Page added on April 27, 2005
Oil prices are through the roof. OPEC is sitting pretty. Could things get any worse for energy buyers? You bet. There are troubling signs that natural gas producers are moving toward forming their own version of OPEC. While not an immediate threat, such a move could eventually drive up prices for an indispensable element of the U.S. long-term energy supply: In January, the Energy Dept. predicted that gas imports from outside North America will increase more than 700% and account for a quarter of U.S. consumption by 2025.
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