U.S. wellhead deliverability slide may spike gas prices in late 1999

Click here to enlarge imageThe continuing decline in U.S. natural gas wellhead deliverability may be setting the stage for a sharp spike in natural gas prices later this year.While this trend of declining deliverability has been under way for some time, its impact on gas markets has been somewhat masked by recent lags in the rate of growth in U.S. gas demand-in turn largely the result of aberrant weather patterns.But the arrival of a hotter-than-normal summer and the forecast return of normal (or colder-than-normal) winter weather have stripped the mask away from the U.S. deliverability dilemma.Many industry observers are moving toward a consensus that the convergence of usual market fa...

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