The reality of seasonal autumn weather — with both heating and cooling load on the low side — began to exact a more bearish influence on the market Thursday, with most points falling by 2-3 cents to about 15 cents. Most numbers were close to flat, with other points ranging from unchanged to nearly a dime higher.
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GasMart 2010: Tell the Gas Story, Anadarko VP Says
Natural gas is clean and price-competitive with other fuels, and it’s abundance in the United States will alter geopolitics and can erode the influence of oil cartels. Additionally gas-fired power generation and gas-powered vehicles can complement renewable energy and clear the air. That’s the story the industry needs to tell to lawmakers and consumers, according to Brad Boister, Anadarko Energy Services Corp. vice president of gas marketing.
Anadarko Executive: Tell the Gas Story
Natural gas is clean and price-competitive with other fuels, and it’s abundance in the United States will alter geopolitics and can erode the influence of oil cartels. Additionally gas-fired power generation and gas-powered vehicles can complement renewable energy and clear the air. That’s the story the industry needs to tell to lawmakers and consumers, according to Brad Boister, Anadarko Energy Services Corp. vice president of gas marketing.
NOAA: New El Nino Could Dampen Hurricane Season
El Nino — the warming of surface temperatures in the central and eastern equatorial Pacific ocean, which can influence the formation of Atlantic hurricanes — has arrived, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.
NOAA: New El Nino Could Dampen Hurricane Season
El Nino — the warming of surface temperatures in the central and eastern equatorial Pacific ocean, which can influence the formation of Atlantic hurricanes — has arrived, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.
Hot Weather Generates Modest Gains at Most Points
Cooling load proved to be a stronger influence on the spot market than a Gulf Coast trader had expected Wednesday (see Daily GPI, June 25). Despite the previous day’s 11.8-cent drop by July futures, flat to moderately higher quotes prevailed at most points Thursday of forecasts of highs in at least the mid 80s and often much higher continued to dominate the U.S. weather outlook, while conditions remained fairly mild in most of Canada.
Researcher: Good and Bad in Speculation
Whether one believes speculators exert undue influence over commodity prices likely depends as much on one’s market position as on any empirical evidence that speculative trading is “good” or “bad.” So rather than trying to call out market sinners, a new report on gas market speculation from the National Regulatory Research Institute (NRRI) merely offers a primer on the long-debated topic and advice for state utility regulators who must weigh the impact of hedge fund activity on ratepayers.
Researcher Offers Tips for Living with Market Speculators
Whether one believes speculators exert undue influence over commodity prices likely depends as much on one’s market position as on any empirical evidence that speculative trading is “good” or “bad.” So rather than trying to call out market sinners, a new report on gas market speculation from the National Regulatory Research Institute (NRRI) merely offers a primer on the long-debated topic and advice for state utility regulators who must weigh the impact of hedge fund activity on ratepayers.
Western Governors Crafting National Energy Policy
The Western Governors’ Association (WGA), citing a lack of a federal energy program, will draft a national energy policy that it hopes will influence the next presidential administration.
Mixed Price Moves Precede Expected Major Softness
Falling points modestly outnumbered rising ones Wednesday as forecasts of cooling trends in several areas vied for influence with warming trends in other areas, continuing hot weather across most of the southern half of the U.S. and a prior-day futures gain of 15.2 cents. Most of the losses were considerably larger than the gains, so overall softness was clearly dominant.