NEI exec responds to WSJ report on natural gas, nuclear prospects

01/30/2013 | NEI Nuclear Notes blog

Low domestic prices for natural gas aren't sustainable, said Richard Myers, the Nuclear Energy Institute's vice president of policy development, planning and supplier programs, in response to a story in The Wall Street Journal. A mix of abnormally mild weather, a major supply boost spurred by shale drilling and reduced demand have caused prices to decline. Gas producers have also slowed drilling as a result of weak prices, and the spot market continues to show the instability of such prices, Myers notes.

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