Spare

The regional natural gas pipeline gluts forecast for the Southeast and the Rockies in 2011 won’t spare the Marcellus Shale, where a lack of capacity to carry gas to New York City (NYC) along the eastern Pennsylvania border remains unresolved, said Societe Generale energy analysts.

The regional natural gas pipeline gluts forecast for the Southeast and the Rockies in 2011 won’t spare the Marcellus Shale, where a lack of capacity to carry gas to New York City (NYC) along the eastern Pennsylvania border remains unresolved, said Societe Generale energy analysts.

With Tropical Storm Alex expected to spare Gulf of Mexico production as it heads on a more westerly course, August natural gas futures — in their first regular session action as the front-month contract — continued to back off the recent highs on Tuesday as hurricane premium dissipated. The August contract reached a low of $4.525 before closing the regular session at $4.548, down 18.5 cents from Monday’s finish.

With path predictions surrounding Hurricane Wilma currently looking more and more as if the storm will spare the producing areas of the Gulf of Mexico, energy traders sighed in relief Tuesday. Gapping lower by over 50 cents following the overnight Access trading session, November natural gas on Tuesday ended up settling at $13.421, down 46.6 cents on the day.

lehman price forecast

Continued strength in oil prices, strong demand growth, limited spare capacity within OPEC and ongoing challenges to grow production and add reserves have led Lehman Brothers to once again raise oil and gas price forecasts through 2005.

Every spare molecule of gas, drop of oil and electron is being used up and the world faces a “meltdown” of its economy unless more supplies are found, a leading energy pundit warned a capacity crowd last week at the Offshore Technology Conference in Houston.

Every spare molecule of gas, drop of oil and electron is being used up and the world faces a “meltdown” of its economy unless more supplies are found, a leading energy pundit warned a capacity crowd Monday at the Offshore Technology Conference in Houston.

The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.