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The softening trend of cash prices appeared to have slowed to a near-standstill Tuesday as most losses were in single digits that day and were nearly offset by flat to higher locations. However, larger drops extended to a majority of points on the following day, and the downhill momentum got even steeper Thursday as mostly large declines (all in double digits) swept through the entire market.

The speed with which advanced energy technologies are developed and adopted will be the single most important factor in determining how quickly and at what cost greenhouse gas (GHG) emissions can be reduced, according to a report issued Thursday by the U.S. Chamber of Commerce’s Institute for 21st Century Energy. But the prospect of an effective international climate change deal coming out of the United Nations (UN) Climate Change Conference, which is scheduled for early December in Copenhagen, Denmark, “is not very bright,” the report concludes.

A cap-and-trade scheme to regulate greenhouse gas emissions would be “the single largest tax in the history of our nation,” Texas Gov. Rick Perry told attendees at the Interstate Oil and Gas Compact Commission (IOGCC) annual meeting in Biloxi, MS, last Monday. Perry was named chairman of the group of governors from oil- and gas-producing states.

A cap-and-trade scheme to regulate greenhouse gas emissions would be “the single largest tax in the history of our nation,” Texas Gov. Rick Perry told attendees at the Interstate Oil and Gas Compact Commission (IOGCC) annual meeting in Biloxi, MS, Monday. Perry was named chairman of the group of governors from oil- and gas-producing states.

What had been only a moderately soft market Wednesday with mostly single-digit losses and some western gains tossed into the mix appeared to be turning into a near-rout Thursday as fairly large double-digit losses extended across the board. A continuing dearth of weather-based demand — in either the form of cooling or heating — was abetted by a prior-day futures decline of 3.4 cents in quashing cash quotes.

Eighty-four natural gas pipeline projects were completed last year in the Lower 48 states, representing the most pipeline construction activity in a single year in more than a decade, the Energy Information Administration (EIA) said in a report issued Wednesday. Construction activity was robust everywhere but in the West.

Transco said it will be replacing mainline sections Wednesday through Saturday downstream of Station 35 near Houston. The work will be in a single-line section of its system, Transco said, and thus will isolate all points upstream of Station 35 from downstream points. Three meters will not be available during the outage, Transco said. It expected to keep FT services whole for shippers during the outage. See the bulletin board for further details.

ExxonMobil Corp. CEO Rex Tillerson told shareholders last week “no single energy source exists today” to move the world significantly beyond using natural gas, oil and coal for decades. To 2030 “and beyond,” he said, only fossil fuels will solve the growing demand for energy.

ExxonMobil Corp. CEO Rex Tillerson said Wednesday “no single energy source exists today” to move the world significantly beyond using natural gas, oil and coal for decades. To 2030 “and beyond,” he said, only fossil fuels will solve the growing demand for energy.