Robust

In anticipation of a robust market for carbon emissions credits, the Commodity Futures Trading Commission (CFTC) is discussing how to keep track of what could become the largest commodity market in the world ($2 trillion within five years) if climate change legislation becomes law later this year.

In anticipation of a robust market for carbon emissions credits, the Commodity Futures Trading Commission (CFTC) is discussing how to keep track of what could become the largest commodity market in the world ($2 trillion within five years) if climate change legislation becomes law later this year.

Promising results onshore, especially in the Marcellus Shale and in the Maverick Basin, combined with robust activity in the U.S. offshore, will keep Anadarko Petroleum Corp. poised to strike once the economy and natural gas prices gain strength. But until then the company plans to tread cautiously, CEO Jim Hackett said Thursday.

Promising results onshore, especially in the Marcellus Shale and in the Maverick Basin, combined with robust activity in the U.S. offshore, will keep Anadarko Petroleum Corp. poised to strike once the economy and natural gas prices gain strength. But until then the company plans to tread cautiously, CEO Jim Hackett said Thursday.

Giving a nod to robust production growth from U.S. unconventional gas plays and depressed commodity prices, a new report out of Fairbanks, AK, raises doubts about the prospects of a long-haul pipeline to tap Alaskan North Slope gas for delivery to Lower 48 markets.

Giving a nod to robust production growth from U.S. unconventional gas plays and depressed commodity prices, a new report out of Fairbanks, AK, raises doubts about the prospects of a long-haul pipeline to tap Alaskan North Slope gas for delivery to Lower 48 markets.

Prices continued to rise Wednesday at nearly all points as heating load, though getting a bit lighter, remained fairly robust and was joined by prior-day futures support after the November contract rose 6.5 cents Tuesday.

Based on the season’s first burst of truly robust heading load in many areas, which is expected to be short-lived, most points were able to rally Monday. The restoration of industrial demand following a weekend also contributed to the overall firmness, which occurred despite Friday’s 18-cent drop by October futures.

Bearish indicators for oil prices and robust natural gas production inform a lower 2008-2010 gas price outlook held by Stephen Smith Energy Associates. For this year the group is forecasting a $9.30/MMBtu average Henry Hub price, down from a previous estimate of $9.47/MMBtu.