Secret

Chesapeake Energy CEO Aubrey McClendon has made no secret that he sees a market growth play for natural gas in growing concern over global warming and disaffection for “dirty” coal-fired power plants. And Friday he minced no words in promising that his company has the natural gas to fuel much of the power generation the country will need. If McClendon is right, Chesapeake could be the nation’s No. 3 gas producer by year-end and No. 1 in as few as 18 months.

A federal appeals court in Washington, DC, scuttled a watchdog group’s efforts to obtain records and documents related to the secret deliberations of the national energy policy task force.

With gas futures prices topping out at $7.70/MMBtu Thursday, it’s no secret that there is a natural gas supply problem in North America. Consultants at Energy and Environmental Analysis Inc. (EEA) say that problem will get even worse before it gets better, with Henry Hub gas prices averaging $7.50 all of next year and $8.50 in 2007. The current 2007 futures strip is about $1.00 less than that.

While it’s no secret the majors are looking overseas for high returns, a new study by John S. Herold shows a much larger capital spending exodus from the United States than previously thought.

While it’s no secret the majors are looking overseas for high returns, a new study by John S. Herold shows a much larger capital spending exodus from the United States than previously thought.

It’s no secret natural gas prices flew through the roof a few years ago and still remain well above the historical ceiling, but few would believe that over the last 41 months gas consumers (residential, commercial and industrial) have paid $111 billion more than they had the previous 41 months.

It’s no secret natural gas prices flew through the roof a few years ago and still remain well above the historical ceiling, but few would believe that over the last 41 months gas consumers (residential, commercial and industrial) have paid $111 billion more than they had the previous 41 months.

A federal judge in Washington, DC has ordered the Department of Energy (DOE) to turn over secret documents identifying the individuals, companies and groups that Vice President Dick Cheney and his task force met with when developing the Bush administration’s national energy policy last year.

After watching July prices tunnel lower into expiration Wednesday, natural gas traders were content to take a breather yesterday, choosing to wait for new fundamental or technical clues instead of blindly reestablishing a position in August futures. As a result, the new prompt month had a hard time getting out of its own way, sifting sideways to close a scant 0.6 cents lower at $3.28.