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Article: APPROPRIATENESS OF IMPOSING COMMON CARRIER STATUS ON INTERSTATE NATURAL GAS PIPELINES*
- Article from:
- Energy Law Journal
- Article date:
- January 1, 2004
- Author:
CopyrightCopyright Foundation of the Energy Law Journal 2004. Provided by ProQuest LLC. (Hide copyright information)
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I. INTRODUCTION
For every problem there is a simple solution . . . which is usually wrong.
H. L. Mencken1
Natural gas, which has been called a perfect fuel,2 currently is too expensive,3 priced too low,4 in excess supply, but will be in demand in the future.6 Although natural
gas has enjoyed a price advantage over alternative fuels,7 natural gas now is more expensive than fuel oil in many parts of the United States8 This has caused a significant problem for interstate natural gas pipelines which find that their markets are eroding at the same time when they must take or pay for large volumes of unmarketable natural gas pursuant to contractual obligations incurred in the middle and late ...