Energy officials last week urged Congress to clear away the regulatory, legislative, tax and rate-related hurdles that are holding up construction of much-needed new power transmission and natural gas transportation facilities to serve the nation’s expanding energy appetite.
Waves
Articles from Waves
Weak Storage Draw Triggers Futures Landslide
In three distinct selling waves, natural gas futures plummetedlower yesterday as traders liquidated long positions andestablished fresh shorts amid a bevy of bearish fundamental news.Feeding off losses incurred in the overnight session, the Februarycontract gapped down at the open Wednesday and shuffled lower tothe $7.50 level by 2 p.m. (EST).
January 18, 2001
Bearish One-Two has Longs Looking for the Exit
Bulls never had a chance yesterday when natural gas futures werehit with two distinct waves of selling pressure as traders unloadedlong positions. Sources said early options-related liquidation wasreplaced by storage and market-on-close selling in the afternoon,and that was enough to delivered the expiring April contract 6.3cents lower to its final resting place at $2.90. The prompt monthin waiting, May, followed suit by also slipping 6.3 cents to closeat $2.908.
March 30, 2000
Shell to Make More Waves with Deep-Water Drilling
Shell Exploration & Production Co. (SEPCo) plans to moveforward with its 17th deepwater project while at the same timerededicating itself to a cost cutting program for its deep-wateractivity.
April 9, 1999
Sumas Figuratively Explodes to $20-Plus Pricing
Sumas was making waves in the gas market earlier in the week bybeing the first point to exceed $3 pricing in this winter season.But it was tsunami time Friday as the $3 level was left way behind.How does paying $25/Mcf for Canadian supplies grab you?
December 21, 1998
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