Low domestic prices for natural gas aren't sustainable, said Richard Myers, the Nuclear Energy Institute's vice president of policy development, planning and supplier programs, in response to a story in The Wall Street Journal. A mix of abnormally mild weather, a major supply boost spurred by shale drilling and reduced demand have caused prices to decline. Gas producers have also slowed drilling as a result of weak prices, and the spot market continues to show the instability of such prices, Myers notes.

Related Summaries