A two-year investigation has identified the prime suspect behind environmental horror stories that threaten to stunt the growth of infant coalbed methane production in Canada — and the culprit is not the industry. The report squashes a major source of public opposition to developing the province’s estimated 500 Tcf endowment of coalbed methane, in seams the right thickness and depth to be considered candidates for development.
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Scientists Clear Industry of Blame for Gas in Water Wells
A two-year investigation has identified the prime suspect behind environmental horror stories that threaten to stunt the growth of infant coalbed methane production in Canada — and the culprit is not the industry. The report squashes a major source of public opposition to developing the province’s estimated 500 Tcf endowment of coalbed methane, in seams the right thickness and depth to be considered candidates for development.
Large Consumers Struggle to Adjust to $7-9/MMBtu Gas
The horror stories told by commercial and industrial companies this Halloween involved high natural gas prices rather than ghouls and goblins. Gas consumers are struggling to adapt to $7-9/MMBtu natural gas and to the dramatic changes that have taken place in the market over the last four years, according to energy service providers.
Short-Covering Boosts Futures Near 31-Month Highs
Like a monster at the end of horror movie that refuses to die,natural gas futures sprung back to life Friday following Thursday’squiet trading session that led some to believe the bull-run wasover. It didn’t take the market to prove them wrong Friday, as theJune contract gapped higher at the open and then erupted 11.5 centsto close at $3.825.