james van blaricum - Refineries

05/19/08 | by admin [mail] | Categories: Announcements [A]

JAMES VAN BLARICUM


Refineries have another job. They remove contaminants from the oil. A refinery removes sulfur from gasoline, for example, to increase its efficiency and to reduce air pollution.( signal oil & gas company )

The acid fluid-loss mechanism is more complex than that of non-reactive fluids. In addition to diffusive leak off into the formation, flowing acid leaks off dynamically by dissolving the rock and producing wormholes. Wormholes are very detrimental in fracture acidizing [13]. They greatly increase the effective surface area from which leak off occurs and are believed to affect acid fluid loss adversely. Acid leaks off predominantly from wormhole tips rather than the fracture face. As wormholing and excessive leak-off occur, the leak-off rate exceeds the pump rate, and a positive net fracturing pressure cannot be maintained to keep the fracture open. At this point in the treatment, which may be as soon as 6 minutes after starting to pump acid, the fracture extension slows or stops.

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Air gun - Air gun array is most common technique used for seismic surveying offshore. Compressed air is released from a chamber to produce shock waves in earth. james van blaricum


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Debutanizer - this step boils off the butanes, leaving the pentanes and heavier hydrocarbons in the NGL stream.( signal oil and gas company )


In addition to the four processes above, heaters and scrubbers are installed, usually at or near the wellhead. The scrubbers serve primarily to remove sand and other large-particle impurities. The heaters ensure that the temperature of the gas does not drop too low. With natural gas that contains even low quantities of water, natural gas hydrates have a tendency to form when temperatures drop. These hydrates are solid or semi-solid compounds, resembling ice like crystals. Should these hydrates accumulate, they can impede the passage of natural gas through valves and gathering systems. To reduce the occurrence of hydrates, small natural gas-fired heating units are typically installed along the gathering pipe wherever it is likely that hydrates may form.

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Risk - Measure of likelihood of occurrence of an undesirable event and of potentially adverse consequences. james e van blaricum

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Since World War II, petroleum has replaced coal as the United States’ leading source of energy. Petroleum supplies more than 39 percent of the energy used in the United States. (Coal supplies 22 percent of our energy needs, and natural gas supplies 23 percent.)( james e van blaricum )

Permeable - Cracks and pore spaces between the rock particles (such as porous sandstone or fractured limestone) are interconnected and are large enough to permit fluid movement.

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Natural gas storage plays a vital role in maintaining the reliability of supply needed to meet the demands of consumers. Historically, when natural gas was a regulated commodity, storage was part of the bundled product sold by the pipelines to distribution utilities. This all changed in 1992 with the introduction of the Federal Energy Regulatory Commission’s (FERC) Order 636, which opened up the natural gas market to deregulation. Essentially, this meant that where natural gas storage was required prior to Order 636 for the operational requirements of the pipelines in meeting the needs of the utilities, it is now available to anyone seeking storage for commercial purposes or operational requirements. Storage used to serve only as a buffer between transportation and distribution, to ensure adequate supplies of natural gas were in place for seasonal demand shifts, and unexpected demand surges. Now, in addition to serving those purposes, natural gas storage is also used by industry participants for commercial reasons; storing gas when prices are low, and withdrawing and selling it when prices are high, for instance. The purpose and use of storage has been closely linked to the regulatory environment of the time. signal oil and gas company


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The key to success is penetration of reactive acid along the fracture. This is more difficult to achieve in acid fraccing than in propped fractures (the other main form of frac treatment). Acid penetration is particularly important in low permeability carbonates which are frequently subject to scaling where small fractures meet larger fractures. Acid fracturing methods which can achieve deep acid penetration offer tremendous potential to solve scaling problems [13].( james van blaricum )


Deethanizer - this step separates the ethane from the NGL stream.

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The report analyzes natural gas demand, supply, and transmission in the United States, Canada, and Mexico. The demand analysis provides an understanding of the economic and environmental determinants of natural gas consumption to estimate how the various sectors respond to different gas price regimes. The supply analysis develops a basin-by-basin supply picture, and examines potential new sources of supply such as liquefied natural gas and Arctic gas. The transmission portion of the report provides an extensive review of existing and planned infrastructure in North America emphasizing, among other things, the need to maintain the current infrastructure and to ensure its reliability. signal oil & gas company

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Production casing, alternatively called the ‘oil string’ or ‘long string’, is installed last and is the deepest section of casing in a well. This is the casing that provides a conduit from the surface of the well to the petroleum producing formation. The size of the production casing depends on a number of considerations, including the lifting equipment to be used, the number of completions required, and the possibility of deepening the well at a later time. For example, if it is expected that the well will be deepened at a later date, then the production casing must be wide enough to allow the passage of a drill bit later on.( james e van blaricum )

Carbon Monoxide (CO) - Chemical compound of carbon and oxygen.

