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Page added on April 29, 2006

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Natural Gas Economy Is Losing Steam

On the brink of the 21st century, a group of energy experts peered into the future of natural gas, and what they saw was quite rosy – and quite wrong. To satisfy growing demand, producers could crank out a third more natural gas over the next decade at “competitive prices.” It could “power our economy” for decades beyond. Or so said the National Petroleum Council in its 1999 report.


Something is broken in the economics of natural gas, say people inside and outside the industry. The bright dream of an economy built squarely on clean-burning natural gas is slowly deflating. Although we still derive almost a quarter of the country’s energy from natural gas, its share will slip in coming decades, federal forecasters now say.



forbes



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