New Jersey Gov. Chris Christie on Thursday issued a conditional veto of legislation that would have permanently prohibited wells in the state from being hydraulically fractured (fracked). However, the Republican governor issued a one-year moratorium on the well stimulation technique and recommended that state lawmakers take up the bill again and revise it.
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September Inches Up 1.6 Cents in Quiet Day of Trading
After reaching the lowest levels since early March, the gas futures market got a boost last week from a smaller than expected storage injection and a downward revision to prior storage data on Thursday, which provided just enough steam for the September contract to end the week closer to its weekly high of $2.80 than Wednesday’s low of $2.64. However, September only managed to eke out a small 1.6-cent gain on Friday, ending the day at $2.761, just above its daily low of $2.755. Volume was light at 38,527, compared to 95,207 on Thursday.
August 12, 2002
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