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Reserves: Proven - Reserves which on available evidence are virtually certain to be technically and economically producible. james van blaricum


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Mercaptans - Strong-smelling compounds of carbon, hydrogen and sulphur found in oil and gas. Added to natural gas for safety reasons.( james van blaricum )


For example, if a damaged zone extends 6 inches into a formation and the damaged permeability is only 5% of the undamaged permeability, the affected well will only produce 30% of the production of an undamaged well. Removal of the damage will therefore result in a 3.3-fold increase in production rate .

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Of course, the result of increasing natural gas prices has been increased residential heating bills, increased fuel costs to electric generators using natural gas, and decreasedcompetitiveness of U.S. industries that rely on natural gas.Given the effect of higher natural gas prices on consumers’budgets and on firms’ competitiveness, consumers, businesspeople, and policymakers are asking what has led to theincrease in North American natural gas prices. james e van blaricum

james e van blaricum


Oligocene - Third division of Tertiary period spanning an interval from about 40 to 25 million years ago.( signal oil & gas company )

Carbon Dioxide (CO2) - Colourless, odourless, and slightly acid-tasting gas, sometimes-called carbonic acid gas, molecule of which consists of one atom of carbon joined to two atoms of oxygen. Carbon dioxide in atmosphere tends to prevent escape of outgoing long-wave radiation from Earth to outer space; as more heat is produced and less escapes, temperature of Earth increases. Most important man-made greenhouse gas in UK accounting for 81% of direct global warming potential from national greenhouse emissions in 1990.

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Coiled tubing - Used to carry production tubing to bottom of well. signal oil & gas company


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Subsalt - Refers to rock formations lying beneath long, horizontal layers of salt. These rock formations may contain hydrocarbons.( signal oil and gas company )


Does it make a difference what car I drive? - More fuel-efficient vehicles can save gasoline. A highly fuel-efficient vehicle could potentially cut gasoline use in half or more. How much depends on the vehicle and driving habits and needs. If a less fuel-efficient car requires 20 gallons of gasoline a week compared with 10 gallons for a highly fuel-efficient vehicle, more than 500 gallons of gasoline could be saved annually.

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Sulphur Dioxide (SO2) - Acts as a precursor in formation of sulphate aerosols which, unlike greenhouse gases, have a net negative radiative forcing effect and tend to cool Earth’s surface. signal oil and gas company



In addition to inspection with pigs, there are a number of safety precautions and procedures in place to minimize the risk of accidents. In fact, the transportation of natural gas is one of the safest ways of transporting energy, mostly due to the fact that the infrastructure is fixed, and buried underground. According to the Department of Transportation (DOT), pipelines are the safest method of transporting petroleum and natural gas. While there are in excess of 100 deaths per year associated with electric transmission lines, according to the DOT’s Office of Pipeline Safety in 2001, there were 2 deaths associated with transmission pipelines, and 5 deaths associated with distribution systems.( james van blaricum )


Tertiary Recovery - Recovery of hydrocarbons from a reservoir by sophisticated methods, for example, heating reservoir or enlarging pore spaces using chemicals. (see also Primary and Secondary Recovery)

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Although research has improved the odds since Edwin Drake’s days, petroleum exploration today is still a gamble. Geologists study underground rock formations to find areas that might yield oil. Still, even with advanced methods, only about 33 in every 100 exploratory wells have oil. The rest come up “dry.” james e van blaricum



The Downstream Segment includes the nation’s 144 refineries, which process more than 17 million barrels of crude oil every day. This segment also includes transporting petroleum products by tanker trucks from thousands of local terminals to the approximately 167,500 service stations across the United States, and the ownership and operation of those retail outlets.( james e van blaricum )


The acid fluid-loss mechanism is more complex than that of non-reactive fluids. In addition to diffusive leak off into the formation, flowing acid leaks off dynamically by dissolving the rock and producing wormholes. Wormholes are very detrimental in fracture acidizing [13]. They greatly increase the effective surface area from which leak off occurs and are believed to affect acid fluid loss adversely. Acid leaks off predominantly from wormhole tips rather than the fracture face. As wormholing and excessive leak-off occur, the leak-off rate exceeds the pump rate, and a positive net fracturing pressure cannot be maintained to keep the fracture open. At this point in the treatment, which may be as soon as 6 minutes after starting to pump acid, the fracture extension slows or stops.

