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Questioned On Natural Gas Production And Consumption Claims

A reader of the Musings wrote me to say he enjoyed reading my newsletter but he took issue with certain statements I made about the natural gas market in the latest issue.  I wrote that "At the root of the gas price problem [low gas prices] is a lack of significant natural gas demand growth coupled with a very modest decline in gas production due to the drop in drilling during the first half of 2009."  The writer suggested that I obviously hadn't looked at the latest data from the EIA's natural gas monthly report.  He wrote that "claims that production declined

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