Future natural gas prices are expected to be higher, but demand will grow more slowly than in previous projections, according to the Energy Information Administration’s latest annual long-term forecast, 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 those 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 electrical equipment 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 25 percent of domestic natural gas that is consumed in the U.S. But 11 percent of Gulf production is still blocked due to damage from Hurricanes Katrina and Rita.

Twenty-three p.c of natural gas goes to use at home and twenty-seven % goes to electricity generation. Corporations like Mammoth Resource Partners Inc, a Kentucky-based oil and gas exploration company, are endeavoring to put a dent in skyrocketing natural gas costs by drumming 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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