The gas industry's challenge

The US natural gas industry has come to a bump on its road to a 30 tcf market by the end of this decade. It's the year 2001. Important political battles loom.The challenge takes local shape in California, where electricity and natural gas are in short supply and, in the northern part of the state, weather is cold. Electrical power and gas have changed hands at astonishingly high prices. And assumptions are developing, not just in California, that 1) electricity deregulation doesn't work, and 2) there is not enough gas to satisfy demand.A nationwide effort to correct these misapprehensions is in order. Hope for a 30 tcf gas market depends on continued expansion of demand for electr...

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