Natural gas supply concerns top US energy policy agenda

07/14/2003
With the prospect of natural gas prices escalating this winter, US policymakers are scrambling to look proactive even though Mother Nature carries more influence than politicians regarding gas price spikes.In its forecast, the Energy Information Administration last month said the natural gas market is tight, with gas storage levels lagging well behind normal levels. Spot natural gas prices likely will average $5-6/MMbtu through December, the agency said.But EIA Administrator Guy Caruso told the House Energy and Commerce Committee that prices could go higher if there is an abnormally hot summer followed by a cold winter. Shifts in near-term production could also impact prices, he said."It ...
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