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Testifying before the Joint Economic Committee of the US Congress, Cambridge Energy Research Associates' (CERA) Dr. Daniel Yergin, said “The US is facing a critical five-year period in which, unless new steps are taken by consumers, industry and government, there is significantly increased risk of higher, more volatile natural gas and electric power prices, job losses, demand destruction and industry relocations.” Some key points from Yergin's presentation are noted here.

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