When I get to the bottom
I go back to the top of the slide
Where I stop and turn
and I go for a ride
Till I get to the bottom and I see you again
Yeah, yeah, yeah
Look out
Helter skelter
helter skelter
helter skelter
Yeah, hu, hu.................................................................................................................
Mornin' Tip -g- Here's some old news.
Record Natural-Gas Shortage May Make Heating Costs Soar
By JOHN J. FIALKA
Staff Reporter of THE WALL STREET JOURNAL
WASHINGTON -- The U.S. is bracing for a record natural-gas shortage, one that could raise home heating prices for consumers by as much as 19% this winter, said Energy Secretary Spencer Abraham.
Speaking at a "natural-gas summit" of industry and government officials that he convened, Mr. Abraham also warned that many American jobs may be at risk, particularly in the fertilizer and chemical industries.
Experts who spoke at the meeting were pessimistic about most short-term solutions except for a government-led energy conservation campaign, similar to one that California used to lessen the impact of its electricity crisis in 2001.
William S. Stavropoulos, chief executive of Dow Chemical Co., called for Americans to cut electricity use by 5% this summer. The move would save a large amount of natural gas, he noted.
He and other speakers asserted that U.S. and state environmental regulations had brought on the crisis by encouraging cleaner-burning gas-fired power plants and at the same time restricting areas to explore for natural gas. While Canada now drills for gas off the Atlantic and in the Great Lakes, they noted, the U.S. bans drilling off both coasts and in the Eastern Gulf of Mexico.
Write to John J. Fialka at john.fialka@wsj.com
Updated June 27, 2003 |
