Will growing environmental pressure group opposition cripple the ongoing surge in unconventional oil and gas drilling? In a number of states and municipalities, new regulations are either being implemented or considered that aim to restrict oil and gas development.

The human suffering and dislocation caused by the recent events in Libya and Japan, whether due to violent conflict or natural disaster, is both broad and widely felt. While our thoughts focus mainly on prospects for bringing resolution and relief to those affected, both Libya and Japan, each in its own way, are vital links in the global energy supply chain. The disruption to normal economic and productive activities in both countries carries worldwide consequences.

 Overview (For the Week Ending Wednesday, November 17, 2010)   

Could we see a pullback in the Marcellus active rig count next year? Early indications seem to suggest that possibility as more than one operator is talking about modifications and/or reductions to their programs, Cabot plans a 5-rig Marcellus program next year, down from 7 rigs currently. Range, one ofthe leading companies in the play, plans to reduce the number of wells drilled per pad, which could mean fewer rigs as well. There is no slowdown for oil/liquids drilling, however. Look no