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Natural Gas Market Indicators
Year-to-date consumption of natural gas in 2010 compared to 2009 indicates growth of about 3.7 percent on an average daily basis, according to Bentek Energy. While industrial demand is up about 1.8 percent, power generation (+4.6 percent) and residential/commercial (+3.9 percent) lead the consumption growth and are, of course, tied to temperature sensitive loads during the colder than normal months of January and February.
At the same time, domestic production strength has asserted itself, also. For the longer term, some believe more natural gas will be consumed during the coming decades regardless of whether climate legislation is enacted or not.
One of those persons is FERC Commissioner Philip Moeller who, when speaking before congress on March 23, noted his expectation that more electricity will be generated using gas and that pipeline infrastructure and storage assets will continue to be constructed. FERC Commissioner Spitzer said (at the same hearing) that pipeline assets may require an investment of $108-163 billion between 2010 and 2030 (28,900-61,900 miles of pipe) in the United States and Canada and that adding 371 to 598 Bcf of underground storage capacity at a cost of $2-5 billion may be necessary, too.
Visit this link to download the full Natural Gas Market Indicator. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
New Defend My Dividend video
The dividend tax rate reduction benefits more than 27 million households – more than half of which have incomes of less than $75,000. But if Congress does not act to protect America’s investors, the maximum tax rate on dividend income will rocket from 15 percent to nearly 40 percent at the end of this year! The Defend My Dividend national grassroots campaign is dedicated to keeping dividend tax rates low – check out their new video below:
AGA Goes to Bat for Natural Gas Users
The folks over at Wonk Room put together a pretty contentious piece attacking U.S. business leaders. We thought we’d respond by telling them a little bit about who we are and why America needs natural gas. See our response here
True Blue Natural Gas Blog from the American Gas Association (AGA)- Beating the Heat with Summer LIHEAP Action Day
- “The Future of Natural Gas,” Meet Dr. Ernest J. Moniz, MIT
- Renewable Gas – Vision for a Sustainable Gas Network
- The Natural Gas Revolution
- The natural gas grid…the really smart grid
- Meeting the Route 66 guys
- Drilling 101
- ‘Drive To Inspire’ Rides Through Tulsa
- Congratulations to the AGA Awards of Merit Recipients
- Summer LIHEAP Action Day
