It is also important to note that while natural gas prices have been fairly flat for the last couple of years, the Chicago Mercantile Exchange price of natural gas eight years from now is selling for over 84 percent above today's price.
Bingaman warns about future natural gas price increases impacting consumers.
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We fully support Chairman Bingaman's caution that any temporary storage facility must not become a permanent one.
We ought to be encouraging that. That should not be something that we just do for 3 years or 5 years.
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