Might

Heading into the Labor Day weekend with a full tank of gasoline might give holiday-makers a reason to smile, but natural gas bulls staring at the end of summer with storage caverns brimming more than usual have little to cheer.

What might seem to be just another down day Tuesday may prove to be more pivotal than some traders imagine. Prices made an early stab to as low as $3.448 in electronic Globex trading slicing through widely heralded technical support at $3.500. Market technicians re-calibrated their estimate of what now constitutes technical support 12 cents lower, and if that is taken out, traders may very well be looking at natural gas futures with a $2 handle.

Natural gas and electric heating demand might continue a little longer than normal this year as much of the United States is expected to experience colder-than-normal temperatures through March and April, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.

Natural gas and electric heating demand might continue a little longer than normal this year as much of the United States is expected to experience colder-than-normal temperatures through March and April, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.

It might be that persistence pays even when one’s rival is Warren Buffett’s MidAmerican Energy Holdings Co. News reports Tuesday said a deal for Electricite de France SA (EDF) to acquire half of the nuclear power business of troubled Constellation Energy Group Inc. is close at hand, potentially scotching MidAmerican’s signed agreement to take over the company.

December natural gas futures registered a modest decline as traders acknowledged that the market was awaiting weather data that might show a continuation of the cold weather currently pummeling the East.

Ohio residents can now shop for natural gas at the same place they might for a mint-condition Jim Brown rookie trading card after marketer MXenergy announced earlier this month that it has opened bidding for natural gas on Internet auction behemoth eBay.

Ohio residents can now shop for natural gas at the same place they might for a mint-condition Jim Brown rookie trading card after marketer MXenergy announced last week that it has opened bidding for natural gas on the Internet auction behemoth eBay.

Any concerns that recent changes to the Energy Information Administration’s (EIA) natural gas storage reporting sampling process might affect energy markets appear unfounded as the government agency reported that the old and new samples were not much different, but that the new sampling procedure produced more accurate estimates.