The United States and Natural Gas: Shortages and Gluts

U.S. Federal Reserve Chairman Alan Greenspan on June 11 uncharacteristically discussed America's long-term natural gas market — a field over which he has direct influence and impact. His statements were dead on in their assessment of rising prices and a need to expand import options. However, what Greenspan did not discuss was the relative ease with which the United States could link itself to international natural gas markets.