First, note that concerns still exist about natural gas supplies in North America. The Gulf of Mexico, one of the largest suppliers of natural gas to the U.S., has seen some incredible declines in production over the last few years.
"A continuation of this trend will keep U.S. natural gas production in a decline mode for the foreseeable future," King said, as "reserve sizes are smaller, decline rates are higher - it's a case of the treadmill running faster."
