Porter Bennett, President and CEO, and Jozef Lieskosvky, Director of Research, both of BENTEK Energy LLC, will discuss supply, demand, and transportation issues as part of the MITEI Natural Gas Speaker Series. Abstract: US natural gas production is soaring. Since October 2008, drilling activity has fallen by approximately 50%, yet production continues to climb, contradicting the behavior projected by many industry models. Advances in technology explain some of the variance as producers unlock unconventional resources at an unprecedented rate, shifting the relative importance of the nation's gas producing basins. Meanwhile, total demand has fallen despite a 70% decline in prices over the past year. The result: natural gas inventories are reaching unprecedented levels. Two futures are possible for the industry: one is a repeat of past boom and bust cycles; the second is one of sustainable growth whereby natural gas becomes the central fuel as the nation moves toward energy security and a low carbon emission environment. This presentation will examine how supply, demand and transportation interact to shape the US natural gas market and how the market is being transformed by technological advances. BENTEK's unique analysis of natural gas flow patterns along with current drilling and production data will be used to explain recent price trends, how prices will behave in the years ahead and what the market says about how the industry may evolve.