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Natural Gas News
Cheap, plentiful natural gas provides utilities with little incentive to build coal-fired plants with a technology that traps carbon gas for storage or other uses.
The Stark Area Regional Transit Authority on Friday rolled out its first six compressed natural gas buses and demonstrated the operation of its new CNG fueling facility, the first in Stark County that can be used by the public.S
Electricity News
In an earlier article that I wrote, “The Electricity Crisis: Diagnose the Disease Before Prescribing the Medicine,” I said that the present electricity crisis was mainly due to financial factors and that the Saudi Electricity Company (SEC) was suffering from a chronic and acute shortage in its cash liquidity.
Higher electricity prices have helped Victorian power distributor SP Ausnet grow its full year profit to $253 million.
Crude News
Enterprise Products Partners L.P. and Enbridge Inc. announced that the Seaway Pipeline began accepting crude oil today at Cushing, Oklahoma for delivery to the U.S.
NEW YORK (Reuters) - Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of contagion in the euro zone. Oil futures fell on the drumbeat from global stock markets, which erased the year's gains as investors pared holdings for safe-haven assets such as gold, on growing concerns about the euro zone debt ...
Natural Gas Settlement
Natural Gas Price Close 05/16/2012
NYMEX |
Settle |
Change |
| June '12 |
$2.618 |
$0.118 |
| July '12 |
$2.687 |
$0.119 |
| August '12 |
$2.744 |
$0.120 |
| September '12 |
$2.778 |
$0.119 |
Electricity Settlement
MCPE Ave. Price Close 05/17/2012
| ERCOT |
AVG |
Change |
| NSPIN Price for Capacity |
$0.90 |
$0.47 |
| REGDN Price for Capacity |
$5.07 |
$0.98 |
| REGUP Price for Capacity |
$9.85 |
$3.67 |
| RRS Price for Capacity |
$9.39 |
$2.95 |
Crude Oil Settlement
Light Sweet Crude Price Close 05/16/2012
NYMEX |
Settle |
Change |
| June '12 |
$92.81 |
-$1.17 |
| July '12 |
$93.19 |
-$1.16 |
| August '12 |
$93.48 |
-$1.15 |
| September '12 |
$93.78 |
-$1.15 |