WEAK DEMAND, SUPPLY GLUT CRIMPING U.S. GAS INDUSTRY
One of the warmest winters on record has kept the U.S. natural gas industry in doldrums. Unseasonably high temperatures during winter 1990-91 kept U.S. gas demand flat while supplies increased. Industrial gas demand already was lagging heading into last winter because of the economic recession. And the supply/demand balance worsened as gas storage use remained high while production and deliverability rose.