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AP reports that falling natural gas prices in the US are making residential consumers happy for the time being, but notes that unconventional (shale) gas drilling has fallen off a cliff in recent months - Homes that use natural gas for heat could save big. The 60 million American homes that rely on natural gas for heat can expect substantially lower bills next winter thanks to a glut in supply and the weak economy. Just as distributors start to lock in contracts for the coming winter, natural gas prices have fallen almost 75 percent. Not all of that will show up as savings on the heating bill, but it should still mean noticeable savings. Utilities also generate about a fifth of the nation's electricity with gas, and many of their customers should notice price breaks as well.

"The climate bill unveiled by U.S. Senators John Kerry and Joseph Lieberman on Wednesday would reward many businesses for cutting output of greenhouse gases but could add costs for those who do not. Stocks | Global Markets Kerry and Lieberman hope that companies who see opportunities in energy conservation and low-carbon power will convince lawmakers to support the bill which needs 60 votes to pass. Utilities such as FPL Group (FPL.N), Duke Energy (DUK.N) and Exelon (EXC.N) have lobbied alongside environmental groups for the climate bill as has General Electric (GE.N), a manufacturer of clean coal and natural gas systems for power plants and wind turbines. Here are some initial reactions to the bill from companies and business groups:"

Federal regulators said Friday that Fort Chicago Energy Partners LP's (FCE.UN.T) proposed liquefied natural gas terminal in the Pacific Northwest could be built without significant environmental losses, paving the way for possible approval. In a final environmental impact statement, the Federal Energy Regulatory Commission said the Jordan Cove LNG import terminal proposed near the Oregon coast, plus a 234-mile natural gas pipeline that would ship imported gas from the terminal to nearby interstate pipelines, could be built in a way that minimizes the potential threat of earthquakes, accidents and a terrorist attack, as well as potential harm to soil, wetlands and water resources.

Scientists, environmentalists and government and industry officials from around the world meet this week for a summit on greenhouse gas emissions that their host, Gov. Arnold Schwarzenegger, hopes will highlight the economic benefits of pursuing green technologies. The conference, which begins Tuesday in Beverly Hills with some 700 participants expected, is an attempt by the Republican governor to influence a U.N. gathering in Poland next month.

Bryan Carisone, a heating and air-conditioning contractor in Raritan, N.J., "absolutely loves" his new GMC Denali XL, an extra-large sport utility vehicle with televisions built into the leather seats. But in June, one week after he bought it, he pulled into a station on a near-empty tank and watched the total climb higher and higher - to $109.