This is an excerpt from EERE Network News, a weekly electronic newsletter.
EIA: U.S. Natural Gas Supply Adequate but Tight for 2003
The United States should have enough natural gas to meet its needs in 2003, according to DOE's Energy Information Administration (EIA), but the surplus capacity presents a "relatively narrow margin" to respond to any sudden demand increase or drop in production. In its "Natural Gas Productive Capacity for the Lower-48 States," released on March 31st, the EIA notes that withdrawals of stored natural gas can usually be employed to respond to such problems, but with U.S. gas storage levels at record lows, such events are likely to cause price spikes. The solution, says EIA, is to maintain or increase gas well drilling. Indeed, the EIA projects a 34 percent increase in gas well completions in 2003, compared to 2002. See the EIA press release or go directly to the full report.