Taking preemptive action, the chief of the American Public Gas Association (APGA) on Monday blasted a climate change amendment that U.S. Sen. Jeff Bingaman (D-NM) may offer as part of pending energy legislation. APGA CEO Bert Kalisch took specific exception with an element of the anticipated amendment that would require pipeline transmission owners to buy emission credits.
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Futures Sag Ahead of Weekly AGA Toss-Up
In a preemptive move ahead of what could be another bearish storage release today, natural gas futures slipped lower yesterday as profit-takers rescinded advances achieved in Monday’s expiration session. The December contract began its tenure as prompt month in dramatic fashion, gapping lower at the open en route to a 15.6-cent decline and $3.183 close.
October 31, 2001
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