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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Tomas who wrote (15677)12/11/2002 10:10:28 AM
From: Tomas  Read Replies (1) of 206093
 
Restrictions on Natural Gas Mean Higher Prices, Report Says
By Bill Murray

Washington, Dec. 11 (Bloomberg) -- Higher prices for natural gas will be inevitable over the next 15 years unless public attitudes and policies change regarding exploration and production in the U.S., according to a report by the American Gas Association.

Legal restrictions on exploration in the Rocky Mountains will need to be lifted and production from Canada, Mexico and Alaska must increase to meet future demand as more homes and electric- power generation plants use natural gas, the report from the industry-funded group said.

``It's time to `get real' about increasing supplies of natural gas in the face of growing customer demand,'' association President David Parker said in a statement.

Natural gas demand in the U.S. is expected to grow faster than coal or oil over the next 25 years, partly because stronger environmental laws have promoted its use. Natural gas is the most environmentally friendly fossil fuel, producing less carbon and sulfur than oil and coal.

``Federal and state officials must take the lead in overcoming the pervasive `not in my backyard' attitude toward energy infrastructure development,'' the report said.

The U.S. Energy Department projects domestic demand to grow 54 percent by 2025 and the share of electricity generated with the fuel is projected to increase to 29 percent in 2025 from its current 17 percent.
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