Future natural gas costs are predicted to be higher, but demand will grow slower than in prior projections, according to the Energy Info Administration’s latest yearly long term prediction, the “Annual Energy Outlook 2006.”

Additionally, home consumption of natural gas is projected to fall by six % from 2005 levels this year but increase by 7.7 % in 2007, the EIA says.

Energy conservation would help people cooling bills now and in the future. To help save energy :

* Put curtains on your windows to keep out the sun.

* Install a thermostat that may mechanically adjust temperatures. Set it for seventy five degrees in the summertime when you’re at home and raise it when you’re out.

* Turn off lights, appliances and electronic kit when not in use. Do your baking, washing, drying and ironing early in the morning or the evening.

* Clean or replace the filter for your air conditioner.

* Let dishes air dry in the dishwasher.

Costs related to natural gas consist of four main components: production, transmission, distribution and commodity price as determined by the marketplace.

When the gas is produced, it is broadcast over long distances by pipeline from the wellhead to a local gas company. Once at the gas company, it is stored and then distributed to local buyers. The cost of natural gas consumed is decided by supply, demand and other market conditions.

The Gulf of Mexico supplies twenty-five % of domestic natural gas that’s consumed in the U.S. But eleven percent of Gulf production is still blocked due to break from Hurricanes Katrina and Rita.

Twenty-three percent of natural gas goes to home use and 27 percent goes to electricity generation. Companies like Mammoth Resource Partners Inc., a Kentucky-based oil and gas exploration company, are striving to put a dent in skyrocketing natural gas prices by tapping into the gas-rich Appalachian Basin.

“While people are facing fast-increasing energy costs, financiers recognize that inside these increases exists a bigger investment potential,” claims Roger L. Cory, president of Mammoth Resource Partners.

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