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Neil Gorsuch is a significant and meaningful choice for SCOTUS. The image above is not fake, it really is his Harvard Law yearbook photo. If he was a Democratic pick, that one image would end him. Since he is a Republican pick, democrats have a Big Tent instead of a spine, and Republicans have no ethical floor to avoid crashing into, he will be confirmed.
Enterprise Products Partners LP subsidiary Petal Gas Storage LLC has applied to the Federal Energy Regulatory Commission to further expand its gas storage facility in Petal, MS. The project would include construction of two underground salt caverns, creating 10 Bcf of working capacity, which could be completed and in service as early as the second quarter of 2010.
The good news for gas buyers is that weekly prices worked another 18 cents lower to $3.72 according to the NGI Weekly Spot Gas National Average for the week ended July 25. The bad news is that for unhedged physical market longs the pace of weekly declines is accelerating. For the week ended July 18 the market fell 11 cents to a national average of $3.90.
May natural gas is expected to open 2 cents higher Thursday morning at $1.93 as traders juggle a mix of short-term cooler weather along with a government report that is expected to show storage reaching an all-time high on a seasonal basis. Overnight oil markets were mixed.