Wait

The energy industry is going to have to wait until next Wednesday to find out whether the controversial energy policy reform bill (HR 2337) makes it out of the House Natural Resources Committee. Following the second day of markup Thursday, Chairman Nick Rahall (D-WV) said the “last and most important votes” on the measure would come then.

In the first half of 2007 the price outlook for producers is pretty much the same as it was in the first half of 2006: wait for the second half of the year and beyond for gas price strength, at least according to analysts at Raymond James & Associates Inc.

In the first half of 2007 the price outlook for producers is pretty much the same as it was in the first half of 2006: wait for the second half of the year and beyond for gas price strength, at least according to analysts at Raymond James & Associates Inc.

In many places they often say if you don’t like the weather, wait and it will change. From hurricanes to too-warm winters, weather has wreaked havoc on the gas industry in the last couple of years and it continues to dominate gas markets this season.

In many places they often say if you don’t like the weather, wait and it will change. From hurricanes to too-warm winters, weather has wreaked havoc on the gas industry in the last couple of years and it continues to dominate gas markets this season.

With major winter weather forecasts still not in agreement, it appears that the energy industry will be forced to wait and see what Mother Nature actually has in store this year. Sticking to its winter forecast released earlier this month (see Daily GPI, Oct. 11), the National Oceanic and Atmospheric Administration (NOAA) reiterated on Thursday that it expects this winter to be warmer than the 30-year norm (1971-2000) over much of the nation, yet cooler than last year’s very warm winter season.

After a nearly five-year wait, AES Corp.’s proposed $800 million liquefied natural gas (LNG) import project in the Bahamas is expected to get a green light from the Bahamian government within the next two weeks. The company said the government is putting the finishing touches on an agreement that will pave the way for construction to begin in the next couple of months.

After nearly a five-year wait, AES Corp.’s proposed $800 million liquefied natural gas (LNG) import project in the Bahamas is expected to get a green light from the Bahamas government within the next two weeks. The company said the government is putting the finishing touches on an agreement that will pave the way for construction to begin in the next couple of months.

Dozens of journalists from around the country waited in Houston Thursday for ex-Enron Corp. CEO Jeffrey Skilling to take the stand in his defense. The wait proved long and ultimately, futile. Skilling now is expected to begin his testimony on Monday.