|
|
Natural Gas Supplies Tight; Higher Prices Likely This Summer
- Article from:
-
The State Journal
- Article date:
-
July 16, 2004
- Author:
-
|
Copyright informationCopyright State Journal Corporation Jul 16, 2004. Provided by ProQuest LLC. (Hide copyright information)
|
Consumers should prepare to spend more for natural gas this summer.
The Natural Gas Supply Association says the big chill of last winter, high energy prices in 2003 and 2004, a forecast of a warm summer and only slight production increases in natural gas - and absence of a national energy policy - all point to higher natural gas prices.
The association also said wild cards in determining summer consumption of natural gas include not just weather but also global oil markets, declining hydroelectric output in the Pacific Northwest and California and pipeline maintenance.
"Overall, market costs are also likely to trend upward throughout this cooling season, peaking during the hottest days of ...