Worry

Got ethane? Not to worry; someone will want it — now and in the future — according to analysts at Raymond James & Associates Inc. While the firm expects ethane prices to remain depressed through 1H2012, a rebound is coming in the second half of the year, and longer term the outlook is bullish for ethane demand.

Got ethane? Not to worry; someone will want it — now and in the future — according to analysts at Raymond James & Associates Inc. While the firm expects ethane prices to remain depressed through 1H2012, a rebound is coming in the second half of the year, and longer term the outlook is bullish for ethane demand.

Citizens for Pennsylvania’s Future (PennFuture) is asking the Pennsylvania Department of Environmental Protection (DEP) for information about how it enforces its environmental regulations.

Los Angeles County Economic Development Corp. (LAEDC), a nonprofit economic development group, indicated in its latest weekly economic outlook for the region and state that energy this summer could be a worrisome component of the state’s sagging economy. It particularly targeted the potential ill-effects of high natural gas prices, which could be felt more severely in the East than the West, the forecast noted.

One of California’s most diligent economic analysis/forecasts published by the Los Angeles County Economic Development Corp. (LAEDC), a nonprofit economic development group with increasing statewide reach, indicated in its latest weekly economic outlook for the region and state that energy this summer could be a worrisome component of the state’s sagging economy. It particularly targeted the potential ill-effects of high natural gas prices, which could be felt more severely in the East than the West, the forecast noted. “The current cool weather will not last forever,” wrote economist George Huang in LAEDC’s forecast for the week of June 9-15. “When the mercury goes up, electricity grid operators get nervous.” He credited last year’s relatively cooler summer in California for preventing blackouts, adding “we may not be so lucky this summer.”

There’s no need to worry about sharp drops in gas supply, said Arlington, VA-based investment bank Friedman, Billings, Ramsey & Co. (FBR) in a new report. Gas production from new deepwater projects in the Gulf of Mexico (GOM) and a boom in liquefied natural gas (LNG) imports will be more than enough to carry the load over the next few years and make up for any lasting effect from the current drilling decline.

Where once producers’ biggest worry was whether they would get adecent price for their gas, the concern now is whether they canproduce enough to meet market demands.

Where once producers’ biggest worry was whether they would get adecent price for their gas, the concern now is whether they canproduce enough to meet market demands.

Don’t worry. Be happy. Or at least don’t fret over electricpower reliability on New Year’s Eve 1999. The initial word is infrom the North American Electric Reliability Council (NERC), andthings don’t look as bad as some would have thought.