Poised

The House of Representatives Friday was poised to vote out its oil spill legislation, which imposes stiffer financial responsibilities and safety standards on offshore and onshore production and development, but the Senate was not expected to pass its slimmed-down oil spill bill before the August recess.

The House was poised to vote out possibly as early as Wednesday evening legislation calling for sweeping financial regulatory reforms, including regulation and transparency of the over-the-counter (OTC) derivatives market for the first time. Passage of the bill in the Senate, however, wasn’t expected to be as easy.

More steel and less paper would make for a stronger U.S. economy, and the energy industry is poised to contribute to an industrial renaissance that would bring such change about for the benefit of all, Alcoa Inc.’s David Ciarlone told a GasMart 2010 audience in Chicago earlier this month.

More steel and less paper would make for a stronger U.S. economy, and the energy industry is poised to contribute to an industrial renaissance that would bring such change about for the benefit of all, Alcoa Inc.’s David Ciarlone told a GasMart 2010 audience in Chicago last week.

Natural gas futures retreated as observers see the market poised to work lower as it backs off from the upper end of its recent trading range. With prices as high as they have been recently, it may be a good time to sell, they say. June futures fell 3.9 cents to $4.131 and July skidded 4.6 cents to $4.225. June crude oil shed 43 cents to $76.37.

With the eastern South poised to become the next target of relatively sizeable amounts of snow and more of it expected to return to the upper East Coast early next week, most of the cash market realized small gains Thursday.

With the eastern South poised to become the next target of relatively sizeable amounts of snow and more of it expected to return to the upper East Coast early next week, most of the cash market realized small gains Thursday.

Shale gas development is poised to spread into Alberta on a large scale after producers paid C$365 million (US$343 million) for a new target zone north of the provincial capital of Edmonton.

Shale gas development is poised to spread into Alberta on a large scale after producers paid C$365 million (US$343 million) for a new target zone north of the provincial capital of Edmonton.