The Growth of the Natural Gas Industry
The natural gas industry in the United States has undergone significant changes in the last twenty years. As I noted last time, until 1993 the industry was beset by regulation that controlled both price and flows. With the removal of those regulations the industry was able to make considerable strides to increase market share. As it became able to do so, the problems perceived from the burning of coal in particular as a power plant fuel, led to moves to increase the amount of electricity that is produced using natural gas. By 2009 the installed capacity to generate electricity included
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