With dangerous heat leaving California electric grid operators struggling to meet heightened demand, natural gas forward prices in the southern part of the state rallied sharply from July 20-26, according to NGI’s Forward Look. Daytime temperatures have lingered at or above the century mark for most of July in parts of California, driving up cooling…
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Natural Gas Cash, Futures Continue Retreat, Despite Heatwave
Natural gas market bulls were down and out Friday as trading in the cash market as well as in the futures arena continued Thursday’s bearish activity, further eating into the gains made from the week’s first three days of positive action.
Natural Gas Cash, Futures Continue Retreat, Despite Heatwave
Natural gas market bulls were down and out Friday as trading in the cash market as well as in the futures arena continued Thursday's bearish activity, further eating into the gains made from the week's first three days of positive action.
No Solution in Sight for Troubled SoCal Nuke
As California faces its first real heatwave of the summer, the fate of the 2,200 MW San Onofre Nuclear Generating Station (Songs) remains a mystery, and the only sure bet is that more natural gas-fired electric generation within and outside the state will have to be called upon to make up for the absence of the huge plant along the Pacific Coast in North San Diego County.