EIA cuts gas spring/summer gas price forecast on lower demand

HOUSTON, June 7, 2001 – Falling demand for natural gas to fuel electric generation in the first 5 months of the year helped send gas prices plunging and led to higher than expected injections into storage, said the Energy Information Administration in its June assessment.

NEW YORK, June 7, 2001 – Despite uncertainty surrounding U.S. and international environmental policies, companies in a wide range of industries–especially those in the energy field–are increasingly using emission reduction credits (ERC’s) as a way to meet the challenges of cutting greenhouse gas (GHG) emissions, according to Michael J. Radcliffe, senior manager–Integrity Management Services at KPMG LLP, the professional services firm.

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