US natgas demand cut seen way to avert price spike

Newswire

By Spencer Swartz SAN FRANCISCO, May 22 (Reuters) - With little hope of new supplies flowing to the market anytime soon, energy analysts say U.S. natural gas consumers must fight soaring prices this summer with the only weapon left in their arsenal: cut demand. Driving natural gas prices higher is a steep fall in inventories -- down 50 percent from a year ago -- following heavy furnace demand during the bitterly cold winter of 2002-03. Analysts are concerned producers won't be able to ...

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