| From State.gov: 2009 turned out to be a turbulent year in many respects and that characterization aptly describes world energy markets. With the financial and economic crisis, global energy use declined, prices fell and an oversupply of natural gas on the world market materialized. This situation is creating some risk in the market.
Cheaper gas prices could slow the development of clean technologies – like wind, solar, geothermal – and could dampen our resolve to seriously pursue energy efficiency. We can’t let this happen. Depressed prices and revenue streams have led oil and gas companies to delay projects and investments that would bring more production on line.......................................Full Article: Source
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