As natural gas prices soared last winter, significant switching from natural gas to residual fuel and heating oil made the “linkage” between the commodities all too clear, according to Raymond James & Associates’ John Gerdes in an energy brief released last week. Although natural gas is considered the fuel of choice to supply the nation’s growing power needs, the last five months of 2000 showed that price can change everything.
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Raymond James: Gas and Oil Prices Re-linked
As natural gas prices soared last winter, significant switching from natural gas to residual fuel and heating oil made the “linkage” between the commodities all too clear, according to Raymond James & Associates’ John Gerdes in an energy brief released Monday. Although natural gas is considered the fuel of choice to supply the nation’s growing power needs, the last five months of 2000 showed that price can change everything.
Exposure to Turned-Back Capacity High, EIA Says
Some of the “most pronounced” turnback activity for long-termfirm capacity can be expected to occur this year, next year and in2004, according to an analysis of the pipeline transportationmarket issued by the Energy Information Administration (EIA) lastweek.
NJ Energy Deregulation is Official
Governor Christine Todd Whitman signed an energy deregulationbill Tuesday, clearing the way for statewide electric unbundling tooccur by Aug. 1, 1999 and statewide, residential gas unbundling byDec. 31. The bill was passed by the state’s legislature late lastmonth. The New Jersey Board of Public Utilities (BPU) is now incharge of formulating and implementing the deregulation program.
Industry Awaits Outcome of Exxon, Mobil Merger Talks
An announcement of the outcome of the merger talks between ExxonCorp. and Mobil Corp. is widely expected to occur today, with mostexpert industry-watchers anticipating the two energy behemoths willproduce a definitive deal, while a few say it’s still too close tocall.