Firms Seek End to Natural Gas Drilling Ban
Posted on: Wednesday, 28 June 2006, 15:00 CDT
U.S. businesses are urging Congress to lift its moratorium on drilling for domestic natural gas.
A National Association of Manufacturers member and small business owner from Philadelphia warned the House Small Business Committee that skyrocketing natural gas prices are weakening their ability to compete globally.
Jeff Uhlenburg, president of Donovan Heat Treating Co. Inc, said Wednesday that skyrocketing prices are inevitable as a result of federal policies encouraging demand while also restricting domestic natural gas supplies.
The U.S. pays the highest natural gas prices in the world, Uhlenburg said. My prices have risen more than 600 percent since the late 1990s and, even before last year's hurricanes, the price had nearly doubled in 2005 alone.
He said it was imperative for lawmakers to allow the development of adequate and diverse domestic energy supplies in order to take pressure off natural gas. This particularly includes opening up the abundant oil and natural gas supplies on the Outer Continental Shelf, Uhlenburg said.
Source: United Press International
Related Articles
- Gas Natural to Replace Domestic Gas Appliances in Madrid
- Gas Natural to Supply Natural Gas to PCTCAN
- Gas Natural Begins Natural Gas Supply to Moia
- Gas Natural to Improve Natural Gas Supplies in Miguelturra
- Gas Natural to Invest E2 Million to Supply Gas in Tivissa, Spain
- EDF Signs LNG Supply Contract With Gas Natural
- Russia to Face Kazakh Gas Transit Price Hike
- Gas Futures Prices Hit Record Highs
- Turkmenistan to Raise Gas Export Prices
- Endesa Rejects Gas Natural Bid But Other Power Deals Are Likely Before Power Market is Freed
 |
 |
User Comments (0)
RSS Feeds