Michael Giberson Tom Fowler has more on the ditching of shale gas skeptic Art Berman’s column by World Oil magazine. Now the magazine’s editor is out too. Read Fowler’s context, then follow the link to the former editor’s remarks, posted today on Berman’s blog. Excerpts: … The next day, the president stopped by to tell …
World Oil, but Apparently Not Local Shale Gas Skepticism Read More »
Michael Giberson Daniel Yergin and Robert Ineson have an op-ed in the Wall Street Journal discussing the development and implications of natural gas from shale in the U.S. market. Not much will be new to you if you’ve been following the commentary here for a while, but they do provide a very good, general overview. …
Natural Gas from Shale: Long Lasting or Going Fast? Read More »
Michael Giberson From the New York Times, “New Way to Tap Gas May Expand Global Supplies.” Italian and Norwegian oil engineers and geologists have arrived in Texas, Oklahoma and Pennsylvania to learn how to extract gas from layers of a black rock called shale. Companies are leasing huge tracts of land across Europe for exploration. …
Boom in Shale Natural Gas: Not Just for North America Read More »
Michael Giberson A short Associated Press item from last week provides a perfect illustration of the near-meaninglessness of the daily post-market story interpreting price moments. Natural gas prices tumbled yesterday after the government reported the United States is using so little that it has more in storage now than at any other time on record. …
The Future of Natural Gas Prices: a View from October 2009 Read More »
Michael Giberson Energy consultant Michael Lynch, appearing in the New York Times, says peak oilers don’t know the oil business. “Peak Oil Is a Waste of Energy.” NRG Energy CEO David Crane, in the Washington Post, asserts we need a national energy plan with a regional focus: solar for the Southwest, wind for the Great …
Michael Giberson Another sign of change in the North American natural gas industry, the Wall Street Journal reports Apache Corp. has agreed to supply gas to the Kitimat LNG terminal in British Columbia for export into the Asian market. The Kitimat facility was initially conceived of as an import terminal to tap Middle Eastern and …
Import? Export? Which Way for Lng in North America? Read More »
Michael Giberson Well, maybe not “with love,” but as Platts reports, Russian LNG could arrive in the U.S. as early as this Winter. (HT to NewsWatch: Energy.) Of course with the ongoing natural gas glut, that LNG may find itself “all compressed up with no place to go.” The WSJ Environmental Capital blog notes that …
Michael Giberson Natural gas has become cheap enough relative to coal that some gas-fired electric generators are able to underbid baseload coal generators. Market-based switching from coal power to gas has increased demand for gas by three billion cubic feet per day according to a Merrill Lynch analysis cited in the Wall Street Journal today. …
Michael Giberson Kristen Hays reports on the current natural gas supply conditions in the Houston Chronicle: rig counts down, production remains strong, and natural gas in storage is increasing. The US Department of Energy predicts natural gas consumption will fall 2.2 percent this year and grow slightly in 2010. While drilling rigs are being shut …
Michael Giberson “Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United States and the reduced industrial demand overseas,” Hackett said… Gas futures on the New York Mercantile Exchange have dropped about 30 percent this year, compared …
Lng Possibilities Keeping Natural Gas Prices Down in U.S. Read More »
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