Off Peak

Deck: 
Didn't Congress fix this problem a decade ago?
Fortnightly Magazine - July 15 2000
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Off Peak

July 15, 2000

Gas Price Pains

By Regina R. Johnson

Didn't Congress fix this problem a decade ago?

Then:

"There are those who say this legislation will result in higher prices to consumers. These are the same people who said there would be a fly-up in gas prices on Jan. 1, 1985, when natural gas was partially decontrolled. In fact, since that time gas prices have actually declined as market forces have begun to play an increasingly important role. If anyone has any concerns about whether or not this legislation will increase our domestic energy supplies, they need only look at what happened when Congress decontrolled deep gas in the late '70s and early '80s....

"The future of natural gas as a major energy source is bright indeed. It is a clean fuel found in abundance in the United States. By removing the last remaining price controls on natural gas we will be giving our domestic independent energy producers the opportunity to do what they do best—find new sources of natural gas at the lowest possible cost....

"The American natural gas industry needs this bill. Natural gas decontrol will move the industry ever closer to true marketplace competition. And it is from competition that the consumer stands to benefit the most. "

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