The U.S. natural gas market — and thus, long-term gas prices — won’t be upended because of the unconventional resource “revolution” because marginal costs ultimately determine gas prices, according to Morningstar.
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Top North American Gas Marketers (Bcf/d)
Sluggish economy and demand have gas market continuing to search for markets, analyst says. read more
California Reports Progress on Renewables
Despite the sluggish economy and low natural gas prices, renewable power generation continued to grow in California this year, according to the latest status report. The progress appears modest, however, compared to the state’s new renewable portfolio standard (RPS) of 33% by 2020.
NGSA: Economy, Warm Weather to Pressure Winter Gas Prices
A sluggish economy and warmer weather, coupled with an increase in production, will likely keep natural gas prices flat for the 2011-2012 winter season, the Natural Gas Supply Association (NGSA) said.
Natural Gas Prices Predicted to Remain Flat This Winter
A sluggish economy and warmer weather, coupled with an increase in production, will likely keep natural gas prices flat for the 2011-2012 winter season, the Natural Gas Supply Association (NGSA) said Tuesday.
Energy Jobs Picture Improves as GOM Moratorium Lifted
More than 60,000 jobs have been lost in the Gulf of Mexico (GOM) region since 2008 due to the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups.
Study Sees Strong Gulf Employment If Permitting Picks Up
More than 60,000 jobs have been lost in the Gulf of Mexico region since 2008 due the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups
Chamber Study Identifies 351 Stalled Energy Projects in U.S.
About 351 energy projects — both conventional and alternative — have been stopped in their tracks nationwide due to a sluggish permitting process and environmental opponents, costing the U.S. economy $1.1 trillion in gross domestic product (GDP) over a seven year period and 1.9 million jobs annually, according to a report released by the U.S. Chamber of Commerce last Thursday.
Chamber Study Identifies 351 Stalled Energy Projects in U.S.
About 351 energy projects — both conventional and alternative — have been stopped in their tracks nationwide due to a sluggish permitting process and environmental opponents. This is costing the U.S. economy $1.1 trillion in gross domestic product (GDP) over a seven year period and 1.9 million jobs annually, according to a report released by the U.S. Chamber of Commerce Thursday.
UN Report Points to Less Production, Speculators for High Prices
The upward pressure on energy and other commodity prices worldwide has been because of the “sluggish response of production to rising demand, particularly for energy and metals and minerals,” according to a United Nations report. However, the influx over the last three years of a large number of speculators with no interest in the commodity itself “may have distorted” near term and futures prices.