Shale gas supply expected to keep US prices low in 2011
The United States - using technology - has found years and years of natural gas supplies. We are even exporting it! HOUSTON, Dec. 3 -- While another year of price distress awaits US producers of natural gas from shale reservoirs, technology has lowered breakeven thresholds of important plays, speakers said at an industry conference in Houston. Beyond next year, said Dan Pickering, copresident of Tudor, Pickering, Holt & Co. LLC, $4/Mcf gas is unsustainable. In the long term, he explained, a commodity’s
Natural gas is cheap now relative oil. Many believe that it is "inevitable" that natural gas will replace oil. Not so fast though. Natural gas is cheaper than oil for a good reason - exploration companies are finding and producing at record rate. And natural gas must compete with coal which still is the cheapest source of fuel to generate electricity. Here's a nice piece to explain the logical progression of natural gas. A barrel of oil contains 5.8
BERK: What should we say about opposition to producing domestic natural gas on land? Nothing, nothing in this world is without risks, but C'mon stop screaming foreign oil dependence and dirty coal killing the planet if you oppose feasible policies that meet both criteria. The extraction of shale natural gas is set to become a major growth industry in the United States. Recently, Amy Myers Jaffa wrote in the Wall Street Journal that natural gas could
Finally, the push is on to open the floodgates of US natural gas production enabled by technology breakthroughs - that's the American Way. Only the US government and the unelected eggheads at the EPA could stop our March toward higher employment, energy security and lower emissions. Below CEO of HAL Lesar talks about the phasing out of hydrocarbons and natural gas opportunity: I just don't believe that story," Lesar said. "The reality is we simply are not
By MARK J. PERRY Posted 02/19/2010 06:30 PM ET View Enlarged Image A new technique being used to drill through a type of rock known as shale has led to a surge in domestic natural gas production over the last three years and enabled the United States to overtake Russia recently as the
Gas Extraction Method Could Greatly Increase Global Supplies - NYTimes.comShared via AddThis Engineers in the private sector working for small entrepreneurial natural gas exploration companies with strong wealth incentives and risk capital responding to prices have expanded worldwide probable natural gas reserves using new technologies to extract natural gas from methane beds and shale. The free market has given hope that Europe could be freed from Russia's natural gas tyranny. Please note that this all happened as the natural gas industry was
