The coal mining workforce has declined since 2009, but employment in the nation’s oil and natural gas extraction industry — including support services — grew by 6%, from 369,691 workers to 392,869 total jobs, according to a new report from the U.S. Department of Energy (DOE).
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Economy Driving Higher Power Demand in Texas, ERCOT Says
Texas power demand is increasing faster than previously thought, according to a new report from the Electric Reliability Council of Texas (ERCOT), which operates most of the state’s power grid. Texas gets more than half of its power from natural gas-fueled generation.
Coal May Overtake NatGas For Power Gen This Winter, EIA Says
Coal could beat natural gas on prices and reclaim its spot this winter as the most-used fuel for U.S. electric generation, according to a brief published Friday by the Energy Information Administration (EIA).
Traders Mull Market’s Next Move; November Called Flat
November natural gas is set to open unchanged Friday morning at $3.34 as traders consolidate positions before the weekend. Overnight oil markets were mixed.
LDC Forum Speakers See NatGas Price Volatility Returning, Rockies Resurgence
With an eye toward winter weather, natural gas price volatility is likely to return in 2017, given the prospect for potential capacity constraints and ever-larger exports to Mexico to support gas-fired generation, according to ConocoPhillips’ Jim Duncan, who directs commodity market research.
NatGas Price Volatility to Return in 2017, Lifted by Mexican Power Demand, Says ConocoPhillips Strategist
With an eye toward winter weather, natural gas price volatility is likely to return in 2017, given the prospect for potential capacity constraints and ever-larger exports to Mexico to support gas-fired generation, according to ConocoPhillips’ Jim Duncan, who directs commodity market research.
NatGas-Power Coordination Issues Linger, Posing Challenges, Says FirstEnergy Exec
Even as FERC continues to take steps to smooth natural gas-power coordination, significant issues remain, requiring both industries to work diligently together as the nation transitions from coal toward more natural gas in the power sector, a FirstEnergy executive said Wednesday.
Traders Discounting Weather; October Seen 6 Cents Lower
October natural gas is expected to open 6 cents lower Friday morning at $2.87 as traders set their sights on plump season-ending storage levels and ignore near-term supportive weather. Overnight oil markets were mixed.
No Letup in Power Burns; October Seen A Penny Higher
October natural gas is expected to open a penny higher Tuesday morning at $2.92 as traders reassess higher power burns and what may be a realignment of supply and demand going forward. Overnight oil markets plunged.
California’s Share of Gas-Fired Generation Continues to Drop
California’s climate change policies are resulting in proportionally less natural gas use to produce electricity in the nation’s most populous state.