Shortfall

The global oil market faces a supply shortfall of 4.5 million b/d by 2035 if exploration success — and investments — aren’t stepped up, Wood Mackenzie researchers are forecasting.

The Monterey Shale’s oil reserves could offer California a way out of any economic shortfall, according to Navigant Consulting’s energy director.

The Commodity Futures Trading Commission (CFTC) has opened an investigation into the bankruptcy of securities firm MF Global Inc. and a $600 million shortfall in customer securities.

Wyoming is facing a potential budget shortfall exceeding $100 million due to rapidly declining natural gas prices in a state highly dependent upon the shale boom and its related economic drivers, Gov. Matt Mead said Tuesday in Cheyenne.

The Commodity Futures Trading Commission (CFTC) has opened an investigation into the bankruptcy of securities firm MF Global Inc. and a $600 million shortfall in customer securities.

Because of an anticipated funding shortfall for fiscal year (FY) 2012, the Commodity Futures Trading Commission (CFTC) may need additional authority from Congress to impose user fees on traders of futures and swaps to implement the new regulations required under the Dodd-Frank Wall Street Reform Act, said CFTC Commissioner Bart Chilton.

Alaska’s Chugach Electric Association struck a seven-year gas supply contract with ConocoPhillips that is expected to head off a significant supply shortfall that had been expected by the utility. As part of the deal, Chugach, the largest electric utility in the state, dropped a challenge to a liquefied natural gas (LNG) license extension that had been awarded to Alaska producers.

Alaska’s Chugach Electric Association struck a seven-year gas supply contract with ConocoPhillips to head off a significant supply shortfall that had been expected by the utility. As part of the deal, Chugach, the largest electric utility in the state, dropped a challenge to a liquefied natural gas (LNG) license extension that had been awarded to Alaska producers.

The shortfall in funding for total energy infrastructure (electricity, natural gas, petroleum and other fuels) in Arizona is estimated to be a $109 billion issue, according to a report released last month by the Arizona Investment Council. The state faces “important and difficult decisions,” L. William Seidman Research Institute at Arizona State University’s business school wrote in the report.