By a narrow margin, voters last Tuesday elected President Obama to a second term in office, and kept Republicans in control of the House of Representatives and Democrats in the majority in the Senate. By maintaining the status quo in Washington, DC, this may ensure that the stalemate over energy policy will continue for another four years.
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Energy Debate Still in Hands of Obama, Divided Congress
By a narrow margin, voters Tuesday elected President Obama to a second term in office, but with Congress still split — a majority Republican House and a majority Democratic Senate — the passage of significant legislation relating to the energy industry or anything else remains problematic.
Wary Energy Industry Prepares for Second Obama Administration
By a narrow margin, voters Tuesday elected President Obama to a second term in office, but with Congress still split — a majority Republican House and a majority Democratic Senate — the passage of significant legislation relating to the energy industry or anything else remains problematic.
Another Penn State Drilling Study Unnecessary, Says MSC
The industry-led Marcellus Shale Coalition (MSC) has canceled a study underway by Pennsylvania State University (Penn State) about natural gas drilling and hydraulic fracturing (fracking), following criticism that previous research had a pro-drilling slant.
Nearly All Points Post Modest Losses; Futures Gain
Physical gas prices eased about 3 cents overall Tuesday, and declines were within a relatively narrow range across the country. Eastern markets saw a strengthening in basis, but next-day prices eased with unsupportive weather being cited. Pipelines in Southern California were back in balance from an operational flow order earlier in the week and next-day prices eased. At the close of futures trading July had risen 1.4 cents to $2.232 and August was up by 2.4 cents to $2.287. July crude oil added 62 cents to $83.32/bbl.
Time Running Out on Pennsylvania Impact Fee
The Pennsylvania Senate approved its version of an impact fee on natural gas by a narrow vote last Wednesday night, but it’s still uncertain whether Pennsylvanians will get a revenue boost or the proverbial lump of coal for Christmas.
PA Senate Passes Impact Fee; Time Running Out for House Vote
The Pennsylvania Senate approved its version of an impact fee on natural gas by a narrow vote Wednesday night, but it’s still uncertain whether Pennsylvanians will get a revenue boost or the proverbial lump of coal for Christmas.
Northwest, SoCal Not Part of Initial Ruby Pipe Market
As it prepares to begin commercial operations later this month, El Paso Corp.’s Ruby Pipeline holds a narrow initial market in the West centered on Northern California. Markets in the Pacific Northwest and Southern California remain virtually untapped, according to sources in those regions.
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.
Dangerous to Stay Unhedged, Analyst Says; May Falters
May natural gas futures were limited to a narrow 6-cent trading range and fell nominally as risk managers noted an uninspired market, and described their methodology for wringing value from a low-volatility trading environment. At the close May had eased 2.3 cents to $4.389 and June shed 1.4 cents to $4.452. June crude oil lost a penny to $112.28/bbl.