Almost half of U.S. households use natural gas as their primary heating fuel. EIA expects households heating with natural gas to spend an average of $64 (10%) less this winter than last winter. The decrease in natural gas expenditures is the net result of 6% lower fuel consumption, and 4% lower residential natural gas prices compared to last winter. Heading into the heating season, EIA projects storage inventories will total 3,956 billion cubic feet, which would be a record high.Houston County, Minnesota: the proposal to ban frack sand mining in the county was withdrawn by those who had submitted it, the Houston County Protectors. (Quaint, huh?) The proposal was rejected by the Houston County Planning Commission on a 5 - 2 vote on September 29, 2015.
Freeport-McMoRan considers exiting the oil and gas business. It would spin off its oil and gas assets.
Best headline of the day, over at the Wall Street Journal: OPEC worried about its image. With ISIS running amok and the Russians sending in troops, that should be the least of their worries, image. This must be a really, really slow news day.