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High Natural Gas Prices Natural gas seasonal prices staying high is the title of an article written by Josef Hebert from the Associated Press on June 8 2004 The article discusses the amount of natural gas stored in the United States as well as the growing demand of natural gas and how the pricing will stay high throughout the summer months of 2004 Natural gas has thousands of uses approximately 23 percent of the energy consumption of the United States is from natural gas More than one-half of the homes in the United States use natural gas as their main heating fuel Over 619 million homes use natural gas to fuel stoves furnaces water heaters clothes dryers as well as other household appliances Energy Information Agency wwweiadoegov The essential raw material for many common products is natural gas these products include explosives medicines photographic film dyes antifreeze plastics fertilizer and paints Natural gas is also used to produce steel glass paper clothing brick electricity and list could go on the World industry depends on natural gas Because of the wide usage of natural gas when the prices fluctuate it affects all of us Energy Information Agency wwweiadoegov In the year 2000 the United States natural gas consumption reached 226 trillion cubic feet and has continually risen since that year In the year 2000 the consumption of natural gas in the electric utility and industrial sectors moved in opposite directions Industrial consumption was 95 trillion cubic feet of natural gas while the electric utilities consumption of natural gas was 30 trillion cubic feet It is estimated that by the year 2020 the United States projected consumption of natural gas will be between 28 trillion and 32 trillion cubic feet with the majority of the increase being used for electricity generation Energy Information Agency wwweiadoegov So why are the prices so high today The article being analyzed by Josef Hebert states that while there is plenty
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