The main objective of deregulation of natural gas is to discuss the key points nearby the deregulation of the natural gas industry. How the industry performed during a period of regulation and what transpired forcing a transform to deregulate them.
Deregulation is the de-emphasis of governmental oversight of actions in the private sector. It was known that regulation is where the government controls convinced aspects of the private sector, led to a monopolistic state amongst businesses and it was no longer viewed as productive with the modern growth of the economy. Combine this economic growth with rising oil prices, a growing dependency on natural gas, and technological advancements within the trade, and it becomes apparent why deregulation was in need to move in the late 1970s.