Nat Gas News – March 29, 2017
Nat Gas News – March 29, 2017
In the News
Trump to offer federal coal to industry awash in reserves
Reuters reports: U.S. President Donald Trump’s administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade. Trump will sign a decree on Tuesday to reverse former President Barack Obama’s 2016 ban on new federal coal leases, part of a wide-ranging executive order to sweep away green regulations his administration says have hobbled the drilling and mining industries. Coal accounts for about a third of U.S. electricity production, down from about half a decade ago. Obama’s administration imposed the temporary ban on new federal coal leases in January 2016 as part of a broad environmental and economic review to ensure royalties from lease deals provide fair returns to taxpayers. It was not immediately clear whether the royalty review would continue even with the ban on leases lifted. Some analysts said this scenario could trigger a near-term land rush by companies fearing higher royalty rates in the future. About 40 percent of all U.S. coal comes from federal lands, mainly in the Powder River Basin in Wyoming and Montana. or more on this story visit reuters.com or click http://reut.rs/2mNxA0B
U.S. natural gas builds on gains to reach 6-week high
Nasdaq reports: U.S. natural gas futures edged higher on Tuesday, regaining strength as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels. Weather systems will track across the country the next several days with rain, snow, and thunderstorms, but with limited cold air as they play out spring-like, according to forecasters at NatGasWeather.com. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on early-spring demand. For more on this story visit nasdaq.com or click the following link http://bit.ly/2mNwbHr
This article is part of Daily Natural Gas Newsletter
Tagged: natural gas, prices
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