Heel

North Carolina’s assistant state geologist said estimates put forth by supporters of natural gas development in the Tar Heel State are overly optimistic and actual reserves are probably much lower.

North Carolina’s assistant state geologist said estimates put forth by supporters of natural gas development in the Tar Heel State are overly optimistic and actual reserves are probably much lower.

The House pipeline safety reauthorization bill’s Achilles Heel is that it grandfathers aging natural gas pipeline and distribution facilities from having to install new technology — automatic and remote-controlled shut-off valves or excess flow valves — to prevent explosions or quickly bring them under control once they have occurred, a California congresswoman told a House subcommittee Friday.

The House pipeline safety reauthorization bill’s Achilles Heel is that it grandfathers aging natural gas pipeline and distribution facilities from having to install new technology — automatic and remote-controlled shut-off valves or excess flow valves — to prevent explosions or quickly bring them under control once they have occurred, a California congresswoman told a House subcommittee Friday.

After warding off the March contract in its last week of trading, psychological support at $4 proved to be a similar Achilles heel for April futures bears on Friday. The contract traded below that price level for most of the morning before rallying in the afternoon to close at $4.198, up 12.1 cents from Thursday and 16.2 cents higher than the previous week’s finish.

The Achilles heel of the Mackenzie Valley natural gas pipeline project is showing as its sponsors labor at the delicate diplomacy of obtaining consent from the aboriginal population in the Northwest Territories.

The Achilles heel of the Mackenzie Valley natural gas pipeline project is showing as its sponsors labor at the delicate diplomacy of obtaining consent from the aboriginal population in the Northwest Territories.