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Turbine compressors gain their energy by using up a small proportion of the natural gas that they compress. The turbine itself serves to operate a centrifugal compressor, which contains a type of fan that compresses and pumps the natural gas through the pipeline. Some compressor stations are operated by using an electric motor to turn the same type of centrifugal compressor. This type of compression does not require the use of any of the natural gas from the pipe, however it does require a reliable source of electricity nearby. Reciprocating natural gas engines are also used to power some compressor stations. These engines resemble a very large automobile engine, and are powered by natural gas from the pipeline. The combustion of the gas powers pistons on the outside of the engine, which serves to compress the natural gas. james van blaricum



Americans use almost 17 million barrels of oil (more than 700 million gallons) every day of the year. And experts say we will be using more and more oil, especially for transportation, in the coming years. Even now, we use almost 13 percent more oil for transportation than we did in 1973 when the first oil crisis hit the United States. This is true even though today’s automobiles get more than 1.5 times as many miles to the gallon as their 1970s counterparts. There are 50 percent more vehicles on the road today than in the 1970s. Today we use about two out of every three barrels of oil to keep us on the move.( signal oil and gas company )


Constructing natural gas pipelines requires a great deal of planning and preparation. In addition to actually building the pipeline, several permitting and regulatory processes must be completed. To learn more about the regulation of pipelines and their construction, click here. In many cases, prior to beginning the permitting and land access processes, natural gas pipeline companies prepare a feasibility analysis to ensure that an acceptable route for the pipeline exists that provides the least impact to the environment and public infrastructure already in place.

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Compensator - Keeps drill-sting stationary while semi-submersible and derrick move. signal oil and gas company



Salt cavern storage facilities are primarily located along the Gulf Coast, as well as in the northern states, and are best suited for peak load storage. Salt caverns are typically much smaller than depleted gas reservoirs and aquifers, in fact underground salt caverns usually take up only one one-hundredth of the acreage taken up by a depleted gas reservoir. As such, salt caverns cannot hold the volume of gas necessary to meet base load storage requirements. However, deliverability from salt caverns is typically much higher than for either aquifers or depleted reservoirs. Therefore natural gas stored in a salt cavern may be more readily (and quickly) withdrawn, and caverns may be replenished with natural gas more quickly than in either of the other types of storage facilities. Moreover, salt caverns can readily begin flowing gas on as little as one hour’s notice, which is useful in emergency situations or during unexpected short term demand surges. Salt caverns may also be replenished more quickly than other types of underground storage facilities.( signal oil & gas company )


What’s the single best thing I can do to save gasoline? - Combine trips. Plan well and be sensible about how much you drive. Conserve by avoiding unnecessary trips, combining errands, and carpooling.

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In addition to water, oil, and NGL removal, one of the most important parts of gas processing involves the removal of sulfur and carbon dioxide. Natural gas from some wells contains significant amounts of sulfur and carbon dioxide. This natural gas, because of the rotten smell provided by its sulfur content, is commonly called ’sour gas’. Sour gas is undesirable because the sulfur compounds it contains can be extremely harmful, even lethal, to breathe. Sour gas can also be extremely corrosive. In addition, the sulfur that exists in the natural gas stream can be extracted and marketed on its own. In fact, according to the USGS, U.S. sulfur production from gas processing plants accounts for about 15 percent of the total U.S. production of sulfur. signal oil & gas company



Natural gas is a fossil fuel. Like oil and coal, this means that it is, essentially, the remains of plants and animals and microorganisms that lived millions and millions of years ago. But how do these once living organisms become an inanimate mixture of gases?( signal oil & gas company )


Closed-in - Descriptive of a well that is capable of producing, but is not currently producing.

