Risk

El Paso Corp. sees some “risk” in natural gas prices over the next two to three years, and while capital markets have improved, the company’s not yet convinced that it’s a long-term recovery, CEO Doug Foshee said Thursday.

U.S. lawmakers “vastly overstate” how quickly business can reduce carbon emissions, and they could risk an economic collapse if unrealistic reduction mandates are imposed, Chevron Corp. CEO Dave O’Reilly said Thursday in Boston.

U.S. lawmakers “vastly overstate” how quickly business can reduce carbon emissions, and they could risk an economic collapse if unrealistic reduction mandates are imposed, Chevron Corp. CEO Dave O’Reilly said Thursday in Boston.

FERC last Wednesday warned interstate natural gas pipelines that they face the risk of stiff penalties if they fail to comply with the agency’s requirement to report transportation contracts containing deviations from their pro forma open-access tariffs.

FERC Wednesday warned interstate natural gas pipelines that they face the risk of penalties if they fail to comply with the agency’s requirement to report transportation contracts containing deviations from their pro forma open-access tariffs.

Citing the risk of a “prolonged” global economic downturn and the drop in Henry Hub natural gas prices from their summer highs, Standard & Poor’s (S&P) Friday slashed its natural gas prices by $2 to $7/MMBtu for 2009 and 2010, and said that in 2011 and beyond, gas prices would average $6.

Citing the risk of a “prolonged” global economic downturn and the drop in Henry Hub natural gas prices from their summer highs, Standard & Poor’s (S&P) Friday slashed its natural gas prices by $2 to $7/MMBtu for 2009 and 2010, and said that in 2011 and beyond, gas prices would average $6.

There were further indications recently of a sea change in public attitudes toward offshore drilling when a public opinion poll sample in Massachusetts, a bastion of liberalism and environmentalism, indicated that a majority of state residents favored drilling off their New England coast.

Plummeting crude values, a near-term reduction in weather-related demand, a strong showing from the U.S. dollar and less risk from Hurricane Bertha combined on Tuesday to help August natural gas futures record its second consecutive day of a 60-cent decline. The prompt-month contract recorded a late regular session low of $12.355 before closing out the day at $12.368, down 60.9 cents from Monday’s finish.