Kind

With the 2006-2007 winter now mostly in the rear-view mirror, traders and meteorologists alike are turning their attention to what kind of temperatures spring will bring to the United States. According to Andover, MA-based WSI Corp., the April through June forecast is expected to average warmer than normal in all locations except for the Pacific Coast states, which could start the natural gas storage injection season sooner than normal, but push electricity loads high enough in June to be bullish for power prices in the Midwest markets.

With the 2006-2007 winter now mostly in the rear-view mirror, traders and meteorologists alike are turning their attention to what kind of temperatures spring will bring to the United States. According to Andover, MA-based WSI Corp., the April through June forecast is expected to average warmer than normal in all locations except for the Pacific Coast states, which could start the natural gas storage injection season sooner than normal, but push electricity loads high enough in June to be bullish for power prices in the Midwest markets.

With energy traders prepared to close the book on winter 2006-2007 weather, attention will now turn to what kind of spring is in store for the United States. According to the National Oceanic and Atmospheric Administration’s (NOAA) 2007 Spring Outlook, April through June is expected to bring above-normal temperatures across a wide area of the country, from the West through the Plains and into the Southeast, while below-normal temperatures are likely for southwest California and Hawaii. The government forecasting firm said the remainder of the country, including the Northeast, Mid-Atlantic and the tip of the Pacific Northwest, have equal chances of above-, near- or below-normal temperatures.

With energy traders prepared to close the book on winter 2006-2007 weather, attention will now turn to what kind of spring is in store for the United States. According to the National Oceanic and Atmospheric Administration’s (NOAA) 2007 Spring Outlook, April through June is expected to bring above-normal temperatures across a wide area of the country, from the West through the Plains and into the Southeast, while below-normal temperatures are likely for southwest California and Hawaii. The government forecasting firm said the remainder of the country, including the Northeast, Mid-Atlantic and the tip of the Pacific Northwest, have equal chances of above-, near- or below-normal temperatures.

The chairman of the Senate Energy and Natural Resources Committee on Thursday asked the Government Accountability Office (GAO) to undertake a “thorough review” of the royalty-in-kind (RIK) program overseen by the Interior Department’s Minerals Management Service (MMS). The Department of Justice launched a criminal investigation of the RIK program last month (see Daily GPI, Jan. 3).

Canada’s beleaguered Arctic natural gas development plan has ignited a classic constitutional law debate on federal versus provincial jurisdiction over pipelines — and pleas by project sponsors and supporters to create a special, separate dueling arena for the lawyers.

Duke Energy didn’t have the kind of quarter it would have liked, management conceded, as lower gas prices, plant outages and higher operating expenses crimped results.

More than 114 Bcf of natural gas was sold to 10 energy companies in the latest royalty-in-kind (RIK) sale conducted by the Interior Department’s Minerals Management Services (MMS), the agency said last Monday.

More than 114 Bcf of natural gas was sold to 10 energy companies in the latest royalty-in-kind (RIK) sale conducted by the Interior Department’s Minerals Management Services (MMS), the agency said Monday.