Electric deregulation has lost its luster for large retail energy consumers, according to a new survey by RKS Research & Consulting. With California’s energy catastrophe, Enron’s collapse, the weak economy and Sept. 11 weighing heavily on their minds last year, 402 key energy consumers in general lost interest in electric deregulation, North Salem, NY-based RKS said.
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Raymond James Predicts Another ‘Gas Crisis’ Ahead; Some Disagree
Analysts at Raymond James & Associates predicted last week in a research note that “the U.S. will be in the midst of another full-blown natural gas crisis within the next 12 months” because of an economic recovery and a decline in gas drilling. Several prominent industry consultants, however, quickly labeled the remarks sensationalism designed to grab headlines and sell energy stocks.
Gas Market Fundamentals Expected to Improve — but Not Soon
Cambridge Energy Research Associate’s Tom Robinson said this week that by the end of the year his firm expects gas market fundamentals to begin showing signs of improving with the gas supply bubble deflating significantly. And while there will be plenty of supply through 2002, said Robinson, it will, of course, depend on how hot it is this summer.
Poll Finds Montana Voters Concerned about Rates, New Plants
The poll, taken Dec. 14-17, was conducted by Mason-Dixon Polling & Research Inc. of Washington, DC, with 625 registered voters polled. The margin of error is plus or minus 4%.
NYPSC Deems Gas Supplies Adequate; Prices Lower
After conducting its own research, the New York State Public Service Commission (NYPSC) said gas supplies are “sufficient” to meet forecasted demands of New York State customers this winter and prices are expected to be lower than last winter.
MT Citizen Groups Mull Energy Ballot Initiative Push
Several consumer groups in Montana, including the local chapter of the Public Interest Research Group (PIRG), want to pursue ballot initiatives that would call for the repeal of sections of the state’s deregulation law and a ratepayer rebate that would be funded by excess profits from generators.
UBS Warburg Lowers Gas Price Forecast Again
UBS Warburg analyst Ronald J. Barone said in a research note on Friday that he was once again “compelled” to lower his natural gas spot price forecast because of the continuing decline in gas prices and the rapid rise in gas storage levels.
LNG Market Predicted to Double by 2011, Triple by 2020
Following a stream of industry announcements, Cambridge Energy Research Associates has now put its stamp on liquefied natural gas growth, predicting that the “fundamental” changes worldwide in natural gas availability and potential shifts in pricing, downstream markets and available capital will position LNG to become a “major global energy player over the coming 20 years,” with demand as much as tripling by 2020.
LNG Market Predicted to Double by 2011, Triple by 2020
Following a stream of industry announcements, Cambridge Energy Research Associates has now put its stamp on liquefied natural gas growth, predicting that the “fundamental” changes worldwide in natural gas availability and potential shifts in pricing, downstream markets and available capital will position LNG to become a “major global energy player over the coming 20 years,” with demand as much as tripling by 2020.
Texas Web Site to Offer Oil, Gas Data
Texas oil and gas well records, production reports, geologicaldata and research information is now available online at the TexasRailroad Commission’s web site (www.rrc.state.tx.us). The serviceswill allow users to browse the history of an estimated 132 millionpages of documents collected for more than one million wells in68,000 oil and gas fields in the state.