Laptop Battery A surge in natural gas prices is raising fears
of higher heating
costs this winter and has
prompted a demand in Congress for an investigation into possible
price gouging and market manipulation.
If you have gas in your fireplace it will be either Natural Gas, or Liquid Propane Gas (LP). The majority of people have natural gas which is provided by the municipality they live in. Some people who live in a more rural area may have LP gas. This is usually stored in either a large above, or below ground tank that is filled by the provider when the supply runs low. Knowing your fuel type is necessary in purchasing gas logs since one fuel type will not work with the other.
Thinkpad Natural gas prices, on both the
spot and futures markets, have soared nearly
50 percent since just before Thanksgiving. The spot price on a key
trading center yesterday was $6.59 per thousand cubic feet compared
with $4.45 on Nov. 25, an increase of 48 percent.
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Microsoft Industrial users of natural gas have called for an
investigation into possible market abuses. Sen. Orrin Hatch
(R-Utah), chairman of the Senate Judiciary Committee, promised
hearings into the issue.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Laptop Computers "We must determine once and for all if these price surges are
the result of market forces or if there continues to be price
manipulation," said Hatch.
Home standby systems can be fueled by natural gas, LP gas or diesel fuel. Many models can be connected to the home's natural gas line, eliminating the need to fill fuel tanks. Standby system capacities range from 6, 000 Watts up to 40, 000 Watts and more, even if you are not home.
Laptop Computer He said he couldn't understand how normal market forces could
cause a 50 percent jump in price so quickly when supplies appear
adequate.
Ofgem is seeking an investigation to find out why other EU countries are not selling more gas to Britain, amid growing fears about dwindling supplies and hefty price increases.
Desktop Computer Last week, the Energy Department said natural gas supplies
remained at nearly 3 trillion cubic feet, slightly above the
five-year average for this time of year, when the heavy winter
heating season approaches.
Notebooks Analysts said a combination of
events have spooked the market,
including an onslaught of severe weather in the Northeast and
Midwest and the memory of similar conditions a year ago when an
unexpected cold spell caused a sudden drop in supplies and
soaring prices.
Lenovo Energy Secretary Spencer Abraham told reporters yesterday that
weather has been a factor in the price surge, but "it may not be
the only factor."
Hard Drive Still, Abraham cautioned against "premature finger-pointing" and
warned of continued price volatility in natural gas markets if
production is not increased. While current stocks appear to be
adequate, they are not at a comfortable levels, said Abraham.
Travelstar Analysts said that two recent weeks of higher-than-expected
natural gas demand also led traders, who thought prices would
moderate this winter, to shift gears and move to cover any
potential losses, driving up prices.
Gateway Both the Federal Energy Regulatory Commission and the Commodity
Futures Trading Commission are
keeping a close watch on natural gas markets, but neither agency
has indicated anything illegal going on so far.
Laptop Parts "We are keeping a close watch. We watch the markets on a regular
basis. We're are certainly aware of the situation," said FERC
spokesman Brian Lee.
Software But some analysts argue there is no reason for gas prices to
have increased so rapidly in recent weeks.
Hard Drives "Traders are hyping the markets. There are producers that are
hyping the potential shortages. ... I don't want to call it a
conspiracy, but all of these players are operating in concert,"
said Fadel Gheit, senior energy analyst at Oppenheimer &
Co.
Electronics Others say the market only reflects the uncertainty about
supplies because a sudden cold spell could quickly erase the supply
cushion now in place. That's what happened last winter, causing
prices to soar over $6 a thousand cubic feet.
Canon A few years ago, natural gas wholesale prices were in the $3
range.
Desktop Pc "The bottom line is you've got a jittery market." said Paul
Wilkinson, an economist for the American Gas Association, which
represents gas utilities.
Desktop Computers And the recent price increases on the wholesale markets -- both
spot and for gas being delivered later this winter -- will
translate into higher heating costs to millions of Americans who
rely on the fuel.
Think Pad "There's no question. ... the prices today will get passed on,"
said Wilkinson, speaking for the gas utility retailers. "We're just
in a sense a middleman."
Repair Earlier this year, the Energy Information Administration
estimated that average heating costs for families using natural gas
will be about 6 percent higher this winter, or about $850 for the
heating season. But that assumed a normal winter and wholesale gas
prices of about $5 a thousand cubic feet.
Data Recovery David Costello, an EIA economist, said a more recent estimate
put winter heating costs at about 10 percent higher than last
winter, but that estimate did not take into account the latest
price surge.
Cisco The problem, said Costello, is traders are reacting to concern
about cold weather this early in the heating season. That worries
traders who wonder whether there will be adequate supplies later in
winter if frigid weather surges, he said.
Keyboard "If we get through this month and (gas) storage is still normal
the guess is that prices will correct downward," said Costello.
Monitor But for now, he said, "Clearly costs are higher and it's going
to get passed through to the consumer."
Desktop By H. Josef Hebert
Associated Press - 12/17/2003
Topic: Petroleum Industry
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