Natural gas cash values declined nearly across the board as physical gas traders used the screen’s prior-day drop for inspiration. Most points declined by a nickel or less and traders and analysts alike are having trouble pointing to any sort of rebound in the immediate future. Even what appeared to be a bullish storage injection report Thursday wasn’t what it seemed according to one NGI source. September futures traveled an up and down course on Thursday but ultimately closed the day’s regular session at $2.724, down 2.4 cents from Wednesday’s close.
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Pennsylvania Regulator Advocates Tougher Marcellus Rules
Lawmakers should look to the recent crafting of “one of the most comprehensive underground mine safety laws in the country” for inspiration when they consider the further regulation of Marcellus Shale natural gas activities in Pennsylvania, John Hanger, secretary of the state’s Department of Environmental Protection (DEP), told a state Senate panel Wednesday.
June 17, 2010
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