Necessary

North America’s growing shale gas plays were the key determinant in pushing global liquefied natural gas (LNG) supply away from American shores. But now the gravity of the shale gas bubble is so strong it could pull in empty tankers to take American gas away to Asian, European and other markets.

Seventy to 80 percent of Pennsylvanians support a reasonable severance tax and that tax is necessary to ensure that all the state’s citizens benefit from the economic boost generated by production of Marcellus shale gas, John Hanger, secretary of the Pennsylvania Dept. of Environmental Protection (DEP), told a gathering of about 350 producers Tuesday.

Seventy to 80 percent of Pennsylvanians support a reasonable severance tax and that tax is necessary to ensure that all the state’s citizens benefit from the economic boost generated by production of Marcellus shale gas, John Hanger, secretary of the Pennsylvania Dept. of Environmental Protection (DEP), told a gathering of about 350 producers Tuesday.

Canada’s natural gas supplies may not be as necessary to the Lower 48 states as they were pre-shale discoveries. But the country’s gas reserves won’t lay buried for long, said Nexen Marketing’s David Slater, managing director of Eastern Origination.

Canada’s natural gas supplies may not be as necessary to the Lower 48 states as they were pre-shale discoveries. But the country’s gas reserves won’t lay buried for long, said Nexen Marketing’s David Slater, managing director of Eastern Origination.

Wall Street kept its head above water Tuesday as Senate Democrats failed once again to get the 60 votes necessary to overpower Republican opposition and move on to a debate of proposed sweeping legislation to reform the financial regulatory system.

Wall Street kept its head above water Tuesday as Senate Democrats failed once again to get the 60 votes necessary to overpower Republican opposition and move on to a debate of proposed sweeping legislation to reform the financial regulatory system.

A day after it ended an Overage Alert Day (OAD) that had been in effect for the previous five days but warned that another one might become necessary soon, Florida Gas Transmission followed through by issuing a new OAD for market-area customers Wednesday with a 25% tolerance for negative daily imbalances.

A day after it ended an Overage Alert Day (OAD) that had been in effect for the previous five days but warned that another one might become necessary soon, Florida Gas Transmission followed through by issuing a new OAD for market-area customers Wednesday with a 25% tolerance for negative daily imbalances.