Sunday, November 30, 2008
DENVER - In the push toward more energy independence, massive infrastructure projects that will help to deliver it have clashed with cherished rights of land ownership.
Proven natural gas reserves have jumped 10 of the past 11 years, according to the Energy Department's Energy Information Administration, and thousands of miles of new pipelines have snaked in every direction.
In just the past 10 years alone, more than 20,000 miles of new natural gas pipelines have been built and brought on line. Those pipelines can carry more than 97 billion cubic feet of natural gas every day.
But the massive expansion comes as energy use is decreasing, which could lead to its own bust and boom cycle on prices, said E. Russell Braziel, managing director of Bentek Energy, an energy markets information company based in Evergreen.
"With additional infrastructure construction being completed and new projects coming online over the next few years, we expect to see significant volatility in regional price differentials for a while to come," he wrote.
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