With heating load-generating conditions departing most areas outside the Rockies and either side of the Canadian-U.S. border, the market left a three-day string of mostly flat to higher numbers behind in recording drops at almost all locations Friday. The usual weekend decline of industrial load was another bearish influence, while the previous day’s rise of 6.6 cents by December futures provided little support for cash quotes.
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Supreme Court Rejects Lawsuit Against Utility Polluters
Regulation of greenhouse gas (GHG) emissions should be left to the Environmental Protection Agency (EPA), not federal courts, according to the U.S. Supreme Court, which last Monday threw out a lawsuit brought by eight states against five of the largest U.S. utilities over their carbon dioxide (CO2) emissions.
Supreme Court Rejects Lawsuit Against Utility Polluters
Regulation of greenhouse gas (GHG) emissions should be left to the Environmental Protection Agency (EPA), not federal courts, according to the United States Supreme Court, which on Monday threw out a lawsuit brought by eight states against five of the largest U.S. utilities over their carbon dioxide (CO2) emissions.
New West Virginia Alliance Supports Oil, Gas Industry
The Independent Oil & Gas Association of West Virginia (IOGAWV) said Wednesday it has launched a new alliance, Just Beneath the Surface (JBTS), to provide the public with information and debunk myths about the industry.
Bulls Need to Prove Their Case, Analyst Says; May Softens
May natural gas was again confined to a narrow 6-cent trading range and eased slightly in options-dominated trading Tuesday.
Correction
In the article “New Mexico Lawmakers Set Probe of February Gas Outages” (see Daily GPI, March 15), NGI incorrectly stated that a February natural gas service outage left “40,000” New Mexico Gas Co. customers without service. The correct number was 28,000 outages caused by the severe freeze (Feb. 1-3). NGI regrets the error.
LNG Waits in Wings for Devastated Japan
As Japan struggled Monday to prevent a catastrophe at nuclear reactors crippled by the earthquake and tsunami that struck the country last week, both Russia and Qatar said they were willing and able to step in with supplies of liquefied natural gas (LNG) to take up the slack for lost power generating capacity.
Northeast Dives at Odds With General Firmness
Subfreezing lows will be left in the wake of an icy coastal storm moving out to sea, but Northeast residents will no doubt welcome the chance to finish cleaning up in relatively dry conditions after the devastating blizzards in the middle of last week. Thus Northeast citygates took nearly all of Tuesday’s price hits ranging from about 40 cents to the $1.50 area (the Florida citygate chipped in with a loss of about a nickel).
Canadian Gas Exports Stabilizing
Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).
Canadian Gas Exports Stabilizing
Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).