Natural gas: Pipeline limits or limited supply?

Wednesday, December 20, 2006

An Associated Press story by Brad Foss looks at storage and pipeline shortages as the cause for higher than usual natural gas prices during the current mild winter.

However, Andrew Weissman (Editor-in-Chief & Publisher, EnergyBusinessWatch.com) finds an emerging natural gas crisis:

By the mid to later part of the next decade, this gap [betwen supply and demand] is likely to reach a minimum of 7.5 to 10.0 Tcf per year – an amount roughly equivalent, in BTU terms, to 1.5 X the amount of oil the U.S. currently imports from the Middle East.

Read Weissman's freightening predictions at energypulse.net.