Natural gas pipeline construction hit a 10-year high in 2008, led by “massive” system additions in the Southwest and Gulf of Mexico, as construction of delivery lines raced to keep up with the unprecedented expansion of natural gas reserves and production in new shale plays across the country, as well as new import and storage locations.
Raced
Articles from Raced
Fourth Time is a Charm for Persistent Bulls
For the fourth straight trading session, natural gas futuresraced off to a fast start Wednesday as locals and speculators triedagain to push the market through key resistance and above therecent trading range. But unlike the failure and subsequent sellingthat plagued the market on the prior three occasions, yesterday’smarket was able to hold on and add to gains late in the day. TheAugust contract finished at $2.253, up 5.5 cents.
July 22, 1999
May Futures Make a Brief Visit Above $2.00
For the second day in a row, the futures market raced off to afast start as steady buying bolstered prices to their highest marksince December. But in contrast to Tuesday’s price action, whichfeatured the May contract finishing near its daily high,Wednesday’s rally ran into heavy overhead selling that trimmedthose gains into the close. May finished up 3.5 cents to $2.013,after notching a $2.07 high.
April 1, 1999
AGA ‘Surprise’ Lifts Market in Evening Trading
Fueled by Tuesday afternoon advances, the November contractraced out to a strong start on Wednesday. But the rally becameshort-lived when it met with a wall of selling in the mid-teens,leaving the market to finish lower at the closing bell. TheNovember contract settled at $2.041, a 4.3 cent decline for theday.
October 15, 1998
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