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FBaggins

(26,731 posts)
Wed Jun 11, 2014, 11:28 AM Jun 2014

U.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 Administration’s Short-Term Energy Outlook. The production estimate was raised from 72.26 billion in last month’s 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
Bet my gas bill doesn't go down. sinkingfeeling Jun 2014 #1
Probably not... in fact it will eventually go up. FBaggins Jun 2014 #2
Poisoned wells will probably reach a high this year, too. nt valerief Jun 2014 #3
Probably so. FBaggins Jun 2014 #4

FBaggins

(26,731 posts)
2. Probably not... in fact it will eventually go up.
Wed Jun 11, 2014, 11:56 AM
Jun 2014

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.

FBaggins

(26,731 posts)
4. Probably so.
Wed Jun 11, 2014, 01:37 PM
Jun 2014

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.

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