Natural gas cash and prompt-month prices have been reasonably stable for the past month (about $3.50 per MMBtu). While analysts debate market expectations for the summer, what seems to be agreed upon by many are stubbornly solid domestic production, a strong underground storage position and an uptick in LNG imports on the supply-side along with an economy that is not yet ready to support a surge in large volume customer demand.
What makes the current situation more interesting is that it comes at a time when Congress is beginning the debate on energy policy and climate change – and what a debate. Whether you are reading the paper or listening to the radio, you can’t escape the energy discussions that point out the seemingly boundless wind and renewable opportunities. However, where is natural gas in the debate?
Expanding natural gas in home and business direct use applications, in transportation and even in power generation would significantly reduce the nation’s carbon footprint. Technologies for producing, delivering and using the fuel efficiently are here today – and are here now – with no heroic assumptions necessary. So where is reliable and secure natural gas in the national debate?
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