Marathon

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

In a textbook display of just how large an impact the weekly Energy Information Administration (EIA) gas inventory report can have on the market, natural gas prices plummeted Thursday moments after the EIA said that a hefty 111 Bcf was added to underground storage facilities last week. After a quick dip lower at 10:30 a.m. EDT, sellers took a moment to catch their breath, but bulls could not muster much of a rally. Bears made use of their second wind to punish prices lower again Thursday afternoon. The August contract finished at $5.258, down 26.2 cents for the session.

Canadian exports of natural gas to the United States slipped by 3.4% in 2002, breaking a marathon growth streak that set 14 consecutive annual sales records.

Canadian exports of natural gas to the United States slipped by 3.4% in 2002, breaking a marathon growth streak that set 14 consecutive annual sales records.

For the first time since a marathon success streak began with the advent of the “continental market” in the mid-1980s, Canadian natural gas exporters have weathered a setback in the United States. On the heels of posting the 14th consecutive record year for the trade in 2001, new data showed Canadian sales, prices and revenues all took dives, as export deliveries ran afoul of a warm winter, a slowing economy, fuel-switching and surplus supplies in storage.

While some are concerned that the collapse of Enron and the loss of its marathon lobbying efforts for competitive markets at a critical time, particularly for electric restructuring, may have left those markets vulnerable, retail marketer The New Power Co.(NPC), doesn’t believe the open market campaign has been damaged.

While some are concerned that the collapse of Enron and the loss of its marathon lobbying efforts for competitive markets at a critical time, particularly for electric restructuring, may have left those markets vulnerable, retail marketer The New Power Co.(NPC), doesn’t believe the open market campaign has been damaged.