October natural gas fell hard Friday in a sympathetic move with free-falling equity and oil markets. October lost 17.8 cents to $3.872 and November retreated 17.6 cents to $3.990. October crude oil fared as poorly, losing $2.48 to $86.45/bbl.
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Pennsylvania’s New Governor to Cancel Drilling Moratorium
Marcellus Shale drillers in Pennsylvania will gain a sympathetic ear in January when Gov.-elect Tom Corbett takes office.
Market a ‘Tough Call’; July Jumps 22.5 Cents
July natural gas futures surged in a sympathetic move with crude oil and concerns of modest supply increases. July natural gas rose 22.5 cents to $12.660 and August advanced 23.3 cents to $12.749. Hyper-volatile July crude oil rocketed higher by $5.07 to $136.38.
Hebert Says California Has ‘Grasp’ on Power Crisis
Although he’s “sympathetic” to the plight of electric customersin California, FERC Chairman Curt Hebert Jr. said last week hebelieves the Commission should stay clear of the state and let itsolve its own problems — at least for now.
Hebert: CA Has ‘Grasp’ on Crisis
Although he is “sympathetic” to the plight of electric customersin California, FERC Chairman Curt Hebert Jr. said yesterday hebelieves the Commission should stay clear of the state and let itsolve its own problems — at least for now.