Tuesday’s April futures rebound of 31.4 cents was only partially successful in resurrecting the cash market Wednesday due to the imminent start of spring keeping a lid on heating load. A moderate majority of points recorded gains, but most of those were around a dime or less, and quite a lot of flat to a little more than 35 cents lower numbers were in the cash market mix.
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House Dems Ponder Resurrecting Tax Package
House Democratic leaders are considering resurrecting as early as this week a failed $21 billion energy tax package to fund renewable energy by rolling back tax incentives for traditional oil and natural gas.
February 12, 2008
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