No Silver Bullet for Solving Gas Supply/Demand Problem

Rigzone reported that higher energy efficiencies, renewables, liquefied natural gas (LNG) and the eventual construction of the Alaska pipeline can all help resolve the current gas supply/demand dilemma in the U.S., but there is no single silver bullet that can dramatically lower natural gas prices from their high levels today, a broad cross-section of energy and environmental officials agreed at a conference on Tuesday.

Alan Nogee of the Union of Concerned Scientists noted that energy efficiency and renewable energy "can be ramped up very quickly to produce very significant gas savings and gas price reduction -- as high as 20% gas price reductions in a fairly short period of time."

I hope congress takes note of that last remark.