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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 12, 2012
Page
7
Natural gas prices drop over 10 percent in a week and nearly 6 percent in a single day as warm weather reduces heating needs and an oil and gas boom floods supplies. Analysts warn of weak demand while Europe copes with slowing growth and tighter budgets.
The article notes Alpha Natural Resources faces ongoing legal exposure after the Upper Big Branch mine disaster. Investigations by the U.S. Department of Justice may lead to criminal charges, while related shareholder and civil suits and a broad legal review persist following Massey Energy’s 2010 purchase.
U S stock indexes edged lower in New York on Wednesday as investors weighed European economic worries and a softer tone from early trading. Analysts cautioned that global uncertainties could curb momentum into the session.
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