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Page added on October 26, 2005

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Will We Have Enough Natural Gas?

Natural gas prices have soared to record highs recently as traders and industry officials anticipate a winter season of cold temperatures and tight supplies. The big concern: Could the nation run out of natural gas this winter?

Natural gas futures prices dropped slightly today to $14.04 per million British thermal units after a record settlement price yesterday of $14.388 mmBtu. The dip comes a day before the Energy Department releases the latest inventory figures for natural gas. Commodities traders will be studying the number closely.

“I don’t think we’ll have enough going into winter,” said John Kilduff, Senior Vice President of the energy risk management firm FIMAT USA.
ABC News



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