Natural gas

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Natural gas is a traditional energy resource composed of gaseous hydrocarbons, the primary compound being methane.[1]

The U.S. Energy Information Administration predicts that the recent surge in natural gas production in the United States will have significant, positive effects on the industrial and manufacturing sectors of the economy, especially from 2014 to 2030. Natural gas is used to generate electricity and produce heat, and the industrial and manufacturing sectors are expected to benefit from lower prices. Additionally, chemicals derived from natural gas, such as hydrocarbon gas liquids are used to produce plastics, chemicals and pharmaceuticals. The lower prices of these goods are expected to also benefit the industrial and manufacturing sectors.[2][3]

See also

References

  1. U.S. Energy Information Administration, “Glossary, N” accessed January 29, 2014
  2. U.S. Energy Information Administration, "Annual Energy Outlook 2014 with projections to 2040," April 2014
  3. The EIA predictions used on this page refer to the EIA's AEO2014 Reference case. This Reference case assumes the current laws and regulations that govern national energy policy remain the same. For the other cases, including low and high economic growth, and low and high oil prices see their report [1].