SOURCE: Industrial Info Resources

Industrial Info Resources

February 16, 2011 05:40 ET

Analyst: 'Dash to Gas' Will Continue, but New Supply May Push Down Gas Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 16, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- John Harpole, the president of Mercator Energy (Littleton, Colorado), prefaced his comments at a natural gas conference last week by saying, "I'm a gas guy who doesn't believe in global warming." He then proceeded to detail why gas will continue to be the fuel of choice for new electric power generation.

"Mercury is the Achilles' heel of coal," Harpole told the conference, which was sponsored by EUCI (Greenwood Village, Colorado), an energy-events company. "We can disagree about greenhouse gas emissions, but none of us would want to eat fish with mercury in it." He noted that the U.S. Environmental Protection Agency (EPA) (Washington, D.C.) is scheduled to release its long-awaited new rule on mercury emissions from power plants next month. Most energy analysts expect that the rule will severely limit power-plant emissions of mercury.

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