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Related: About this forumU.S. natural gas output will set a record this year
Note - this is only a handful of years after we were preparing for significant LNG imports because US production was thought by some to be well beyond the peak.
U.S. natural gas output will reach 73 billion cubic feet a day for the first time this year as new pipelines tap into shale supplies stranded in the Marcellus formation in the Northeast, a government report said Tuesday.
Marketed gas output in the lower 48 states will increase 4 percent from 2013, setting a record for the fourth straight year, according to the U.S. Energy Information Administrations Short-Term Energy Outlook. The production estimate was raised from 72.26 billion in last months report as several new projects to support Marcellus production have either recently come on line or will begin operations later this year, the government said.
The agency left its 2014 price outlook unchanged at $4.74 per million British thermal units as the gains in shale output are partly offset by increased gas use.
http://www.kansascity.com/news/business/article519676/U.S.-natural-gas-output-will-set-a-record-this-year.html
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U.S. natural gas output will set a record this year (Original Post)
FBaggins
Jun 2014
OP
sinkingfeeling
(51,448 posts)1. Bet my gas bill doesn't go down.
FBaggins
(26,731 posts)2. Probably not... in fact it will eventually go up.
Demand is still shifting toward gas and that will only go up as they begin to export it to parts of the world that pay MUCH more for gas than we do.
valerief
(53,235 posts)3. Poisoned wells will probably reach a high this year, too. nt
FBaggins
(26,731 posts)4. Probably so.
That's really a possibility with all kinds of oil/gas drilling.
If it causes people to be more likely to pay attention to the environmental impacts of their consumption than if that oil/gas was being imported (and harming someone else's local environment while helping their economy instead)... then it could be a good thing.