Bibliographic Details
| Title: |
Can Gas Storage Development Survive the Recent Financial Market Collapse? |
| Authors: |
Beckman, Kenneth L.1 igc@igc.com |
| Source: |
Natural Gas & Electricity. Dec2008, Vol. 25 Issue 5, p19-21. 3p. |
| Subject Terms: |
*Business losses, *Financial markets, *Financial crises, *Recessions, *Business cycles, Energy storage, Energy transfer, Storage |
| Geographic Terms: |
United States |
| Abstract: |
The article focuses on the survival of gas storage development in the recent financial market in the U.S. It mentions that 49.5 billion cubic feet of mostly multiturn market-based-rate storage capacity enter service including the expansions of existing facilities. It notes that the downturn for the finance industry may provide relief from inflationary pressure. The application of long-run marginal cost economics to gas storage may indicate that the traditional long-term customers of storage are returning to the storage customer base. Moreover, it asserts that the recent financial crisis will wash out a few developers and some of the less rational projects. |
| Database: |
Business Source Complete |
