June 18, 2006
WHAT SHALL WE DO WITH THE SURPLUS?:
As Natural Gas Glut Looms, Producers Eye the Weather (Steven Mufson, June 16, 2006, Washington Post)
The whole world is talking about energy shortages, but for the moment, the U.S. natural gas business is looking at a potential glut.Posted by Orrin Judd at June 18, 2006 11:27 AMThanks in part to a warm winter, inventories of natural gas have built up to levels far greater than normal for this time of year. And terminals built to handle imports of liquefied natural gas from other countries are operating at about half of their capacity.
Comments
The gas surplus is temporary. The problem isn't supply but rather sky-rocketing demand. It is mainly due to all the new gas-fired power plants coming online. The Clean Air Act makes it uneconomical/impossible to build new coal plants, and no new nuclear plants have been proposed since the 70s.
Posted by: Gideon at June 18, 2006 1:29 PMSend it to the Strategic Gas Reserve in Washington D.C.
Posted by: ed at June 18, 2006 5:21 PM
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