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Aromatics - Class of hydrocarbons that have at least one benzene ring as part of their structure. Generally describes benzene and benzene derivatives. signal oil & gas company



Constructing natural gas pipelines requires a great deal of planning and preparation. In addition to actually building the pipeline, several permitting and regulatory processes must be completed. To learn more about the regulation of pipelines and their construction, click here. In many cases, prior to beginning the permitting and land access processes, natural gas pipeline companies prepare a feasibility analysis to ensure that an acceptable route for the pipeline exists that provides the least impact to the environment and public infrastructure already in place.( signal oil and gas company )


As stated in (4.a.) above, removal of near well bore damage can result in significant stimulation, by say three-fold. Treatment normally involves injecting 15% HCl followed by a sufficient afterflush of water or hydrocarbon to clear all acid from well tubulars. A corrosion inhibitor is added to the acid to protect tubulars during exposure to acid. Other additives, such as anti-sludge agents, iron chelating agents, de-emulsifiers and mutual solvents are added as required for a specific formation.

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Mineral Extraction Allowance (MEA) - Expenditure on mineral exploration and access and certain costs in acquiring mineral assets may be relieved by way of MEA. james e van blaricum



Associated Gas - Natural gas associated with oil accumulations, either dissolved in oil or found as a cap of free gas above oil in reservoir.( james van blaricum )


The first instance of natural gas successfully being stored underground occurred in Weland County, Ontario, Canada, in 1915. This storage facility used a depleted natural gas well that had been reconditioned into a storage field. In the United States, the first storage facility was developed just south of Buffalo, New York. By 1930, there were nine storage facilities in six different states. Prior to 1950, virtually all natural gas storage facilities were in depleted reservoirs.

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Scientific research allowances (SRA) - Whether of a capital nature or otherwise (costs of exploration work) qualifies for full write-off as incurred. james van blaricum



Exploration expenditure - All costs, including premium payments, associated with acquisition of new acreage, drilling of exploratory wells and other costs incurred in evaluating commercial viability of geological entities.( james e van blaricum )


Annex B - Development plan approval to develop and produce from a commercial field.

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Pipelines are produced in steel mills, which are sometimes specialized to produce only pipeline. There are two different production techniques, one for small diameter pipes and one for large diameter pipes. For large diameter pipes, from 20 to 42 inches in diameter, the pipes are produced from sheets of metal which are folded into a tube shape, with the ends welded together to form a pipe section. Small diameter pipe, on the other hand, can be produced seamlessly. This involves heating a metal bar to very high temperatures, then punching a hole through the middle of the bar to produce a hollow tube. In either case, the pipe is tested before being shipped from the steel mill, to ensure that it can meet the pressure and strength standards for transporting natural gas. signal oil and gas company

james van blaricum - fuel-efficient vehicles

05/16/08 | by admin [mail] | Categories: Announcements [A]

JAMES E. VAN BLARICUM


Does it make a difference what car I drive? - More fuel-efficient vehicles can save gasoline. A highly fuel-efficient vehicle could potentially cut gasoline use in half or more. How much depends on the vehicle and driving habits and needs. If a less fuel-efficient car requires 20 gallons of gasoline a week compared with 10 gallons for a highly fuel-efficient vehicle, more than 500 gallons of gasoline could be saved annually.

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The amount of acid released, and the rate of release, can be controlled by using different Arcasolve™ formulations.

Condensate wells are wells that contain natural gas, as well as a liquid condensate. This condensate is a liquid hydrocarbon mixture that is often separated from the natural gas either at the wellhead, or during the processing of the natural gas. Depending on the type of well that is being drilled, completion may differ slightly. It is important to remember that natural gas, being lighter than air, will naturally rise to the surface of a well. Because of this, in many natural gas and condensate wells, lifting equipment and well treatment are not necessary.

A typical petroleum reservoir is mostly sandstone or limestone in which oil is trapped. The oil in it may be as thin as gasoline or as thick as tar.(signal oil and gas)

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The modern petroleum industry began in 1859, when the American oil pioneer E. L. Drake drilled a producing well on Oil Creek in Pennsylvania at a place that later became Titusville. Many wells were drilled in the region. Kerosene was the chief finished product, and kerosene lamps soon replaced whale oil lamps and candles in general use. Little use other than as lamp fuel was made of petroleum until the development of the gasoline engine and its application to automobiles, trucks, tractors, and airplanes. Today the world is heavily dependent on petroleum for motive power, lubrication, fuel, dyes, drugs, and many synthetics. The widespread use of petroleum has created serious environmental problems. The great quantities that are burned as fuels generate most of the air pollution in industrialized countries, and oil spilled from tankers and offshore wells has polluted oceans and coastlines.

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People have used petroleum since ancient times. The ancient Chinese and Egyptians burned oil for lighting.

