October Natural Gas Production Sets Another New All-Time Record

[pampango]

http://mjperry.blogspot.com/2011/01/october-natural-gas-production-sets-new.html



According to data from the EIA, more natural gas produced was produced in October - 2,330,551 million cubic feet - than in any previous month in U.S. history (see chart above).

As John Tierney reported recently in the New York Times:

"The really good news is the discovery of vast quantities of natural gas. It’s now selling for less than half of what it was five years ago. There’s so much available that the Energy Department is predicting low prices for gas and electricity for the next quarter-century."

As Amy Myers Jaffe wrote in the Wall Street Journal:

"We've always known the potential of shale; we just didn't have the technology to get to it at a low enough cost. Now new techniques have driven down the price tag—and set the stage for shale gas to become what will be the game-changing resource of the decade.

I have been studying the energy markets for 30 years, and I am convinced that shale gas will revolutionize the industry—and change the world—in the coming decades. It will prevent the rise of any new cartels. It will alter geopolitics. And it will slow the transition to renewable energy."

Natural gas is quite green, but is shale gas?

[social_critic]

1. Shale gas is green

Why wouldn't it be? Don't tell me you're falling for the bs about fracturing fluids. This is more of a made up issue. People in NY state had better get real, they're sitting on the Saudi Arabia of gas, and they're not producing it because they are behaving like little children.