Natural Gas

Tweets analyze, react to what Obama said about natural gas


President Obama's support for natural gas in his State of the Union address Tuesday night drew attention on Twitter, FuelFix reports.

Obama renews support for natural gas drilling, climate change goals

President Barack Obama on Tuesday said in his annual State of the Union address that he would continue his climate change and clean energy agendas, through "concrete, practical steps" that include more support for natural gas-powered manufacturing and alternative fuel vehicles.

"I’ll cut red tape to help states get those factories built, and this Congress can help by putting people to work building fueling stations that shift more cars and trucks from foreign oil to American natural gas," he said.

Manitoba natural gas supplies slowly return after pipeline blast


TransCanada has created a bypass to restore natural gas service to customers cut off after a weekend pipeline explosion, the CBC reports.

Senate Energy and Natural Resources Committee photo

Wyden says Midwest propane shortage raises questions about exports

Senate Energy and Natural Resources Chairman Ron Wyden on Tuesday linked his concerns about natural gas exports to the propane shortage hitting consumers in the Midwest during this month's Arctic cold blasts.

Wyden, D-Ore., said at a committee hearing that he and ranking Republican Sen. Lisa Murkowski of Alaska arranged a staff briefing later in the day by the Energy Information Administration and the department's Office of Electric Delivery and Energy Reliability on the shortage and spikes in retail prices.

Alaskan lawmakers see details of LNG plan

The Associated Press

Alaska's revenue commissioner described a liquefied natural gas project being put before state lawmakers as a "groundbreaking achievement," The Associated Press reports.

Natural gas gains again amid storm reports for the South


Natural gas prices are zooming again after the biggest drop in nearly nine months, as weather forecasts predict southern states will be slammed with an unusual winter storm, Bloomberg reports.

Penalty upheld in congressman's drilling dispute

BOULDER, Colo. (AP) — The Colorado Oil and Gas Conservation Commission has upheld a $26,000 fine against a company embroiled in a dispute with U.S. Rep. Jared Polis after the congressman complained about drilling activities on property near his weekend retreat.

Polis says Sundance Energy had an illegal well that was too close to his property in Weld County. Inspectors found one well violated state laws requiring buffer zones.


Oil falls below $96 as parts of US set to thaw out

NEW YORK (AP) — The price of oil fell below $96 a barrel Monday amid forecasts for moderating temperatures in the U.S. Northeast and anticipation for the next meeting of the U.S. central bank.

Benchmark crude for March delivery fell 92 cents to close at $95.72 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of crude, fell $1.19 cents to $106.69 on the ICE exchange in London.

Along with oil, the prospects of a break in the deep chill that has enveloped the upper Midwest, the Northeast and parts of the South sank the price of natural gas. Futures dropped 34 cents, or 6.5 percent, to $4.85 per 1,000 cubic feet, partly reversing last week's surge above $5.

No word yet on cause of Manitoba pipeline blast


TransCanada is hoping to restore natural gas Monday night to some Manitoba customers who've been without the fuel since a pipeline explosion Saturday, the cause of which has still not been determined, CBC reports.

Speculators push up natural gas futures as temps plummet


Bulls betting on natural gas in the long term are driving futures higher, according to a report from the Commodity Futures Trading Commission on last week's market activity, as freezing winter temperatures increase demand for the fuel, Bloomberg reports.


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