|The Physical Object|
|Pagination||iv, 141 p. ;|
|Number of Pages||141|
The United States produces more natural gas than any other fuel and its consumption of gas is second only to petroleum. Before the onset of the shale revolution, the forecasts at the time indicated that U.S. natural gas imports from Canada and Mexico via pipeline and other countries by way of LNG would continue to rise, because of growing levels of consumption and . The problems faced by countries intending to develop their natural gas reserves are very different from those of the established oil producers, for both economic and practical reasons. This book provides a comprehensive survey of the major issues involved in the pricing of gas and in the planning of its development. The authors feel that overstatements of the economic impact of natural gas deregulation on residential users overlook the reversal that will occur in relation to world oil markets. Economic Impacts of the Natural Gas and Oil Industry. The natural gas and oil industry is a critical part of the U.S. economy. In , these energy resources supported million jobs and contributed more than $ trillion to the U.S. economy.
A Perspective on the Economics of Natural Gas Decontrol MACK OTT and JOHN A. TATOM FUNDAMENTAL lesson that economic policy-makers learned over the past decade is that microeco-nomic energy policies can have a significant effect on the nation’smacroeconomic performance. Early inthe decade, price regulation in domestic energy markets. Natural gas prices have risen significantly in recent months, surpassing nearly all forecasts. In December, the spot price at the Henry Hub—the benchmark for U.S. natural gas prices—averaged $ per million British Thermal Units (MMbtu), more than three times the average spot price one year earlier. Natural gas's real potential for economic impact lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing. In order to address the problems of gas flaring, it is necessary to understand why the natural gas is being flared. Because oil and natural gas are mixed in every oil deposit, the natural gas called “associated gas” must be removed from oil before re al. ). Gas fining (Ashton et flaring is simply the burning of this associated Size: KB.
An economic analysis of the impact of oil and natural gas price decontrol on the State of New Mexico: Publication Type: Book: Authors: Hof, JG: Place Published: Albuquerque, NM: Publisher: University of New Mexico: Year: Keywords: Natural gas – New Mexico – Rates, Petroleum – New Mexico: Call Number: LDN H URL. The Natural Gas Act of instituted pipeline regulation by the Federal Power Commission, which was reconstituted as FERC in The government justified regulation by asserting that pipelines were “natural monopolies” with scale economies so pervasive that a single line (or a handful to guarantee reliability) was the most economical link between producing and . the Oil and Natural Gas Production and Natural Gas Transmission and Storage source categories (April ). Both the Economic Impact Analysis and the BID are in the public docket for the NESHAP final rulemaking. Copies of these reports and other material supporting the rule are in Docket A at EPA's Air and Radiation Docket and Information. The authors feel that overstatements of the economic impact of natural gas deregulation on residential users overlook the reversal that will occur in relation to world oil markets. They note that the effect of price controls has been lower consumption growth, smaller reserves, and reduced production levels.