EMF Publications


EMF 20 Report: Natural Gas, Fuel Diversity, and North American Energy Markets

Report

Author
Energy Modeling Forum - Stanford University

Published by
EMF 20 Working Group, Vol. 1, page(s) 55
September 2003


Will natural gas be the bridge fuel to a more environmentally friendly future? This fuel has played a prominent role in many projections of future North American energy market conditions. In recent months, however, a second look has cast a more gloomy view. Resource experts have reduced their estimates of how much gas might be coming from the Western Sedentary Basin of Alberta. Domestic U.S. production has dipped at a time when gas prices have been pushing upward. A new pessimism has supplanted the previous bullish outlook for this energy source.

In response to a need for a balanced evaluation of natural gas markets, Stanford University’s Energy Modeling Forum organized an ad hoc working group. This working group was comprised of leading experts and advisors from government, companies, research organizations, and universities. Rather than presenting one view of how markets might unfold, the process sought to explore the range of uncertainty and differences among experts. To help focus the discussion, the group organized their sessions around simulations from several models. This report summarizes the main findings of this working group’s efforts.