October 2003

Trends and Resources

HP Impact: DOE offers guidelines to ease effects of natural gas prices

US Energy Secretary Spencer Abraham offers the DOE's suggestions for easing the effects of a tightening natural gas market. In a letter to state public utility commissioners, he recomme..

Weirauch, Wendy, Hydrocarbon Processing Staff

US Energy Secretary Spencer Abraham offers the DOE's suggestions for easing the effects of a tightening natural gas market. In a letter to state public utility commissioners, he recommended action for: Programs to encourage consumer energy efficiency Education campaigns on electric and gas conservation opportunities More efficient power sources Infrastructure expansion. Mr. Abraham notes that the EIA forecasts natural gas prices will average $5 - 6/MMBtu throughout 2003, diminishing slightly in 2004. Late summer prices in 2002 averaged $3.32/MMBtu. Consequently, he identified actions that can be take

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