Rep. Joe Barton (R-TX) was taken to a Washington, DC-area hospital Thursday after suffering a heart attack following a conference committee session on Capitol Hill. Barton, 56, was “resting comfortably after Thursday evening’s heart attack,” his office reported. His physician, Dr. Jonathan Samuel Reiner of George Washington University Hospital, “has expressed…confidence in a full and complete recovery,” said a Barton press aide in a statement. The aide added that she expected Barton to go home within a few days. Barton is chairman of the powerful House Energy and Commerce Committee and was one of the chief architects of the Energy Policy Act of 2005, which Congress passed in July.
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DC Council Slams DOE Budget Cuts for Efficiency R&D, Sees Gas Suffering
The Department of Energy’s (DOE) proposed $88 million in budget cuts for energy efficiency research and development in fiscal 2005 marks a “retreat” from the agency’s prior commitment to tackle escalating natural gas prices, said the American Council for an Energy-Efficient Economy (ACEEE).
After a 20-Cent Drop, Bulls Regroup
After suffering though a week’s worth of daily advances, bears finally got their chance Monday as extremely mild weather forecasts turned last week’s buyers of natural gas futures into sellers. When a quick uptick at the opening bell failed to surpass Friday’s $5.295 high, sell orders flooded into the trading pit. It took just an hour for the September contract to drop 25 cents Monday morning, nullifying about two-thirds of last week’s advance. It closed for the session at $5.083, down 19.7 cents on the day.
S&P Analyst Says Pipeline Builders Suffering from ‘Morning After’ Feeling
Driven in recent years by a surge of electric power plant construction that is only now subsiding, the accompanying boom in new natural gas pipeline projects and expansions is showing signs of exhaustion, according to a new report from Standard & Poor’s Ratings Services (S&P).
S&P Analyst Says Pipeline Builders Suffering from ‘Morning After’ Feeling
Driven in recent years by a surge of electric power plant construction that is only now subsiding, the accompanying boom in new natural gas pipeline projects and expansions is showing signs of exhaustion, according to a new report from Standard & Poor’s Ratings Services (S&P).
History Repeats Itself in Current Liquidity Crunch
The power industry may be suffering now from a liquidity crunch, but it’s not the first time for the sector, and history may offer some “important” lessons, according to a Standard & Poor’s credit analyst.
TradeSpark Rebounds, Eyes Potential Clearing Services
After suffering through the World Trade Center tragedy, electronic energy marketplace TradeSpark LP managed a significant rebound, producing transaction, volume and revenue growth. The trading system, which was formed by eSpeed, Inc., Cantor Fitzgerald and five of the largest U.S. energy producers/distributors, traded more than $40.2 billion (notional value) in energy products in the fourth quarter and more than $150 billion since its inception in October 2000, the company said on Tuesday.
TradeSpark Rebounds, Eyes Potential Clearing Services
After suffering through the World Trade Center tragedy, electronic energy marketplace TradeSpark LP managed a significant rebound, producing transaction, volume and revenue growth. The trading system, which was formed by eSpeed, Inc., Cantor Fitzgerald and five of the largest U.S. energy producers/distributors, traded more than $40.2 billion (notional value) in energy products in the fourth quarter and more than $150 billion since its inception in October 2000, the company said on Tuesday.
Friday Advance Belies Potential Technical Weakness
After suffering a 9-cent setback late Wednesday afternoon,natural gas futures held their ground Thursday as traders electedto play it safe ahead of the holiday weekend. The May contractchecked to either side of unchanged, but ultimately finished inpositive territory, up 1.8 cents at $3.073. A narrow 4-cent tradingrange and a modest 54,989 in estimated volume were evidence of thequiet trade Thursday.
Futures Decline Brings Bears out of Hibernation
After suffering expiration-day losses in both regular and Accesstrading sessions Wednesday, natural gas futures made a feebleattempt at higher ground before ultimately slipping lower at theclosing bell yesterday. With that the May contract finished itsfirst day as prompt month with a 3.5 cent decline to $2.83. Volumewas extremely weak with just 48,969 contracts changing hands.