A growing chorus of weather prognosticators are singing the same tune, predicting a relatively warm weather across most of the United States this winter. In separate reports issued last week forecasters at AccuWeather.com and WSI Corp. added their voices to the mix.
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Heat Still Around, But Unable to Sustain Higher Prices
As Sonny and Cher came close to singing, “The heat goes on.” Yet despite another day Wednesday of searing hot weather in key market areas with prospects for more of the same today, the overall market was moderately softer. A screen advance of about a nickel failed to lend support to cash prices.
MCN Decides to Hold On to Michigan E&P, Changes Strategy
MCN Energy Group continued singing the blues to investors lastweek with an announcement that it canceled its Michigan E&Passet sale and took a huge financial loss during the secondquarter. But company officials promised to turn things around witha new executive leadership team and a narrower,vertically-integrated business strategy.