Great Lakes News
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Natural gas futures rose a third day on forecasts that above-normal temperatures in the northeast U.S. will lift demand for air conditioning and power-plant fuel.
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Natural gas futures advanced to the highest settlement price in almost three weeks on forecasts for above-normal temperatures that would boost demand for the power- plant fuel to run air conditioners.
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U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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Entergy Corp. and ITC Holdings, the largest independent U.S. owner of high-voltage power lines, face negotiations “for ransom” as five states and the city of New Orleans review the planned sale of Entergy’s high-voltage power lines to Novi, Michigan-based ITC.
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A new front may soon open in the battle over pipelines that transport Canadian oil to the U.S.
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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The Great Lakes and northern Great Plains regions are expected to remain cooler than normal while seasonal temperatures dominate most of the U.S. through the first week in April, said Matt Rogers, president of Commodity Weather Group LLC.
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Natural gas futures may decline next week as moderating weather cuts demand for the heating fuel, a Bloomberg News survey showed.
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