Concerned that hydraulic fracturing (fracing) by Pennsylvania natural gas producers could threaten drinking water, state Rep. Phyllis Mundy (D-Luzerne) said she would introduce legislation to enact a one-year moratorium on new gas drilling and tighten restrictions on horizontal drilling and hydraulic fracturing. Her announcement is similar to one made by a Republican lawmaker last Friday.
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Futures Remain Range-Bound Following 132 Bcf Storage Withdrawal
After plunging lower Thursday morning to temporarily threaten the psychological $7 level following the Energy Information Administration’s (EIA) 132 Bcf storage withdrawal report, April natural gas rebounded later in the session to settle at $7.288, down 1.2 cents from Wednesday.
Scientists Clear Industry of Blame for Gas in Water Wells
A two-year investigation has identified the prime suspect behind environmental horror stories that threaten to stunt the growth of infant coalbed methane production in Canada — and the culprit is not the industry. The report squashes a major source of public opposition to developing the province’s estimated 500 Tcf endowment of coalbed methane, in seams the right thickness and depth to be considered candidates for development.
Scientists Clear Industry of Blame for Gas in Water Wells
A two-year investigation has identified the prime suspect behind environmental horror stories that threaten to stunt the growth of infant coalbed methane production in Canada — and the culprit is not the industry. The report squashes a major source of public opposition to developing the province’s estimated 500 Tcf endowment of coalbed methane, in seams the right thickness and depth to be considered candidates for development.
Natural Gas Prices Expected to Remain Relatively High in Coming Years, Analysts Say
As prompt-month natural gas futures prices continue to threaten their all-time record regular session high of $10.10, the only thing that remains fairly certain when looking at the entire natural gas complex is that prices will continue to be relatively high and volatile.
Regions Turning to Gas-Fired Units in Wake of Reduced Coal Deliveries
While reduced coal deliveries from the Powder River Basin (PRB) shouldn’t threaten electric reliability in the U.S., in order to meet the energy resource shortfall, power entities in various parts of the country are taking several measures including replacing affected generation with more expensive gas-fired units.
Increasing Aboriginal Claims Threaten Viability of Mackenzie Pipeline Project
Increasing demands and roadblocks by aboriginal groups in Canada are contributing to fears the Mackenzie Valley Gas Pipeline Project may suffer the same fate of a similar Mackenzie project nearly 25 years ago, which was abandoned in the face of aboriginal rights claims.
Increasing Aboriginal Claims Threaten Viability of Mackenzie Pipeline Project
Increasing demands and roadblocks by aboriginal groups in Canada are contributing to fears the Mackenzie Valley Gas Pipeline Project may suffer the same fate of a similar Mackenzie project nearly 25 years ago, which was abandoned in the face of aboriginal rights claims.
Futures Continue Lower, Threaten $6 Mark
Continuing its sell-off from last week in search of support, the July natural gas futures contract came close to breaching the $6 level in early afternoon trading before closing at $6.207, down 5.4 cents on the day.
Utility Exec: Emissions Bill Could Threaten Grid Reliability
Legislation pending on Capitol Hill that seeks to cut emissions of power plant pollutants would force electric utilities to jumpstart a “massive construction effort” in order to meet the compliance timeframe included in the measure, Gerard Anderson, president of DTE Energy Resources, told a Senate panel last Thursday. That construction effort, in turn, would hike the cost of power and in many regions impact the reliability of the overall electric grid, Anderson said.