December natural gas made its debut as the spot futures contract by bounding higher Friday as traders cited the inevitability of weather-generated demand, and follow-the-leader-like buying as prices moved higher on heavy volume. At the close December had gained 15.9 cents to $3.923 and January was up 14.6 cents to $4.042. December crude oil digested a portion of Thursday’s large gains and settled 64 cents lower at $93.32/bbl.
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Traders Have $2 Handle in Sight; September Slips 6.7 Cents
September natural gas futures parted ways with a strong crude oil market and settled lower Tuesday as traders cited the inevitability of a $2 handle and economic and weather reports were unsupportive. September futures dropped 6.7 cents to $3.096 and October fell 9.1 cents to $3.464. September crude oil jumped $2.44 to $69.19/bbl.
August 19, 2009
White House Can’t Do a ‘Darn Thing’ to Aid CA
“I don’t think there’s a darn thing the [Bush] administration can do” to rescue California from the inevitability of energy supply shortages and blackouts this summer, a White House energy official said last week.
April 9, 2001
White House Can’t Do a ‘Darn Thing’ to Aid CA
“I don’t think there’s a darn thing the [Bush] administration can do” to rescue California from the inevitability of energy supply shortages and blackouts this summer, a White House energy official said yesterday.
April 4, 2001
DOE Urges Speedier Pipe Certificate Process
Recognizing the inevitability of heightened gas demand from theNortheast generation market over the next 20 years, a Department ofEnergy (DOE) study released last week calls for an acceleration ofthe FERC certificate process to pave the way for more gas pipelineand storage capacity to the region to help reduce its singulardependence on home heating oil and to avoid recurrences of lastwinter’s heating oil price spikes.
July 24, 2000
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