May 2003

Trends and Resources

HP Impact: ACC researches impact of sustained high natural gas prices

A recent report from The American Chemistry Council (ACC) details the overall impact to the US economy if natural gas prices remain high during the next few years. ACC's economic analys..

Weirauch, Wendy, Hydrocarbon Processing Staff

A recent report from The American Chemistry Council (ACC) details the overall impact to the US economy if natural gas prices remain high during the next few years. ACC's economic analysis considers the impact of natural gas prices settling at about $6.00/million Btu - roughly triple the historical price. Price assumption is based on an evaluation of current natural gas supply-demand trends and an emerging consensus among energy analysts. "Sustained high natural gas prices will reduce the economic growth rate by 0.2%/yr, or $200 billion of lost GDP," according to this outlook. High natural gas prices will damage the

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