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Article: The national natural gas crisis: why we should all be concerned.(From the burner tip: a close-up look at the natural gas business)
- Article from:
- Pipeline & Gas Journal
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Oildom Publishing Company of Texas, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Natural gas prices have increased sharply in recent months. Gas price escalation not only has become a threat to the entire U.S. economy and its recovery, it could also reverse the environmental gains enjoyed by the growth in use of this clean-burning fuel. Federal Reserve Chairman Akin Greenspan elevated the current natural gas situation to the status of a crisis over a period of 10 days recently by commenting oil the destructive impact of high natural gas prices.
Gelber & Associates wonders why it took so long since the first shortages occurred in late 2000 until now for the natural gas supply shortage to become a matter of national concern and why Greenspan, an ...