After processing at the refinery, gasoline and other petroleum products are usually shipped out through pipelines. There are about 230,000 miles of pipeline in the United States. Pipelines are the safest and cheapest way to move large quantities of petroleum across land. Pump stations, which are spaced 20 to 100 miles apart along the underground pipelines, keep the petroleum products moving at around five miles per hour. At this rate, it takes 15 days to move a shipment of gasoline from Houston, Texas to New York City.

Use of oil external emulsified acids may be limited by the increased frictional resistance to flow of these fluids down well tubulars [2]. The presence of surfactants in the acidizing fluid, to produce the emulsion, can affect the wetting characteristics of the rock formation i.e. change a water wet rock surface into an oil wet surface. This can necessitate remedial post acidizing treatments to restore the rock surface to a water wet state if successful oil production is to be attained.(signal oil & gas)

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The One Call Program - All of the states have instituted what is known as a ‘one call’ program, which provides excavators, construction crews, and anyone interested in digging into the ground around a pipeline with a single phone number that may be called when any excavation activity is planned. This call alerts the pipeline company, which may flag the area, or even send representatives to monitor the digging.

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Installing well casing is an important part of the drilling and completion process. Well casing consists of a series of metal tubes installed in the freshly drilled hole. Casing serves to strengthen the sides of the well hole, ensure that no oil or natural gas seeps out of the well hole as it is brought to the surface, and to keep other fluids or gases from seeping into the formation through the well. A good deal of planning is necessary to ensure that the proper casing for each well is installed. Types of casing used depend on the subsurface characteristics of the well, including the diameter of the well (which is dependent on the size of the drill bit used) and the pressures and temperatures experienced throughout the well. In most wells, the diameter of the well hole decreases the deeper it is drilled, leading to a type of conical shape that must be taken into account when installing casing.

The basic absorption process above can be modified to improve its effectiveness, or to target the extraction of specific NGLs. In the refrigerated oil absorption method, where the lean oil is cooled through refrigeration, propane recovery can be upwards of 90 percent, and around 40 percent of ethane can be extracted from the natural gas stream. Extraction of the other, heavier NGLs can be close to 100 percent using this process.

Conventional acidizing processes may remove damage up to several inches into the formation but are generally not effective for treatment of deeper damage. Success in treatment of deep formation damage requires the use of highly retarded acids. Arcasolve™ functions as a highly retarded acid suitable for removal of deep damage.(signal oil and gas company)

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As well as treating carbonate formations Arcasolve™ can be used to remove deep carbonate scale from sandstones.

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Emergency Response - Pipeline companies have extensive emergency response teams that train for the possibility of a wide range of potential accidents and emergencies.

Liner strings are sometimes used instead of intermediate casing. Liner strings are commonly run from the bottom of another type of casing to the open well area. However, liner strings are usually just attached to the previous casing with ‘hangers’, instead of being cemented into place. This type of casing is thus less permanent than intermediate casing.

Once the pipe is in place, trenches are dug alongside the laid out pipe. These trenches are typically 5 to 6 feet deep, as the regulations require the pipe to be at least 30 inches below the surface. In certain areas, however, including road crossings and bodies of water, the pipe is buried even deeper. Once the trenches are dug, the pipe is assembled and contoured. This includes welding the sections of pipe together into one continuous pipeline, and bending it slightly, if needed, to fit the contour of the pipelines path. Coating is applied to the ends of the pipes (the coating applied at a coating mill typically leaves the ends of the pipe clean, so as not to interfere with welding), and the entire coating of the pipe is inspected to ensure that it is free from defects.(signal oil and gas company)

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Arcasolve™ can be used for a large number of acidizing applications including damage removal, completion and stimulation of horizontal wells, matrix acidizing, fracture acidizing, gel breaking and stimulation of natural fracture networks.

james e van blaricum


Problems are particularly pronounced in the case of gas wells. A particular problem is the removal of high viscosity fluids. The time required to achieve cleanup increases significantly as fluid viscosity increases. For example, in a gas well in a 0.1 mD permeability formation, a fluid such as oil or water that has a viscosity of 0.25 cP at reservoir temperature is easily removed from the formation. Maximum rate is attained after about 3 days. At 25 cP viscosity, maximum rate is attained after about 20 days. 250 cP fluid is difficult to remove from the formation and only 24% of the fracture fluid will have been produced after 400 days of production. Similar increases in cleanup time are seen as fracture length increases .

