Editorial: Challenges and changes

03/17/2003
The federal Energy Information Administration predicts demand for natural gas in the US will rise to nearly 35 tcf in 2025 from 22 tcf last year. Skeptics in the oil and gas industry, citing limits on supply, don't believe the market can grow as much as EIA projects in its Annual Energy Outlook 2003. The future of energy in the US depends on the extent to which the skeptics are right.Already, events are sabotaging EIA's outlook, which envisions a demand recovery this year after 2 years of decline and continuation of the increase through the forecast period. As noted here last week, this year's extremely high gas prices might linger into 2004, making a demand rebound improbable...
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