Despite the havoc wreaked by the twin Gulf of Mexico hurricanes and the upheaval in the credit markets, third-quarter oil and natural gas production oupaced year-ago levels and second-quarter activity, the American Petroleum Institute (API) reported Friday.
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Warm Weather Shaping 2007 Industry Outlook
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.
Warm Weather Shaping 2007 Industry Outlook
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.
Divided FERC Votes Against Subsidies for New Pipes
As Floyd wreaked havoc up and down the East Coast last week,Hurricane FERC wrought its own brand of torrent on new pipelineconstruction. Shifting its policy more toward a market-based andconsumer-oriented focus, the Commission voted out (4-1) a policystatement eliminating set requirements for supporting contracts andany presumption for rolled-in pricing that would raise the rates ofexisting customers.