talk will explore the opportunities to increase natural gas demand created by changing
generating technology and by changing environmental regulations. The technology choices
being made by electric generators are certain to have a significant impact. The shape of
new environmental regulations--
particularly those aimed at reducing carbon emissions--is less certain. Gas will not go
unchallenged, however. Coal and renewables, and perhaps even conservation and nuclear life
extension, can be
expected to challenge the growth in gas demand.
- These projections are largely from the Annual
Energy Outlook 1999 and from our report on the Impacts of the Kyoto Protocol on
U.S. Energy Markets, both released last year. Both documents are a product of
the Energy Information Administration, which is an independent statistical and analytical
agency within the Department of Energy.
- Assumptions are critical to any forecast. These
projections are not statements of what will happen but of what might happen,
given certain assumptions. The reference projections are business-as-usual forecasts,
given known technology and technological trends, demographic trends, and current laws and
regulations. EIA does not propose, advocate, or speculate on changes in laws and
regulations. So, one of our key assumptions is that all current laws and regulations
remain as enacted.
Slide 1 of 17