While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).
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Natural Gas Supply Ready to Weather Increased Demand, Study Finds
While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).
U.S. NatGas Demand Increases Unlikely to Spark Price Spikes, Study Finds
While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).
EPA Rule Changes on CNG Conversions Widely Lauded
At a time when the concept of natural gas as a transportation fuel is getting newfound backing in the nation’s capital and in various states, there was generally positive reaction to the recent move by the federal Environmental Protection Agency (EPA) to make it easier to certify compressed natural gas (CNG) conversion systems.
Price Moves Mixed Despite Mild Weather Forecasts
The cash market was approximately evenly divided between rising and falling points Thursday, with most of the newfound firmness following Wednesday’s drops at nearly all locations based on moderate prior-day screen support and residual cold in sections of the West. The overall weather outlook was bearish as temperatures in most areas are forecast to be above seasonal levels Friday.
Interest in Shale Plays Points to Increased North American Drilling
Thanks to the newfound interest and favorable economics in natural gas shale plays across the country, North American drilling activity should remain steady through 2008 — even if prices soften — Raymond James & Associates Inc. analysts said in a note.
Interest in Shale Plays Points to Increased North American Drilling
Thanks to the newfound interest and favorable economics in natural gas shale plays across the country, North American drilling activity should remain steady through 2008 — even if prices soften — Raymond James & Associates Inc. analysts said Monday.
Most Points Still Rising, But Hints of Softness Appear
Although some of the newfound cooling demand will already be starting to fade Wednesday in the South, cash prices were able to keep rising Tuesday at most points because of the residual heating load and cooling load that remained in northern and southern market areas, respectively, and the previous day’s 30.1-cent advance by May futures. But flat to about 35 cents lower quotes at quite a few locations and a major screen retreat signaled that the bullishness with which the April aftermarket began may be ending quickly.
CFTC’s Chilton Says FERC Flexed Its EPAct Authority ‘Too Soon’
The jurisdictions of FERC and the Commodity Futures Trading Commission (CFTC) clashed when the Federal Energy Regulatory Commission (FERC) decided to take its newfound authority under the Energy Policy Act of 2005 (EPAct) out for a “little jurisdictional test drive” in the case accusing failed hedge fund Amaranth Advisors LLC of manipulation of natural gas prices, said CFTC Commissioner Bart Chilton last week.
CFTC’s Chilton Says FERC Flexed Its EPAct Authority ‘Too Soon’
The dispute between FERC and the Commodity Futures Trading Commission (CFTC) intensified when FERC decided to take its newfound authority under the Energy Policy Act of 2005 (EPAct) out for a “little jurisdictional test drive” in the case accusing failed hedge fund Amaranth Advisors LLC of manipulation of natural gas prices, said CFTC Commissioner Bart Chilton earlier this week.