High natural gas prices have forced a number of sugar beet plant closures and may force the shut down of the entire sugar beet industry in Wyoming despite the abnormally low gas prices there relative to the rest of the country, according to testimony prepared for a hearing this week of the Subcommittee on Energy and Mineral Resources.
Warn
Articles from Warn
Record Results Seen by Some Producers, But Analysts Warn of Shortfall
The emerging first quarter reports show that overall, oil and natural gas production for many North American independents is setting a record pace. However, analysts looking at the deeper picture believe that while earnings are up and production may hit records, overall domestic production continues a slow slide, and no likely near-term solution is at the ready.
Raymond James Analysts Warn U.S. Gas Supply ‘Careening’ Toward Shortage
Depending on the severity of the coming winter, Raymond James energy analysts are warning that the U.S. natural gas supply may be “rapidly careening” toward a gas shortage, anywhere from 3-10 Bcf/d short of demand. Analysts revised their gas price estimates upward through 2003, and expect prices to reach at least $4.50/Mcf by the first quarter of next year.
Raymond James Analysts Warn U.S. Gas Supply ‘Careening’ Toward Shortage
Depending on the severity of the coming winter, Raymond James energy analysts are warning that the U.S. natural gas supply may be “rapidly careening” toward a gas shortage, anywhere from 3-10 Bcf/d short of demand. Analysts revised their gas price estimates upward through 2003, and expect prices to reach at least $4.50/Mcf by the first quarter of next year.
Dynegy, Mirant Warn Shareholders of Tender Offer’s Pitfalls
Dynegy Inc. on Wednesday told shareholders that “it is in no way associated with Main Street AC and expresses no recommendation on the unsolicited offer,” while Mirant recommended its shareholders not sell any stock to the San Diego-based company that offered to pay cash for 4.9% of the energy merchants Tuesday, as well as Aquila Inc. and Reliant Resources Inc. (see Daily GPI, Sept. 4).
Execs Warn Storage Capacity to Lag Market Growth
The energy industry continues to struggle to develop enough natural gas storage capacity to keep pace with the growing U.S. market, and several new gas storage facilities will have to be added each year just to keep up, according to North American gas storage executives.
Forecasters Warn of Summer Heat in Northeast, California
Hotter than normal temperatures should prevail through the heavily populated Northeast for the rest of the summer and into the fall, according to an updated weather forecast released last week by Weather Services International (WSI). The latest forecast backs up one issued in April by Salomon Smith Barney meteorologist Jon Davis, who predicts a chance of heat waves in the Northeast and on the West Coast.
Forecasters Warn of Summer Heat in Northeast, California
Hotter than normal temperatures should prevail through the heavily populated Northeast for the rest of the summer and into the fall, according to an updated weather forecast released Wednesday by Weather Services International (WSI). The latest forecast backs up one issued in April by Salomon Smith Barney’s meteorologist which predicts a chance of heat waves in the Northeast and on the West Coast.
Execs Warn Storage Capacity to Lag Market Growth
The energy industry continues to struggle to develop enough natural gas storage capacity to keep pace with the growing U.S. market, and several new gas storage facilities will have to be added each year just to keep up, according to North American gas storage executives.
Senators Warn Energy Prices Could Triple In 10 Years
If projections that overall demand for oil, natural gas and electricity will jump by 21% over the next decade are on target, U.S. energy prices could come close to tripling in just 10 years based on current supply levels, according to an analysis issued recently by Sens. Charles E. Schumer (D-NY) and Susan Collins (R-ME).