CEO Alliance Calls for More US Natural Gas Supplies

Assembled at a news conference in Washington on Tuesday, five chief executives of natural gas producers and industrial natural gas consumers called on the Bush Administration and Congress to take immediate action to help increase US natural gas supply.

“There is no shortage of natural gas in this country,” said Anadarko CEO Jim Hackett. “In fact, Minerals Management Service studies indicate there are 1,040 trillion cubic feet of gas waiting to be discovered, yet we can’t get access to much of this resource because of various government restrictions. It’s Economics 101–tight supplies lead to higher prices for everyone.”
Rigzone