Unlikely

The New York Independent System Operator (NYISO) yesterday expressed confidence that both New York City and the state as a whole should be able to avoid blackouts this summer, but then acknowledged the Big Apple will have a “razor-thin” positive margin starting in July.

Market power “is unlikely to be the dominant factor and may not even be significant” in the run-up of power prices in the California market, according to a study prepared by Harvard Professor William Hogan and Scott Harvey, with LECG, LLC, an economic and management consulting company based in Cambridge, MA.

Market power “is unlikely to be the dominant factor and may not even be significant” in the run-up of power prices in the California market, according to a study prepared by Harvard Professor William Hogan and Scott Harvey of LECG LLC, an economic and management consulting company based in Cambridge, MA.

The general market continued its downslide Wednesday, and traders saw very little chance of a near-term rebound, citing further screen softness, a storage injection report that significantly exceeded all prior expectations, and expectations that the out-of-season blasts of winter hitting much of the U.S. this week are about to go away.

Despite record high rig counts, natural gas production is unlikely to add the 1 Tcf in new supplies necessary “to bring some comfort back to the market” this year, PACE Global Energy Services said in predicting gas prices will remain above $5.00 in 2001.

Is the market in early meltdown stage? At least one traderthought so, saying, “Yep, it sure looks that way” after the screentacked on a second straight day of double-digit losses Wednesdayand was joined by the cash market recording price drops rangingbetween a dime and a little more than 20 cents.

As much as CMS Energy Corp. might wish it to be true, the rumorthat Dynegy Corp. may acquire it just doesn’t fit the profile ofwhat the energy marketer has been on a path to do recently,according to a Houston financial analyst who currently tracksDynegy for investors.

There’s a major oil and natural gas boom going on now in one ofthe most unlikely places in the United States – northeasternTennessee.

There’s a major oil and natural gas boom happening in one of themost unlikely places in the United States — northeasternTennessee.