Frustrating

A report by the Pennsylvania Public Utility Commission (PUC) released Thursday said competition in the residential and commercial natural gas market has failed due mainly to “substantial barriers” that favor distribution companies and effectively lock others out of the market.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.