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Article: Despite regulatory constraints, future looks promising for gas.
- Article from:
- The Oil Daily
- Article date:
- December 18, 1985
- Author:
CopyrightCOPYRIGHT 1985 Energy Intelligence Group. 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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JUST ONe year ago at this time, many Americans were concerned about wild predictions of a sharp rise in natural gas prices, as the final layers of federal field price controls were about to be lifted on newly discovered gas. Those price rises never came.
One year later, the gas industry faces new regulatioins on gas transportation and continued federal statutory constraints on demand, and at a time when oversupply and take-or-pay obligations are the main problems. However, as in the past, the natural gas industry will overcome these obstacles to retain its position as the provider of America's premium fuel.
During 1985, America's 160 million gas ...