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Article: Natural gas demand outruns supply
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- June 11, 2003
- Author:
CopyrightCopyright 2003 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Natural gas demand outruns supply, pushing prices higher
Greenspan predicts costs to consumers, businesses will continue to
rise
By MARILYN GEEWAX Cox News Service
Wednesday, June 11, 2003
Washington -- Consumers and businesses facing sharply rising
prices for natural gas won't see any relief soon, Federal Reserve
Chairman Alan Greenspan warned Tuesday.
The price of gas has nearly doubled in the past year to $6.31 per
thousand cubic feet because of persistent shortages, and there is
about one chance in four that by winter "the peak price will exceed
$7.50" per thousand cubic feet, Greenspan said.
"We are not apt to return to earlier periods of relative abundance
and low prices any time ...