America's Shale Gas Bounty Is Heading Overseas at a Record Clip
America's natural gas is flowing out of the country at a record pace, helping to ease a supply glut at home while tumbling prices for the fuel entice overseas buyers.
America's natural gas is flowing out of the country at a record pace, helping to ease a supply glut at home while tumbling prices for the fuel entice overseas buyers.
Although the figure is equivalent only to the output of a mid-sized field, it sends a powerful signal about the United States' decreasing need for imports as its own production reaches new highs.
For most of the past year, the biggest story in energy in the Appalachian Basin has been the advent of the Shell ethane cracker plant, which is now under construction in Beaver County.
Think about energy. It's all around us - in fuels and products that make life better, more comfortable. This American Petroleum Institute document breaks it down into 15 different topics.
Although the S&P 500 Index was already up for the week, despite losses in the energy sector, a bounce in crude oil and natural gas at the end of the week helped the broad market index hit a new record high.
... more than one-third of America's electricity comes from natural gas; half of American homes use it for cooking, heating water and drying clothes; tens of billions of dollars' worth of goods are made from it, and hundreds of thousands of vehicles use it as a fuel.
A new study shows: "By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and create more than 1 million jobs"
A series that takes a look at what might have happened in the past - or could happen in the future - if certain energy-related ideas and policy prescriptions put forth by prominent politicians and their supporters were actually adopted.
"We will conduct a thorough review of the Outer Continental Shelf for oil and gas exploration, and listen to state and local stakeholders. We also will conduct a thorough review of regulations that were created with good intentions but have had harmful impacts on America's energy security,"
The natural gas surplus generated by the shale revolution has led to several benefits, including lower wellhead prices, reduced imports and rising inventories of natural gas storage. In addition, the cost of drilling new shale wells has dramatically declined. This means that fewer rigs are being employed, but new wells are more productive and cost-efficient.