Validation

University Pro-Fracking Paper Nixed on Conflict of Interest

The University of Texas at Austin has pulled a 2012 UT Energy Institute report that was supportive of hydraulic fracturing and shale gas development following a review of the study by an independent panel that found researchers failed to disclose a conflict of interest.

December 11, 2012

Futures Plummet Following Sizeable 99 Bcf Storage Injection

Providing more validation for the recent $1-plus slide in natural gas futures, the Energy Information Administration (EIA) reported Thursday morning that a whopping 99 Bcf was injected into underground storage for the week ended June 22. The fresh bearish news allowed bears free rein on the day as the August contract — in its first regular session as front month — reached a low of $6.575 before closing at $6.655, down 42.8 cents from Wednesday’s close.

June 29, 2007