Tapered

Imports into the United States of Canadian natural gas tapered sharply last heating season. Records of the U.S. Department of Energy confirm earlier reports by Canada’s National Energy Board (NEB) that the volume of trade contracted during the period fell when it normally peaks, at the same time that prices fell on glutted markets.

Deliveries to the United States tapered but favorable price and currency exchange trends kept Canadian natural gas exporters running in the black through the summer, igniting a drilling revival that has continued this fall.

Deliveries to the United States tapered but favorable price and currency exchange trends kept Canadian natural gas exporters running in the black through the summer, igniting a drilling revival that has continued this fall.

Canadian natural gas exports have tapered off in a gentle decline expected to foreshadow deeper drops through 2007, when reduced drilling and increased domestic industrial consumption are forecast to keep eroding supplies.

Canadian natural gas exports have tapered off in a gentle decline expected to foreshadow deeper drops through 2007, when reduced drilling and increased domestic industrial consumption are forecast to keep eroding supplies.

Foreign direct investment (FDI) in the domestic petroleum and natural gas industry rose at an astonishing rate of nearly 80% to $93 billion in 2000, outpacing the rate of growth of U.S. producers’ investments overseas for the first time in a decade.

Foreign direct investment (FDI) in the domestic petroleum and natural gas industry rose at an astonishing rate of nearly 80% to $93 billion in 2000, outpacing the rate of growth of U.S. producers’ investments overseas for the first time in a decade.