and the amount producers are able to pull from the rock eventually will create a practical alternative to other forms of energy, including crude oil and coal, Chesapeake Energy Corp. CEO Aubrey McClendon said Wednesday.
Agrium to Make Final Decision on Switch from Gas to Coal in ’08
With its Alaska business forever tied to the possibility that natural gas supplies could be curtailed, Agrium Inc. plans to switch its Nikiski nitrogen plant in Kenai, AK, from gas to coal. A final decision on coal plant construction is scheduled for 2008, and if it moves forward, the revamped plant would be operational in late 2011, company officials said.
$8 Resistance Continues to Hold as Futures Creep Higher
Borrowing the premise from the 1993 movie Groundhog Day in which Bill Murray’s character is doomed to continually repeat the same day of his life forever, natural gas futures traders find themselves continuing to assault $8 psychological resistance in the December contract only to experience the same result each time — failure. On Monday the prompt month reached a high of $8 in afternoon trading before sinking to close at $7.894, up a dime from Friday’s close.
Katrina Report Credits FERC’s Action in Wake of Hurricane
Although the federal government’s slow response to aid victims of Hurricane Katrina will be forever seared into the memory of the nation, there were a few things that went right — including the Federal Energy Regulatory Commission’s quick action to help rebuild the damaged energy infrastructure along the Gulf region, according to a comprehensive review of the government’s performance during the disaster last August.
Richard Touts Competition to DOE-NARUC
Competition has changed the energy industry forever, spurringcompanies to use creativity to provide real choices for all energycustomers, according to Oliver G. Richard III, CEO of ColumbiaEnergy Group, at yesterday’s plenary session of the seventh annualNatural Gas Conference sponsored by the U.S. Department of Energyand the National Association of Regulatory Utility Commissioners.