Industrial natural gas consumption in the United States: An empirical model for evaluating future trends

Projections based upon this demand framework indicate that industrial natural gas consumption may grow more slowly over the next 20 yr than being projected by the U.S. Energy Information Administration (EIA). This conclusion is based upon the assumption that natural gas prices will follow oil prices, as they have done over recent decades. If natural gas prices should lag well below oil prices, as envisioned by the latest EIA outlook, industrial natural gas consumption should rapidly expand well beyond the levels being projected by EIA.