April 2001

Trends and Resources

HP In Brief: HPIn Brief

U.S. energy policy must develop 'a continental perspective,' says Daniel Yergin of Cambridge Energy Research Associates. Many of the pressing issues for gas and power are not limited to the U.S., so d..

Weirauch, Wendy, Hydrocarbon Processing Staff

U.S. energy policy must develop 'a continental perspective,' says Daniel Yergin of Cambridge Energy Research Associates. Many of the pressing issues for gas and power are not limited to the U.S., so dialogue with Canada and Mexico is very important. "Natural gas, which accounts for 25% of total energy supply, is the real swing fuel for the economy today," according to Yergin. Its role in electric power is growing, with over 90% of projected new capacity fueled by natural gas. Supplies are tightening; by year-end 2000 they were 6% lower than 1997 levels. As a result, attention is being focused on developing a few frontiers: deepwater Gulf of Mexico; liquefied natural gas; Arctic gas, includin

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