The Marcellus Shale industry and associated gas pipeline construction are a threat to the water supply, nearby roads and “aesthetic aspects” of a historic mountain resort community in rural Sullivan County, PA, according to conservation group Preservation Pennsylvania — problems that one local official says the entire rural county must prepare to face.
Articles from Threat
There was a slightly increased threat of a tropical storm reaching the Gulf of Mexico, a bit of residual cooling load concentrated in the Texas area, and several spotty patches of overnight cold scattered throughout the northern half of the U.S. and Canada. But the price rebound that had been growing stronger from Tuesday through Wednesday still faltered Thursday.
Buffeted by prior-day futures weakness, the lack of any tropical threat to offshore production and generally moderate temperatures for early July in many areas, cash prices fell by double-digit amounts at all points Friday. The usual weekend layoff of industrial load also played a bearish role.
Freeze-offs were becoming a very real threat to production Thursday as nearly all of the United States and Canada was experiencing lows in the 30s or below — often much below — that are expected to last into early next week in most cases. Abetted by a 37.2-cent futures gain a day earlier, most of the cash market responded to the onslaught of frigid weather with price spikes that exceeded a dollar in several cases, particularly in the Gulf Coast and Midcontinent.
The tail end of the uneventful 2009 Gulf of Mexico (GOM) hurricane season was punctuated last week by the threat of Hurricane/Tropical Storm Ida, which sent some offshore operators scurrying to evacuate crews and shut in production in the eastern GOM. However, Ida’s impact was short-lived and traders mostly yawned.
Undeterred by the potential threat of two powerful storm systems entering the Gulf of Mexico (GOM) over the weekend, natural gas futures traders on Friday hammered the December futures contract lower for much of the regular trading session. The prompt-month contract reached a low of $4.555 on the day before closing at $4.595, down 18.7 cents from Thursday’s close and 45 cents below the previous week’s finish.
The cap-and-trade system for controlling greenhouse gas emissions that is being promoted by the Obama administration and congressional Democrats is a “dead end” and “an enormous threat to our economy,” according to Alaska Gov. Sarah Palin.
Stating that it is now clear that the cyber threat is “one of the most serious economic and national security challenges we face as a nation,” President Obama on Friday said he plans to appoint a new advisor to head the nation’s strategy for securing its digital borders.
A price rally this year in the calendar 2010 (Cal10) New York Mercantile Exchange gas futures strip is the biggest threat to 2010 spot price recovery as stronger futures would accommodate more hedging and trigger a stronger drilling response among producers, analysts at Barclays Capital said last Tuesday.
Stating that it is now clear that the cyber threat is “one of the most serious economic and national security challenges we face as a nation,” President Obama on Friday said he plans to appoint a new adviser to head the nation’s strategy for securing its digital borders.