GAS INDUSTRY FACES WINTER SUPPLY TEST
The U.S. natural gas business has reason to herald its golden age. In a trend favored by environmentalists and President-elect Bill Clinton, gas demand is growing again. Prices at the wellhead have recovered from an early-year slump, notwithstanding last week's setback. A decade-long deliverability surplus has shrunk to tolerable size. Completion of Federal Energy Regulatory Commission Order 636 at least partly clarifies the rules of gas business conduct.