SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (121761)12/17/2003 10:05:11 PM
From: quehubo  Read Replies (2) of 281500
 
Hawk here is the article I cited earlier. The government will have a hard time keeping a lid on Hubberts peak.

Cold Temperatures Behind Strong Gas Demand

By Debra Marks

WASHINGTON (Dow Jones) - U.S. Energy Secretary Spencer Abraham said Wednesday that recent cold temperatures in the U.S. are contributing to strong demand for natural gas.

But he said that hoped-for new gas supplies aren't coming on stream as quickly as anticipated.

"Earlier and extended cold temperatures throughout many parts of the country seem to have accelerated the cyclical demand for natural gas," he said, speaking at a summit on liquified natural gas. "The increased drilling we have seen since last spring isn't having the effect we had hoped."

Abraham said that according to an analysis from Raymond James & Associates, production is down, despite more wells being drilled.

Abraham stressed once again the need to pass comprehensive energy legislation in the U.S. Congress to strengthen the U.S.' long-term energy position.

"If Congress passes the energy bill, we can look forward to a day when the likelihood of these price spikes is greatly alleviated," he said. "Until that happens we should all be taking actions that can ameliorate these episodic bouts of high prices and short supply."

© 2003 Dow Jones Newswires.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News