Warns

Most of the world’s attention has been directed toward the security and availability of crude oil supplies, but a global energy consultant told a Senate committee this month that domestic pressure on natural gas supplies and prices “poses a greater threat to energy security and to the U.S. economy.”

The Williams Cos. warned Tuesday in its annual report with the Securities and Exchange Commission (SEC) that limited access to capital due to its non-investment-grade credit status and insufficient cash flow from operations to pay debt obligations make it imperative that the company sell its previously announced $2.25 billion in additional assets this year.

In letters sent out to every member of Congress on Thursday, the American Chemistry Council (ACC), which represents America’s largest industrial users of natural gas, the chemical industry, warned of an impending natural gas crisis that will trigger an economic recession.

In letters sent out to every member of Congress on Thursday, the American Chemistry Council (ACC), which represents America’s largest industrial users of natural gas, the chemical industry, warned of an impending natural gas crisis that will trigger an economic recession.

With natural gas prices currently spiking, CenterPoint Energy Minnegasco (CEM) informed its residential gas customers that the March natural gas billing rate is going to be much higher than it was for February.

The imbalance between natural gas production and gas consumption in Mexico “has already arrived at critical levels,” according to Raul Munoz, CEO of Petroleos Mexicanos (Pemex). Munoz, as point man for President Vicente Fox’s administration, is working to convince opponents that private investment is the best answer to ensuring Mexico’s energy future.

The imbalance between natural gas production and gas consumption in Mexico “has already arrived at critical levels,” according to Raul Munoz, CEO of Petroleos Mexicanos (Pemex). Munoz, as point man for President Vicente Fox’s administration, is working to convince opponents that private investment is the best answer to ensuring Mexico’s energy future.

A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.

A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.