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- W11723113 abstract "New technology has played a major role in the deregulation of the US natural gas industry. Advances in the personal computer, fiber-optics transmission, the deregulation of the telephone industry and improvements in satellite communications have created the new ``information highway.`` Oil-futures trading is a little over a decade old, but natural gas futures are less than five years old. Both trading systems depend heavily on computers and communications. The deregulation of the natural gas industry by the Federal Energy Regulatory Commission (FERC) could occur only if there were more nearly perfect knowledge by many industry players. High technology supplies that. Previously, the natural gas industry had to be regulated because of a lack of market information by the various players involved. The FERC is now relying heavily on the public bulletin boards to work with instant communications and computers. The FERC is assuming that all players have equal access to this transportation information. The agency is relying on the free market between producers and consumers to set the correct price of gas at the wellhead." @default.
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- W11723113 date "1995-09-01" @default.
- W11723113 modified "2023-09-28" @default.
- W11723113 title "High-tech progress and gas deregulation go hand in hand" @default.
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