"U.S. natural gas supplies could fall as much as 10% in as little as six months from now. The drop could be close to double this amount by the time it bottoms.

"If this happens, it will jolt the U.S. economy far worse than the 1973 Oil Embargo. And unfortunately, there is no quick fix to this supply crisis."

Here are some of GRI's projections [Click on images for detailed views]

A lesson in the "Law" of Supply and Demand
First, let's look at Demand
Now look just at how gas gets used, speculate about future demand,	... and project electricity's share of future gas demand.
and now Supply
Well, then, how about gas from Canada? The USA is importing 60% of Canada's current supply, so here GRI says there is more for the taking. After all, it's only money!	How about bringing technology to the rescue? It worked before, why not now?

Merchant electrical generators are building or proposing gas-fired power plants that will only create ever greater dependency on a dwindling resource. Isn't it about time for the energy industry to get serious about alternatives to oil and natural gas?

More about Natural Gas

More about the California Energy Crisis

The iNetNews Service is a multi-media, project-based, experiential learning program for youth, sponsored by SolarQuest® and Solar Today®. Serving as iNetNews Team correspondents, young people with demonstrated interest in sustainable energy participate in and report on local, national, and international events.