Posted: February 28th, 2014 | Author: Rod Sherkin | Filed under: Energy, Gem, Natural Gas | Tags: energy, gas, natural gas, oil, shale gas, water | 1 Comment »
Unconventional treasure: Shale gas is trapped deep inside rock formations.
Shale gas is a new and abundant source of natural gas, trapped in rock formations. Oil companies have known about it for decades but always dismissed it because it was too expensive and difficult to extract.
In the past few years new technologies that pump water underground to fracture the rock and free the gas have been perfected. The breakthrough has opened a new frontier for the energy industry and turned long-held assumptions about the world’s dwindling supplies on their head.
via Shale gas blasts open world energy market on Propurchaser
Posted: February 28th, 2014 | Author: Pascal Blanc | Filed under: Energy, Natural Gas, USA | Tags: natural gas, natural gas contract, natural gas future, natural gas price, natural gas USA | No Comments »
In one of the most volatile, whip-sawed commodity markets in recent memory, March natural gas prices tumbled this week, in part due to simple “winter end” profit taking, and the fact shale production increases will come back to haunt this market, in the months ahead.
On Feb. 10, natural gas was about $4.50 per million BTUs. Ten days later the price was up 30 percent, to more than than $6. Now, it’s back down to $4.50.
Read the rest of Natural gas: what is going on? » » »
Posted: February 25th, 2014 | Author: Rod Sherkin | Filed under: Energy, Natural Gas | Tags: energy, natural gas, natural gas price update | No Comments »
Natural Gas for March delivery plunged 11% to $5.445/MMBTU YD as predictions for milder weather prompted speculators to sell to lock in profits.
Posted: February 24th, 2014 | Author: Rod Sherkin | Filed under: Energy, USA | Tags: heating oil, heating oil price, heating oil price update | No Comments »
Heating Oil (Diesel Fuel proxy) fell 7.85c/2.5% to $3.0992/gal Friday after EIA reported a smaller than expected drop in distillate inventories.
Posted: February 19th, 2014 | Author: Rod Sherkin | Filed under: Energy, Natural Gas | Tags: energy, natural gas, natural gas price update | No Comments »
Natural gas for March rose 6.5% to $5.551/MMBTUs in NYC YD as cold weather boosted heating demand, cutting stockpiles to lowest level in 10 years.
Posted: November 25th, 2013 | Author: Rod Sherkin | Filed under: Energy, Natural Gas, USA | Tags: energy, natural gas future, natural gas price, natural gas USA | No Comments »
Natural gas futures rose Monday, climbing for the fourth straight session, as traders bet that a powerful winter storm moving toward the East Coast, along with a recent cold spell, would boost demand for the heating fuel.
Natural gas for December delivery added 4.1 cents, or 1.1%, to $3.810 a million British thermal units on the New York Mercantile Exchange, earlier reaching their highest price since Oct. 16.
Read the rest of Natural gas futures up on cold weather forecast » » »
Posted: November 14th, 2013 | Author: Rod Sherkin | Filed under: Energy, Natural Gas, USA | Tags: EIA, EIA steo, energy, energy.natural gas, natural gas, natural gas future, natural gas price | No Comments »
Natural gas for December delivery fell 5.1 cents to settle at $3.566 per million British thermal units in New York yesterday, breaking a six-day streak of gains, after prices on Tuesday rose to $3.617, the highest closing price since Oct.30.
Natural gas futures dropped from a two-week high in New York amid speculation that a government report tomorrow will show a U.S. inventory gain that’s above average for this time of year.
Gas slid 1.4 percent as the Energy Information Administration may say stockpiles expanded by 22 billion cubic feet last week, based on the median of 18 analyst estimates compiled by Bloomberg. Estimates ranged from gains of 2 billion to 33 billion. The five-year average injection for the week is 19 billion. Supplies fell 12 billion a year earlier.
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Posted: November 5th, 2013 | Author: Rod Sherkin | Filed under: Energy, Gem, Natural Gas | Tags: energy, fracturing, horizontal drilling, natural gas, usa | No Comments »
The story of U.S. natural gas gets referenced a lot but you may not know whats going on. Here are 15 charts that tell the story of the U.S. natural gas market which has been completely changed by the rise of horizontal drilling and hydraulic fracturing.
In the past few years, new technologies and cheaper costs allowed producers to access gas trapped in parts of the U.S. previously considered unreachable.
Read the rest of The U.S. Natural Gas Story in 15 Charts » » »
Posted: October 9th, 2013 | Author: Rod Sherkin | Filed under: Corn, Energy, Energy | Tags: biofuel, Corn, corn price, ethanol, ethanol price | No Comments »
Ethanol dropped to the lowest price in more than three years, expanding its discount to gasoline, on speculation the corn harvest will enable distillers to increase production of the biofuel.
Denatured ethanol for November delivery fell 1.2 cents, or 0.7 percent, to $1.675 a gallon on the Chicago Board of Trade after touching $1.668, the lowest price since July 2010. Futures have dropped 24 percent this year.
via Ethanol Lowest in Three Years on Signs of More Output (Correct) – Businessweek
Posted: September 30th, 2013 | Author: Rod Sherkin | Filed under: Energy, Transportation | Tags: gasoline, gasoline price | No Comments »
Prices for gasoline on the New York Mercantile Exchange have fallen roughly 11% in September as supplies reached their highest level in three years and the peak summer driving season ended.
Technology allowing companies to retrieve oil from shale-rock formations has led to abundant, cheap supplies. And the availability of inexpensive oil has enabled refineries to increase their production of gasoline at a rate that has exceeded demand.
Read the rest of Gasoline Prices Fall in September » » »