Natural Gas Price Volatility- Natural Gas Supply and Demand

natural gas supply demand
Natural gas is the fastest growing energy source worldwide, and its share of total energy consumption, according to the EIA, is projected to increase from 23% in 1999 to 28% in 2020. For the United States, the gas share is predicted to increase from 23.6% in 2000 to 26.5% in 2020. Gas is the cleanest of the fossil fuels, and it is the preferred choice for new electric power plants driven by gas turbines. Coal is likely to remain the lead fuel for power generation, but natural gas will expand its share considerably. (more…)