Relationship

For 2011 it will be more of the same where low natural gas prices and the gas-crude oil price relationship are concerned, according to analysts at Fitch Ratings.

For 2011 it will be more of the same where low natural gas prices and the gas-crude oil price relationship are concerned, according to analysts at Fitch Ratings.

In an attempt to break up the “cozy relationship” between the Minerals Management Service (MMS) and the oil and natural gas industry, the Interior Department’s acting inspector general (IG) last Thursday raised the possibility of requiring companies that do business with the federal government in the future to comply with ethics standards. At the same time, President Obama appointed someone with an extensive law and order background to take over the agency.

In an attempt to break up the “cozy relationship” between the Minerals Management Service (MMS) and the oil and natural gas industry, the Interior Department’s acting inspector general (IG) Thursday raised the possibility of requiring companies that do business with the federal government in the future to comply with ethics standards.

Independent producers contend that the Environmental Protection Agency (EPA) is going “far beyond the scope” of what Congress directed the agency to study about the relationship between hydraulic fracturing (hydrofracing) and potential drinking water contamination.

Independent producers contend that the Environmental Protection Agency (EPA) is going “far beyond the scope” of what Congress directed the agency to study about the relationship between hydraulic fracturing (hydrofracing) and potential drinking water contamination.

Independent producers contend that the Environmental Protection Agency (EPA) is going “far beyond the scope” of what Congress directed the agency to study about the relationship between hydraulic fracturing (hydrofracing) and potential drinking water contamination.

The on-again off-again relationship between crude and natural gas markets was definitely back in the on-again position over the long weekend and during Monday’s regular session as a significant drop in crude futures values helped drag the August natural gas contract below pretty strong support at $3.500. Front-month natural gas futures ended up closing out the day at $3.487, down 12.8 cents from Thursday’s regular session close.

A close review of the historical relationship between energy prices and U.S. production and consumption of energy-intensive goods suggests that energy-intensive manufacturers are likely to face only modest competitiveness impacts under a cap-and-trade proposal to reduce greenhouse gas emissions, according to a study released by the Pew Center on global climate change Wednesday.