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One of the most significant economic and geopolitical developments of the past decade has been the discovery of large quantities of recoverable natural gas in the United States. Its attractiveness from an environmental perspective and its declining relative price have made natural gas the fuel of choice for many industrial applications, including for new electric generating plants with a 50-year life expectancy. Future decisions concerning the appropriate regulation of natural gas must take into account its unique advantages as a fuel, the problems presented by its method of production and the location of newly discovered supplies in populated areas (e.g., Pennsylvania and New York).

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