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While there is uncertainty and risk, particularly for would-be exporters, the longer term ramifications for U.S. liquefied natural gas (LNG) exports could carry a number of positive aspects for the economy, both domestically and globally, according to Rice University energy economist Ken Medlock.

While there is uncertainty and risk, particularly for would-be exporters, the longer term ramifications for U.S. liquefied natural gas (LNG) exports could carry a number of positive aspects for the economy, both domestically and globally, according to Rice University energy economist Ken Medlock.

The cash market continued its broad, upward trajectory Monday, adding on average about 6 cents. Particularly strong were Northeast points and Southern California. Northeast gains were expected to subside Tuesday, but California pricing is following strong power generation demand. At the close of futures trading August had gained 3.6 cents to $3.117 and September had put on 3.5 cents to $3.111. September crude oil tumbled $3.69 to $88.14/ bbl.

Physical gas prices on average plunged Tuesday as temperature forecasts called for moderation. Particularly hard hit were Northeast points, but quotes elsewhere fell as well. One point in the Marcellus did manage a gain.

The unconventional gas and oil revolution in North America, particularly the United States, has created thousands of jobs and generated billions in tax revenue. There could be more to come, but decisions by U.S., Canadian and Mexican policymakers will be what determines whether the North American energy promise is fulfilled, a researcher said in a new report.

The shale gas and oil revolution in North America, particularly the United States, has created thousands of jobs and generated billions in tax revenue. There could be more to come, but decisions by U.S., Canadian and Mexican policymakers will be what determines whether the North American energy promise is fulfilled, a researcher said in a new report.

Cash prices shot higher Tuesday with an average overall change of nearly 30 cents. Particularly strong were Northeast points, which fell under a triple whammy of pipeline maintenance, forecasts of hot temperatures and unexpected nuclear outages. Eastern locations also joined in the rise with hot temperatures expected Wednesday in major metropolitan areas.

Methane emissions from natural gas wells, particularly those from unconventional wells using hydraulic fracturing (fracking), are 50% lower than the Environmental Protection Agency’s (EPA) estimate in 2010, according to a joint report released by two industry groups last week.

Methane emissions from natural gas wells, particularly those from unconventional wells using hydraulic fracturing (fracking), are 50% lower than what the Environmental Protection Agency (EPA) estimated in 2010, according to a joint report released by two industry groups Monday.