Even with the SPR and friends in the right places, the United States is not out of the woods. We still buy more than half our imported oil from OPEC countries, 11 percent of which comes from volatile Arab OPEC countries.

(signal oil & gas company)

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James Van Blaricum - Oil settles higher on turmoil abroad

04/30/08 | by admin [mail] | Categories: Announcements [A]

James Van Blaricum - Oil settles higher on turmoil abroad

Crude prices bounce back after new Nigerian pipeline explosion and incident between U.S. cargo ship and Iranian boats; strengthening dollar limits rise.

Oil prices rose sharply Friday on news that a ship under contract to the U.S. Defense Department fired warning shots at two boats in the Persian Gulf. Retail gas prices as expected rose further into record territory, nearing $3.60 a gallon.James Van Blaricum

Crude prices rose on initial reports that a U.S. ship had fired on two Iranian boats; the news raised concerns that a conflict between U.S. and Iranian forces could cut oil supplies from the region. A Navy spokeswoman said the origin of the boats was unclear. James Van Blaricum

The news was enough to send light, sweet crude for June delivery up to $119.55 before the contract retreated to settle up $2.46 at $118.52 a barrel on the New York Mercantile Exchange. James Van Blaricum

The incident worried investors because at first it appeared to be the latest in a series of encounters between U.S. forces and Iranian boats in the Gulf. Early this month, the USS Typhoon fired a flare at an Iranian boat that came within about 200 yards of the ship. In January, several Iranian boats made what the Navy described as provocative moves near a U.S. ship in the Strait of Hormuz. And in December, the USS Whidbey Island fired warning shots at a small Iranian boat that officials said was rapidly approaching the ship.

More trouble abroad: On Friday, oil prices were already up before the report on news of a pipeline attack in Nigeria and a looming refinery strike in Scotland. Jim Van Blaricum

In Nigeria, the Movement for the Emancipation of the Niger Delta, or MEND, said late Thursday its fighters hit an oil pipeline, the fourth conduit the group has attacked in the past week. MEND said the pipeline belongs to a Royal Dutch Shell PLC joint venture. A Shell spokesman confirmed one of its pipelines had been hit, but provided no additional details.

Earlier this week, Shell said a previous attack cut its Nigerian oil production by about 170,000 barrels a day. Signal Oil and Gas

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Separately, workers at an ExxonMobil Corp. (XOM, Fortune 500) joint venture in Nigeria cut production by an unspecified amount to demand more pay.

Adding to the supply concerns, BP PLC (BP) said it will shut down a 700,000-barrel-a-day pipeline system that carries oil from the North Sea to refineries in the U.K. The shutdown will occur on Saturday in anticipation of a strike at Scotland’s Grangemouth refinery expected to begin Sunday. The refinery supplies power and steam to the pipeline; if it shuts down, the pipeline can’t operate. James Van Blaricum

Stronger dollar: Oil’s rise came as the dollar strengthened. A stronger dollar typically encourages selling by making commodities, such as oil, less-effective hedges against inflation, and by making oil more expensive to overseas investors. Analysts say the dollar’s steady decline over the past year is the chief culprit behind this year’s rapid rise in oil prices. Siganl Oil and Gas

But, notes Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Ill., “that connection between oil and the dollar can be broken easily by supply issues,” which drove trading on Friday.

Gas prices jump: At the pump, meanwhile, gas prices rose another 2.1 cents Friday to a record national average of $3.577 a gallon, according to AAA and the Oil Price Information Service. Gas prices have been following oil futures higher, but are also rising due to concerns about whether gasoline supplies are adequate to meet peak summer driving demand.

Analysts expect gas prices to continue rising for at least another month to $3.70 to $4 a gallon. To a large extent, how high gas prices peak depends on what oil does. Signal Oil and Gas

Analysts have recently raised their oil price predictions to $125 to $130 a barrel. Earlier this week, the expiring May crude contract rose as high as $119.90 as investors scrambled to square positions.

However, the Federal Reserve is expected to cut interest rates less sharply next week than originally thought. Because rate cuts tend to weaken the dollar, a smaller-than-expected cut could push the dollar higher and send oil prices down.

In other Nymex trading Friday, May gasoline futures rose 3.51 cents to settle at $3.0537 a gallon, after earlier rising to a new trading record of $3.0815. May heating oil futures rose 4.45 cents to settle at $3.3028 a gallon. May natural gas futures rose 17.3 cents to settle at $10.963 per 1,000 cubic feet.

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