Close to 40% of all of the natural gas produced in the U.S. Gulf of Mexico had been shut in as of Friday, along with nearly half of the oil produced every day.
Articles from Karen
More Seasonal Temps Trump Karen Concerns; Futures Steady
Natural gas cash prices fell hard, but futures held steady in Friday’s trading.
Karen Takes Aim at Central Gulf Coast
Offshore operators on Thursday were bringing nonessential personnel to shore and shuttering some production facilities after National Hurricane Center (NHC) forecasters said Tropical Storm Karen could reach hurricane strength by Friday.
Physical, Futures, Waltz Lower as Storage Builds, Karen Threatens
Natural gas prices for Friday delivery fell a nickel on average Thursday as most traders elected to get their deals done ahead of a government storage report that was expected to have bearish overtones.
Gov. Arnold Schwarzenegger Tuesday filled a vacancy on the California Energy Commission (CEC) by appointing Karen Douglas, an attorney with the national group Environmental Defense, to the five-member panel that sites electric generation plants and does the state’s energy resource planning and research. Douglas fills the CEC seat designated for an attorney. The appointment requires confirmation by the California Senate. The other CEC positions, all currently filled, are designated by law to come from the environmental, economics, science/engineering, and general public sectors. Douglas was the environmental group’s Director of the California Climate Initiative, helping build the organization’s climate team. She was one of the key environmental lobbyists helping to craft and get passed the state’s 2006 Global Warming Solutions Act (AB 32).