Dismissing a natural gas storage injection report that was right in line with industry estimates, expiring September natural gas futures pushed to a new low for the move at $2.692 before rebounding to go off the board at $2.843, down 6.7 cents from Wednesday’s finish. The October contract dropped 8.8 cents to close at $3.206.
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Obama, Salazar Open OCS to Wind; Atlantic Projects First in Line
Offshore wind power advocates received a firm gust in the right direction on Earth Day after President Obama and Interior Department Secretary Ken Salazar revealed guidelines aimed at clearing the way for the development of major offshore wind power projects on the U.S. Outer Continental Shelf (OCS).
Millennium Pipeline Enters Full Service
The much-anticipated Millennium Pipeline, which had been planned for a decade and experienced a series of delays right up until last week, was placed into complete service Monday morning and deliveries to its anchor shippers have begun, Millennium Pipeline Co. LLC said.
Arizona Study: Gas Problematic; Electricity Rates to Soar
Higher electricity prices are inevitable, and it is a matter of choosing the right mixture of power generation sources to keep retail rates from increasing as much as 80% by 2020, according to a draft study released in June assessing Arizona’s energy future. The “Powering Arizona: Choices & Tradeoffs for Electricity Policy” study was conducted by Arizona State University (ASU) and a California-based nonprofit group, The Communications Institute.
Arizona Study: Gas Problematic; Electricity Rates to Soar
Higher electricity prices are inevitable, and it is a matter of choosing the right mixture of power generation sources to keep retail rates from increasing as much as 80% by 2020, according to a draft study released in June assessing Arizona’s energy future. The “Powering Arizona: Choices & Tradeoffs for Electricity Policy” study was conducted by Arizona State University (ASU) and a California-based nonprofit group, The Communications Institute.
NOAA Forecasts ‘Near-Normal’ or ‘Above-Normal’ Hurricane Season
With the official start of the 2008 Atlantic hurricane season right around the corner on the first of June, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC) straddled the fence Thursday in its forecast by announcing that projected climate conditions point to a near-normal or above-normal hurricane season in the Atlantic Basin this year.
NOAA Forecasts ‘Near-Normal’ or ‘Above-Normal’ Hurricane Season
With the official start of the 2008 Atlantic hurricane season right around the corner on the first of June, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC) straddled the fence late last week in its forecast by announcing that projected climate conditions point to a near-normal or above-normal hurricane season in the Atlantic Basin this year.
Alaska Judge Sides With State in Point Thomson Lease Take-Back
An Alaska Superior Court judge at the end of December ruled that the state’s Department of Natural Resources (DNR) was in the right when it rejected the 22nd plan of development for the state’s Point Thomson oil and gas field.
Alaska Judge Sides With State in Point Thomson Lease Take-Back
An Alaska Superior Court judge Thursday ruled that the state’s Department of Natural Resources (DNR) was in the right when it rejected the 22nd plan of development for the state’s Point Thomson oil and gas field.
Futures Test $7 Psychological Support Despite Winter Storms
Picking up right where they left off late last week, January natural gas futures continued to scout lower price levels on Monday, even as winter storms simultaneously brought chilly temperatures to the Northeast and Northwest. The prompt-month contract touched a low of $7.060 in the regular session Monday before rebounding to close at $7.214, down 8.8 cents from Friday.