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<br />to be equivalent on an MBtu basis to crude petroleum prices. These same <br />assumptions were the bases for the high and low band projections. <br />The projected natural gas prices are shown in Table 3-3. As with <br />coal and crude petroleum, other recent natural gas price projections are <br />also presented. Appendix C briefly discusses the limitations associated <br />with comparing any of these projections. <br /> <br />TABLE 3-3. PROJECTED REGIONAL NATURAL GAS PRICES <br />(AT WELLHEAD) AND OTHER RECENT PRICE PROJECTIONS <br />(1977 Dollars Per MBtu) <br /> <br /> <br /> Year <br />Projection 1980 1985 1990 2000 2020 <br />High Plains Study <br />High 1.32 3.24 5.16 5.36 5.82 <br />Expected 1.20 2.75 4.30 4.47 4.85 <br />Low 1.20 2.50 3.80 3.80 3.80 <br />Other* <br />DOE 2.02 2.23 <br />SHCA 1.93 2.97 4.24 4.24 <br />SRI 2.69 2.81 2.78 2.52 <br />FAI 2.48 2.47 3.53 <br />NWC 2.29 2.70 3.52 3.71 <br />*See Appendix C for discussion of other projections and bibliographical <br />information. <br /> <br />3.4 REFERENCES <br /> <br />1. Commerce Clearing House, Inc., Energy Management, March 4, <br />1980, p. 4. <br /> <br />2. Energy Information Administration, Weekly Petroleum Status <br />Report, DOE/EIA-0208(80-10), March 7, 1980. <br /> <br />3-8 <br />