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Natural Gas Market Indicators
Spot prices for natural gas at Henry Hub in March first firmed, then fell again below $4 per MMBtu. Basic market fundamentals have not changed dramatically, however, and many analysts believe the summer balancing point for the unit price of gas could be even lower. A key to the short-term (less than one year forward) natural gas market will be demand recovery; that is, how soon does the economy recover and how quickly do large volume users of natural gas return to normal consumption levels – or whether they do at all?
Visit this link to download the full Natural Gas Market Indicator. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
Interior Secretary Stands on Middle Ground
Speaking here at AGA today at a meeting of the Natural Gas Council, Secretary of the Interior Ken Salazar took a decidedly middle of the road approach to energy production on federal lands.
AGA president and CEO Dave Parker, Secretary of the Interior Ken Salazar and AGA chairman and chairman, president and chief executive officer of Piedmont Natural Gas Tom Skains.
He indicated that the environmental community may be unhappy with him because he believes that our country will continue to depend upon and use fossil fuel energy for years to come, and that his department will lease more areas for oil and gas exploration and production, not less.
That said, he also indicated that energy companies may not be happy with him either as many areas will remain closed or tightly restricted. He expects continuing disagreement over public land use. Before moving forward to lease areas for energy development, he said, more information is needed, particularly on the Outer Continental Shelf (OCS) where available data is decades old.
The series of four OCS field hearings scheduled for next month, which the Secretary will personally attend, are designed to gather information from stakeholders and will help guide the Interior Department’s planning. More information is available here.
Secretary Salazar had good things to say about natural gas, acknowledging its efficiency, especially when used directly by the consumer, its cleanliness and abundant domestic supply. Salazar says that the Obama Administration knows that natural gas is part of the solution, but he wondered aloud about whether those in Congress or the general public know this and said that we need to do a better job of telling our story. Of this there is little disagreement.
A compelling letter to President Obama about energy-related shortfalls in the economic stimulus package
Our friend Jeff Share, editor of the always-stellar Pipeline and Gas Journal, has in his March column written a compelling letter to President Obama about energy-related shortfalls in the economic stimulus package.
In his powerful plea, he asks the president to give natural gas its due as an integral part of a secure energy future for the U.S. He’s certainly done his homework. See for yourself here, and let us know what you think.
True Blue Natural Gas Blog from the American Gas Association (AGA)- Sen. Murkowski, Energy Leaders Point to Natural Gas as Large Piece of the Climate Change Puzzle
- Diversification of natural gas supply is an essential consumer protection
- From Austin to Boston in a natural gas vehicle
- Natural gas, how about zero carbon emissions
- The real natural gas message in a climate crunch
- Let’s work together to protect our seniors
- Natural Gas Market Indicators
- Coming Down To Earth on a ‘Clean Energy’ Standard?
- The convenience of the natural gas fireplace
- Coming Down To Earth, A Winning Strategy For Renewables
