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Market MovementLong-term power contracts boon for gasThere seems to be a fundamental change under way in the dynamics of natural gas pricing in North America.And that change is likely for the better. Click here to enlarge imagePart of the impetus for this change is the energy debacle in California and how that augurs for the future of the North American natural gas market. Another driver for change in gas markets is the role of higher-priced oil and the industry's capability for fuel-switching.The outlook for California's energy markets changed dramatically this month with the introduction of new legislation designed to lock down long-term electric power contracts, notes analyst ...

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