Overwhelming

The House of Representatives Wednesday passed by an overwhelming margin a conference report on the nearly $300 billion farm bill that contains a provision to close the so-called “Enron Loophole,” which for years has exempted large electronic trading platforms from the oversight of the Commodity Futures Trading Commission (CFTC).

With overwhelming support from the energy industry, FERC and the Department of Energy’s Energy Information Administration (EIA), the Securities and Exchange Commission (SEC) may be close to announcing a major overhaul of oil and natural gas reserves accounting rules.

With overwhelming support from the energy industry, FERC and the Department of Energy’s Energy Information Administration (EIA), the Securities and Exchange Commission (SEC) may be close to announcing a major overhaul of oil and natural gas reserves accounting rules.

The Senate Thursday night passed by an overwhelming majority an energy bill that raises the fuel economy standard, increases the standard for production of renewable fuels and establishes higher energy efficiency standards.

The Senate last Thursday night passed by an overwhelming majority an energy bill that raises the fuel economy standard, increases the standard for production of renewable fuels and establishes higher energy efficiency standards.

A few instances of flat to moderately higher pricing showed up in the West, but an overwhelming majority of the cash market continued to probe lower levels Tuesday as traders returned from Christmas holiday. Widespread mild weather and the extension of natural gas futures plunges into their third day Tuesday weighed heavily on cash quotes.

The Senate Energy and Natural Resources Committee last Thursday voted out by a wide margin an omnibus energy bill, but it won the overwhelming support only by putting off some of the more controversial amendments involving the moratorium on drilling on the Outer Continental Shelf (OCS), siting authority over liquefied natural gas (LNG) terminals anda renewables’ mandate for electricity production until the floor debate on the measure, which is likely to occur in June.

Contrary to the gas supply data and predictions of the federal government, overwhelming evidence supports the view that U.S. natural gas production is falling by more than 2% on a year-over-year basis and is unlikely to reverse itself anytime soon, according to analysts at Raymond James & Associates, who express confidence that gas prices will move back over $5 this winter and remain there into next year.

Contrary to the gas supply data and predictions of the federal government, overwhelming evidence supports the view that U.S. natural gas production is falling by more than 2% on a year-over-year basis and is unlikely to reverse itself anytime soon, according to analysts at Raymond James & Associates, who express confidence that gas prices will move back over $5 this winter and remain there into next year.