Speed

“Damn the fundamentals; full speed ahead!” as the Civil War’s Admiral David Farragut might have said if asked to analyze the modern-day spot gas market. A smidgen of heating load in parts of Canada and the northern U.S., along with a wee bit of cooling demand from the desert Southwest through the western end of the South, did little to explain rising prices across the board Monday.

“Damn the fundamentals; full speed ahead!” as the Civil War’s Admiral David Farragut might have said if asked to analyze the modern-day spot gas market. A smidgen of heating load in parts of Canada and the northern U.S., along with a wee bit of cooling demand from the desert Southwest through the western end of the South, did little to explain rising prices across the board Monday.

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 last week 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.

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.

Royal Dutch Shell plc’s incoming chief executive Wednesday announced a restructuring intended to streamline operations, cut overhead and speed decision-making. The changes are expected to affect thousands of the company’s 102,000 employees. The move follows project delays and cost overruns that have angered investors.

Alaska Republican Sens. Lisa Murkowski and Ted Stevens Wednesday introduced legislation that seeks to speed up the permitting and construction of a natural gas pipeline from Alaska’s North Slope to the Lower 48 states.

Alaska Republican Sens. Lisa Murkowski and Ted Stevens last Wednesday introduced legislation that seeks to speed up the permitting and construction of a natural gas pipeline from Alaska’s North Slope to the Lower 48 states.

EnCana Corp. on Thursday mapped out its spending plans for 2007, announcing it will shift to a cruising speed and trim its capital budget by 6% to minimize ongoing high service costs. Capital investments to expand natural gas output and fund an emerging oilsands business will be fueled by internally generated cash flow, supported by hedges on more than half of its forecasted production volumes.

EnCana Corp. on Thursday mapped out its spending plans for 2007, announcing it will shift to a cruising speed and cut its capital budget by 6% to minimize ongoing high service costs. Capital investments to expand natural gas output and fund its emerging oilsands business will be fueled by internally generated cash flow, supported by hedges on more than half of its forecasted production volumes.