The beat-down that U.S. natural gas prices have gotten from shale production is “perhaps the best possible news for the U.S. economy,” energy author and lecturer Robert Bryce told a Houston audience recently. The Manhattan Institute fellow predicted that over the next century, natural gas will continue to take more of the energy stage from coal and oil.
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Pundit: More Energy Density, Less Political Denseness
The beat-down that U.S. natural gas prices have gotten from shale production is “perhaps the best possible news for the U.S. economy,” energy author and lecturer Robert Bryce told a Houston audience last week. The Manhattan Institute fellow predicted that over the next century, natural gas will continue to take more of the energy stage from coal and oil.
Here We Go Again; Northeast Soars, Other Points Soft
There was something familiar about the pattern of Wednesday’s cash market. Perhaps it was because exactly two weeks earlier Northeast citygates were also spiking in the face of a approaching winter storm while nearly all other points softened moderately.
The Money in the Middle
Continued strong crude oil prices and weak prices for natural gas in 2011 will make for a positive story for natural gas liquids (NGL), perhaps excluding ethane, Copano Energy LLC CEO Bruce Northcutt told financial analysts last Friday.
The Money in the Middle
Continued strong crude oil prices and weak prices for natural gas in 2011 will make for a positive story for natural gas liquids (NGL), perhaps excluding ethane, Copano Energy LLC CEO Bruce Northcutt told financial analysts Friday.
Market Sees Firmer Quotes at Most Locations
Perhaps due to a little heating load starting to appear in some northern and western market areas, along with moderate warming trends returning in the South, the market found enough weather-based support to see modest gains at a small majority of points Tuesday.
Futures Drop a Few Pennies, But ‘Major’ Support Looms
Perhaps pondering its Thursday expiration, the September natural gas futures contract traded in a muted range on Tuesday as fundamentals remained bleak and technical support remained rigid. The prompt-month contract closed out the regular session at $2.882, down 4.1 cents from Monday’s finish.
Futures Plummet on Smaller-Than-Expected Storage Pull, Low Liquidity
Perhaps in anticipation of a smaller-than-expected natural gas storage withdrawal report, February natural gas futures on Wednesday morning sunk lower, which was compounded by the noon EST report, which revealed that only 143 Bcf was extracted from underground inventories for the week ended Dec. 26. The contract ended up closing Wednesday’s regular session at $5.622, down 23.7 cents from Tuesday’s close.
Another Grim Forecast Issued for U.S. Gas Rigs
The U.S. natural gas rig count has peaked and is now in the early weeks of a downward correction that is likely to extend through all of 2009 and perhaps most of 2010, an energy analyst said last week.
Another Grim Forecast Issued for U.S. Gas Rigs
The U.S. natural gas rig count has peaked and is now in the early weeks of a downward correction that is likely to extend through all of 2009 and perhaps most of 2010, an energy analyst said Wednesday.