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Consultant: Prices Poised to Fall Below $4 Without Severe Winter Cold

Only a much colder than normal winter would stop gas prices from falling below $4 in the next few months, according to consultant Stephen Smith, who sees a significant supply surplus built into the market because of lasting demand destruction and new supply from non-traditional resources.

September 26, 2003

Raymond James: Increased Drilling Activity Fails to Up Gas Production

The 30% increase in U.S. drilling activity since last year has failed to stop the steady decline of natural gas production, which should continue to fall “well into 2004,” Raymond James analysts said in their latest “Stat of the Week.”

August 12, 2003

Arizona’s Chief Regulator Blames California Politics for Market Mess

Saying that it is time to stop “playing politics” and work with federal regulators to create a viable wholesale energy market, the head of Arizona’s Corporation Commission lashed out Monday at neighboring California officials from the governor on down to the regulators. He made his comments as part of a presentation to a regional energy conference in Las Vegas, NV.

July 21, 2003

Arizona’s Chief Regulator Blames California Politics for Market Mess

Saying that it is time to stop “playing politics” and work with federal regulators to create a viable wholesale energy market, the head of Arizona’s Corporation Commission lashed out Monday at neighboring California officials from the governor on down to the regulators. He made his comments as part of a presentation to a regional energy conference in Las Vegas, NV.

July 16, 2003

Brutal Chill to Send Gas Bills Up, Up and Away

Any skepticism over a “Siberian Express” arctic cold front making a stop in the Lower 48 was quickly wiped away last week as temperatures plummeted into the teens, 20s and low 30s across much of the Northeast, Midwest and Midcontinent. The only question left was just how long it would be parked over the central and eastern regions of the United States.

January 20, 2003

SSB’s Davis Sees ‘Siberian Express’ Making Extended Stopover

Any skepticism over a “Siberian Express” arctic cold front making a stop in the Lower 48 has been frozen off and the only question left is just how long it will stay the central and eastern regions of the United States.

January 17, 2003

Lawmakers Press FERC to Abandon SMD for U.S. Power Markets

Several Pacific Northwest lawmakers are urging FERC to stop pursuing its proposed standard market design (SMD) for U.S. wholesale electricity markets, saying that Congress hasn’t given the federal agency the green light to pursue such an undertaking and arguing that the proposal does not take into account the distinct nature of the Northwest’s energy grid.

October 7, 2002

First Nation Chiefs Threaten to Cancel Gas Leases Without Royalty Payments

Canada’s Stoney First Nation chiefs threatened Tuesday to stop renewing leases for oil and gas companies that operate on their lands unless a Canadian agency collects from the companies more than C$10 million (US$6.4 million) they allege their tribes are owed in royalties. The gas-rich fields located on the Stoney lands include Shell Canada’s Jumping Pound field and the Wildcat Hills field of Petro-Canada. Both companies said Tuesday they would pay their share of royalties, but want the government to resolve the issue.

May 6, 2002

FERC Asked to Halt Construction of VA Storage Facility

Minnesota-based Cargill Inc. has asked FERC to issue a cease-and-desist order to stop Saltville LLC, an affiliate of Duke Energy and NUI Corp., from carrying out the allegedly “unlawful construction” of a jurisdictional salt cavern storage facility without certificate authorization from the Commission.

January 28, 2002

FERC Asked to Halt Construction of VA Storage Facility

Minnesota-based Cargill Inc. has asked FERC to issue a cease-and-desist order to stop Saltville LLC, an affiliate of Duke Energy and NUI Corp., from carrying out the allegedly “unlawful construction” of a jurisdictional salt cavern storage facility without certificate authorization from the Commission.

January 25, 2002