JavaScript

This website requires the use of Javascript to function correctly. Performance and usage will suffer if it remains disabled.
U.S. Natural Gas Shortage

Real Truth logo

World News Desk

U.S. Natural Gas Shortage

Learn the why behind the headlines.

Subscribe to the Real Truth for FREE news and analysis.

Subscribe Now

In addition to a potential oil crisis, the U.S. also faces a natural gas shortage. Supplies have reached critical levels (lowest since 1976) and may not be adequate to meet demand during a hot summer. The U.S. Energy Secretary, Spencer Abraham, called an emergency meeting of the National Petroleum Council in June to address this urgent but less publicized issue. Prices have reportedly increased as much as 700% over the last three years.

“No company, no industry, no consumer can absorb a threefold increase in major raw material prices and continue to compete in the global marketplace,” said Greg Lebedev, president of the American Chemistry Council, the largest industrial users of natural gas. Natural gas supplies and prices affect several industries, from steel to petrochemicals.

Source: The Financial Times


FREE Email Subscription (sent weekly)


Contact Information This information is required.

Comments or Questions? – Receive a Personal Response!



Send

Your privacy is important to us. The email address above will be used for correspondence and free offers from The Restored Church of God. We will not sell, rent or give your personal information to any outside company or organization.


Latest News

View All Articles View All World News Desk