Should the price of natural gas in the field be regulated by the Federal Government? Federal Power Commission Chairman Jerome Kuykendall and gas producers say no. They favor a bill by Arkansas' Democratic Representative Oren Harris that would free natural gas from regulation at the wellhead, thus overturn a U.S. Supreme Court decision of last June (TIME, June 14). Last week, at a House Interstate and Foreign Commerce Committee hearing on the bill, the representatives of more than a dozen utility companies called for federal regulation; they argued that the continuing increase in the cost of natural gas may price it...
To continue reading:
or
Log-In
