A Fuel of the Future: Natural Gas
This chapter presents a brief, up-to-date analysis of the world natural gas market. Along with a sketch of supply, demand, and price, some consideration will be given to the deregulation-privatization controversy. The most striking thing about this issue is that it does not deal with deregulation as such, but with reregulation: the changing of rules. Similarly, the question is not privatization, since most gas companies are already in private hands, but ‘fragmentization’.
KeywordsMarginal Cost Demand Curve Spot Market Average Cost Price Peak Load Price
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