November 7th, 2005 - -
Interior Appropriations Subcommittee on Wednesday, November 9th at 10 am in B-308 Rayburn will hold a comprehensive hearing to evaluate the effects of record high natural gas prices on citizens who depend on natural gas and the need for Federal policy changes to address natural gas supply and demand.
Natural gas prices in the United States have increased 1,139% over the past 15 years. As of the end of September the price reached an all time high of $14.40 per million BTU (MMBtu). In March of this year the price was $7.00.
Overview of natural gas prices, supply and demand by Guy Caruso, Director, Department of Energy, Energy Information Administration
Mr. Robbie Hyde, President, Mill Hall Clay Products, Mill Hall, PA; Dr. Edgar B. Hatrick, Superintendent of Loudoun County Public Schools, VA
Mr. Andrew Liveris, President and CEO, The Dow Chemical Company, on behalf of the American Chemistry Council; Mr. David Bradley, Executive Director, National Community Action Foundation; Mr. Fletcher Steele, CEO of Pine Hall Brick Company, Winston-Salem, North Carolina on behalf of National Association of Manufacturers; Mr. Phillip Nelson, President, Illinois State Farm Bureau, on behalf of the American Farm Bureau Federation
The Honorable P. Lynn Scarlett, Department of the Interior, Assistant Secretary for Policy, Office of Management and Budget; The Honorable David K. Garman, Department of Energy, Under Secretary for Energy, Science