Ten years ago, I could not have written this column. The natural gas industry was different - limited domestic supply resulted in unstable prices. However, recent advancements in drilling technology have enabled the industry to discover, access, and produce abundant sources of natural gas in America. Because the industry has changed, the country's energy future is now more secure. In the electric utility sector this increase in natural gas supply means less price volatility, and producers are now able and willing to enter into longer-term contracts, which minimize risk to utilities and, ultimately, ratepayers.
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