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Carolyn Davis, Author at Natural Gas Intelligence - Page 124 of 508

Natural gas cash prices Tuesday for Wednesday delivery were uninspired except for in the Northeast, where some points flirted with $2 gains as forecasts turned cooler and power prices surged. February futures gained 8.2 cents to $3.455 and March was higher by 7.5 cents to $3.453. February crude oil fell 86 cents to $93.28/bbl.

Widespread development of natural gas export capability in the United States could be a huge boost to the U.S. economy, to natural gas infrastructure companies and to liquefied natural gas (LNG) import facilities that now are stymied by a disjointed global market for gas that currently has U.S. prices lagging below those in the rest of the world, according to Darcel Hulse, Sempra Energy's outgoing CEO for LNG operations.

A bipartisan group of senators led by Barbara Boxer (D-CA) and Elizabeth Dole (R-NC) is opposed to opening up restricted areas of the Outer Continental Shelf (OCS) to oil and natural gas exploration as part of upcoming omnibus energy legislation.

The climate change legislation that the Senate is scheduled to begin debating in June would dramatically cut domestic greenhouse gas (GHG) emissions, but it could impact the economy and drive up the price of natural gas, according to an extensive review by the Energy Information Administration (EIA).