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Temperatures over the next three months will average below normal in the North Central and Northwest and parts of the Southeast, but will be warmer than normal across most of the Northeast and southern United States, according to WSI forecasters, who said a strong La Nina and the persistent negative phase of the North Atlantic Oscillation will drive much of the nation’s winter weather pattern.

Although the House Energy and Commerce Committee’s investigation of the Gulf of Mexico (GOM) rig blowout and spill still is in its early stages, Committee Chairman Henry Waxman (D-CA) last Wednesday said the committee had uncovered major discrepancies in the accounts of some of the companies involved.

Although the House Energy and Commerce Committee’s investigation of the Deepwater Horizon rig blowout and spill is in its early stages, Committee Chairman Henry Waxman (D-CA) Wednesday said the committee has uncovered major discrepancies in the accounts of some of the companies.

The Henry Hub natural gas spot price is expected to rise to $5.48/Mcf in 2010 because of the “current decline in drilling activity and projected growth in consumption next year,” the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for August.

Significant downward pressure is expected to continue on the Henry Hub natural gas spot price as storage levels head toward a record high, more foreign supplies potentially make their way to U.S. markets and domestic production stays relatively flat despite a pullback in drilling, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for August.

The convergence of abundant natural gas supplies and weak demand, driven by an 8% decline in industrial-sector consumption, will keep the Henry Hub spot price below $4/Mcf until late this year, but economic growth could boost industrial consumption and prices to an average $5.49/Mcf in 2010, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for June.

The convergence of abundant natural gas supplies and weak demand, driven by an 8% decline in industrial-sector consumption, will keep the Henry Hub spot price below $4/Mcf until late this year, but economic growth could boost industrial consumption and prices to an average $5.49/Mcf in 2010, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for June.

House Republicans’ hopes for a hearing Friday to explore the costs of cap-and-trade legislation proposed by Reps. Henry Waxman (D-CA) and Edward Markey (D-MA) were dashed when Democrats failed to provide the emission allocation language that Republicans had requested earlier in the week.

House Energy and Commerce Committee Chairman Henry Waxman (D-CA) and Energy and Environment Subcommittee Chairman Edward Markey (D-CA) have given into the Republican members’ request to hold one more hearing to explore the cost of cap-and-trade legislation. The hearing is scheduled for Friday.