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Emissions were lower than previously anticipated due to low natural gas prices prompting a conversion to the lower-emitting fuel, and to a lesser degree energy conservation and the Great Recession.
June 10: Federal Reserve Chairman Alan Greenspan notes that rising natural gas prices in the United States could have a negative impact on the economy in the months ahead if prices remain at high levels.
Subsequently, when Hurricane Katrina and Rita caused major natural gas pipelines to shut down for a short period, natural gas prices skyrocketed.
Natural gas prices have risen 500% and petrol and diesel prices have almost doubled, according to The Guardian.