Pick

Natural gas prices, production and demand are expected to continue on a downward spiral through the rest of the year and possibly pick up in 2010 if the economy recovers, the Energy Information Administration (EIA) said in its Short-Term Energy and Summer Fuels Outlook last Tuesday.

Natural gas prices, production and demand are expected to continue on a downward spiral through the rest of the year and possibly pick up in 2010 if the economy recovers, the Energy Information Administration (EIA) said in its Short-Term Energy and Summer Fuels Outlook Tuesday.

President-elect Barack Obama is expected to pick Los Angeles Deputy Mayor Nancy Sutley as chairwoman of the White House Council on Environmental Quality (CEQ), Washington sources said Wednesday.

Alaska Gov. Sarah Palin, the Republican pick for vice president, said the United States has “lots” of oil and natural gas and called for more domestic exploration and production during her speech Wednesday night at the Republican National Convention.

Utilities, power generators and industrial end-users are going to have to pick their spots and move quickly to secure lower-priced natural gas in the increasingly higher-priced and challenging market, according to Val Trinkley of EnergyUSA, a NiSource company, who will be conducting a strategy workshop at GasMart 2008 in Chicago May 20-22.

Utilities, power generators and industrial end-users are going to have to pick their spots and move quickly to secure lower-priced natural gas in the increasingly higher-priced and challenging market, according to Val Trinkley of EnergyUSA, a NiSource company, who will be conducting a strategy workshop at GasMart 2008 in Chicago May 20-22.

Winding down the final days of the October 2007 contract’s trading, natural gas futures traders were hesitant to pick a direction on Tuesday. With storm concerns in the Gulf of Mexico (GOM) and the Atlantic, natural gas futures held on to most of Monday’s gains to close a penny lower at $6.360, despite watching crude futures drop $1.42 to $79.53/bbl.

Most consumers pick up a gas pump nozzle about once a week, but they never see a drillbit. That’s a problem if you’re an energy company holding a bag of money during a period of near-record natural gas, oil and gasoline prices.

With so much money on the table and no other logical outcome, the pace of mergers and acquisitions among oil and natural gas companies will pick up again this year, and capital investment in the upstream sector will grow by at least 25%, according to a new report by energy research firm John S. Herold Inc.