Mexican President Vicente Fox said last weekend that he willpush strongly to allow private investment in the country’sstate-run electricity commission because without it, the countrywill have to practically beg for help from the United States tomeet its energy needs. He insisted, however, that there are noplans to privatize the country’s state-run electricity commissionor its state-run oil company.
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Groups Push New Power Plant Construction
While various market participants and analysts are advising astepped up construction schedule for new power plants, oneCalifornia community may be getting the message.
CERA Sees Demand Squeeze Continuing
Astronomical gas prices could push another 3.5 Bcf/d of gasdemand out of the market next year, according to a research note byCambridge Energy Research Associates. While the high gas-usemarkets, such as fertilizer and methanol producers, already havecurtailed production significantly, CERA said it expects four moremajor demand responses: another wave of fuel switching to residualfuel oil by industrial boilers, a surge of investment to increasefuel switching capability, some potential switching to distillateoil and more industrial plant shutdowns.
CERA Sees Demand Squeeze Continuing
Astronomical gas prices could push another 3.5 Bcf/d of gasdemand out of the market next year, according to a research note byCambridge Energy Research Associates yesterday. While the highgas-use markets, such as fertilizer and methanol producers, alreadyhave curtailed production significantly, CERA said it expects fourmore major demand responses: another wave of fuel switching toresidual fuel oil by industrial boilers, a surge of investment toincrease fuel switching capability, some potential switching todistillate oil and more industrial plant shutdowns.
Consumer Groups Push to Re-Regulate Electricity
Several consumer groups last week took steps toward pushing forre-regulation nationally and in states, denouncing efforts toderegulate the electricity industry as flawed.
Consumer Push to Re-Regulate Electricity
Several consumer groups last week took steps toward pushing forre-regulation nationally and in several states, denouncing effortsto deregulate the electricity industry as flawed.
Mild Forecast, Technical Weakness Push Dec. Expiry Lower
Fueled by moderating weather forecasts and following Monday’s21-cent decline, natural gas futures tumbled lower in a classicexpiration-day long liquidation Tuesday, as traders rolled theirprompt month positions into back months. After a back-breakingsell-off in the last five minutes of trading Monday, the Decembercontract gapped lower at the open and tumbled 35.2 cents to itsfinal resting place at $6.016 yesterday.
IPAA to Push for More Access To Restricted Lands
The Independent Petroleum Association of America won an”impressive” victory when Congress amended the Energy Policy andConservation Act, a victory that may change where exploration andproduction development takes place in the future. The changes, saidIPAA at its recent annual meeting in San Antonio, require theDepartment of Interior to begin a comprehensive inventory ofgovernment-controlled lands on which oil and gas are found.
IPAA to Push for More Access to Restricted Lands
The Independent Petroleum Association of America won an”impressive” victory when Congress amended the Energy Policy andConservation Act, a victory that may change where exploration andproduction development takes place in the future. The changes, saidIPAA at its recent annual meeting in San Antonio, require theDepartment of Interior to begin a comprehensive inventory ofgovernment-controlled lands on which oil and gas are found.
High Gas Volumes, Prices Push Coastal Earnings Up 40%
Higher gas production volumes and higher commodity prices in the oil refining and marketing businesses boosted Coastal’s earnings for the third quarter 40% over the same period in 1999.