Natural Gas and Water Resources: Challenges and Solutions
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Natural Gas: Problems and Market Dynamics
Natural gas problems: They are not renewable. Asian economies are beginning to increase demand for the product, which will raise prices. Major producers: Russia, USA, Iran, China, Saudi Arabia. Refiners: Western USA. Consumers: USA, Japan, Germany, and Asian economies.
Problems with Natural Gas
Producers are trying to regulate and control the market, similar to the oil market. The Organization of Petroleum Exporting Countries (OPEC), comprised of 11 states, controls 78% of petroleum. Oil prices are still high but not excessive, to prevent economic crises (drop in consumption).
Consumers are diversifying their purchasing locations and seeking energy alternatives, although these are often more expensive.... Continue reading "Natural Gas and Water Resources: Challenges and Solutions" »