For nearly two straight years U.S. natural gas output has climbed almost continuously — and 2012 could see even stronger growth, according to the energy team at Raymond James & Associates Inc.
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Pennsylvania Governor Opposes Forced Pooling
Countering claims that he moves in lockstep with the industry on Marcellus Shale issues, Pennsylvania Gov. Tom Corbett spoke out against forced pooling in a speech Tuesday before a Pittsburgh audience.
Fracking No Harm to Underground Water, Says Pennsylvania Regulator
John Hanger, secretary of the Pennsylvania Department of Environmental Protection, said late last week he had seen no evidence that hydraulic fracturing (hydrofracking) chemicals used to drill for shale gas contaminate underground water supplies.
Counterparty Risk Key Following Credit Downgrades
The current decline in market liquidity is an unfortunate but inevitable consequence of the energy trading and accounting scandals that have arisen since the fall of the house of Enron. Sources in all market areas report seeing a gradual shrinking of liquidity as their risk management officials put various counterparties off-limits due to questions about their creditworthiness or reputation.