Natural gas demand is down, but producers can’t just turn off the tap

In a Marketplace piece about the demand for natural gas in the U.S., Prof. Ryan Kellogg was quoted as an expert source.

You just have, you know, a lot of natural gas molecules being produced, chasing really not a lot of demand,” said Ryan Kellogg, a professor at the University of Chicago’s Harris School of Public Policy. “Barring something really unexpected happening, we should expect natural gas prices in America to stay fairly low to moderate, at least for the foreseeable future, as in the next year or two."

Read the full story here: https://www.marketplace.org/2024/08/20/natural-gas-demand-heating-cooling-electricity-energy/