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GasBuddy News Article

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The U.S. Natural-Gas Boom Will Transform the World

The Wall Street Journal -- Two summers ago, natural gas cost $4.50 per thousand cubic feet, which was less than half what it had cost two summers earlier. Today the price is under $2.50, as unconventional natural gas production has increased to 20% of domestic supply from 5% in 2008, with 40% anticipated by 2020.

Meanwhile, North Dakota's Bakken/Three Rivers field produces 600,000 barrels a day of unconventional oil—up from 250,000 barrels in 2010 and less than half that in 2008—making that state the second-largest U.S. oil producer. With such changes happening so fast, it's timely to consider their implications.

A United States hopelessly dependent on imported oil and natural gas is a thing of the past. Most energy experts now project that North America will have the capacity to be a net exporter of oil and


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Submitted Aug 15, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The U.S. Natural-Gas Boom Will Transform the World Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Aug 18, 2012 7:01:53 AM

LM1: can you explain your logic? Btw, the US exports not oil, but refined products, such as gasoline.
honda0105
Champion Author Tallahassee

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Message Posted: Aug 18, 2012 6:59:23 AM

LEC: proves the point that some folks make here: ppl don't read past the headline (or just read the top one or two comments that others made).
LetemEatCake
Champion Author Oklahoma City

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Message Posted: Aug 16, 2012 11:13:21 PM


Are some poster crazy? Complaining about the cost of NG? Maybe they didn't read the article.....LOL!
91Explorer
All-Star Author Dallas

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Message Posted: Aug 16, 2012 8:18:10 AM

what a positive change!
SparkieMi
Champion Author Kalamazoo

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Message Posted: Aug 15, 2012 11:27:22 PM

Is this DOUBLE TALK????
TBONE3
Champion Author Pennsylvania

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Message Posted: Aug 15, 2012 11:18:35 PM

Seems too good to be true.
LanguageMan1
Champion Author Tampa

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Message Posted: Aug 15, 2012 11:09:47 PM

"A United States hopelessly dependent on imported oil and natural gas is a thing of the past."

What a crock that is! We're shipping out more oil and that makes us more dependent on imported oil once again. I hate those liars.
jcpatriots
Champion Author Massachusetts

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Message Posted: Aug 15, 2012 11:09:03 PM

Good.
HEBster
Champion Author Kentucky

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Message Posted: Aug 15, 2012 11:07:50 PM

Time'll tell
RichWLIN
Champion Author Indiana

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Message Posted: Aug 15, 2012 11:07:26 PM

Sure hope so.
joel27nc
Champion Author Raleigh

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Message Posted: Aug 15, 2012 11:06:40 PM

We'll see.
Ray_10589
Champion Author New York

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Message Posted: Aug 15, 2012 11:06:26 PM

Hope so ...
Jeff1944
Champion Author South Dakota

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Message Posted: Aug 15, 2012 11:06:24 PM

As in 2005-2006, natural gas was out of sight above $8.00. It is called supply and demand!
yakstar
Champion Author Montreal

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Message Posted: Aug 15, 2012 11:06:23 PM

get 'r done!
SammyAdams
Champion Author Tallahassee

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Message Posted: Aug 15, 2012 10:47:55 PM

One of the surest ways to lower the cost of gasoline products (as well as other consumer goods) would be to:

1) Abolish the Federal Reserve,
2) End the EPA,
3) Run our government as outlined in the Constitution.
Blue48
Champion Author Illinois

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Message Posted: Aug 15, 2012 10:44:45 PM

WE SHALL SEE!
sydb7
Champion Author Atlanta

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Message Posted: Aug 15, 2012 10:28:59 PM

Why are my gas bills still high??
PoohMcGoo
Champion Author Alabama

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Message Posted: Aug 15, 2012 9:55:27 PM

Not with our current president.
DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Aug 15, 2012 9:44:49 PM

Why hasn't more been done to use more natural gas?
VernonOR
Champion Author Oregon

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Message Posted: Aug 15, 2012 9:41:26 PM

So why is my bill so high?
moco0697
Rookie Author Nevada

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Message Posted: Aug 15, 2012 9:33:10 PM

ok
farn1958
All-Star Author Twin Cities

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Message Posted: Aug 15, 2012 9:29:44 PM

ok.
gmcgas
Champion Author Atlanta

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Message Posted: Aug 15, 2012 9:28:30 PM

we'll see.
Asbury09
Champion Author Iowa

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Message Posted: Aug 15, 2012 9:23:51 PM

we need to take steps to keep our resources
SpankyMI
Champion Author Kalamazoo

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Message Posted: Aug 15, 2012 9:23:34 PM

Good deal.
RAE344
Champion Author Virginia Beach

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Message Posted: Aug 15, 2012 9:22:26 PM

The boom will transform this country more then the world. The middle east will be forgotten again.
NemoIL
Champion Author Illinois

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Message Posted: Aug 15, 2012 9:19:39 PM

Good news.
skyking19
Champion Author Little Rock

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Message Posted: Aug 15, 2012 9:17:06 PM

Time will tell.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 15, 2012 9:16:06 PM

I hate reading an article that you have to subscribe to, to continue reading.
Mr.Dirt
Champion Author Albany

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Message Posted: Aug 15, 2012 9:15:53 PM

why is the price so high then
jetlagAK
Champion Author Anchorage

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Message Posted: Aug 15, 2012 9:13:19 PM

Progress in spite of the o-team.
No more hype and chains!
bvrbill
Champion Author Eugene

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Message Posted: Aug 15, 2012 9:13:16 PM

We will see...
NashGas
Champion Author Nashville

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Message Posted: Aug 15, 2012 9:11:53 PM

Texas Tea
jdc17327
Champion Author Pennsylvania

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Message Posted: Aug 15, 2012 9:11:40 PM

OKAY I GUESS
MacDad614
Champion Author Atlanta

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Message Posted: Aug 15, 2012 9:11:35 PM

And natural gas prices are on their way up as GREED strikes that industry.

–––––––––
Evidently, the OP has a subscription to WSJ, ezone in Florida. The rest of your comment shows your ignorance.

[Edited by: MacDad614 at 8/15/2012 10:15:17 PM EST]
TxMtb
Champion Author Ohio

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Message Posted: Aug 15, 2012 9:10:22 PM

They will find a way to knock them down.
ericbcire
Champion Author Nevada

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Message Posted: Aug 15, 2012 9:09:15 PM

Time will tell.
toadNY
Champion Author Albany

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Message Posted: Aug 15, 2012 9:08:26 PM

Not under obamas watch.
Jeeputtputt
Champion Author Ohio

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Message Posted: Aug 15, 2012 9:08:10 PM

The wife says my natural gas has increased also (age?),but I can't get a dime for it.....
tdmedan
All-Star Author Colorado

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Message Posted: Aug 15, 2012 9:07:12 PM

oh
suzmar
Champion Author Texas

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Message Posted: Aug 15, 2012 9:03:00 PM

This article is talking about natural gas, prices are not too high for gas as opposed to gasoline. Some readers seem to confuse the two, they are not interchangeable.
phinsup67
Champion Author North Carolina

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Message Posted: Aug 15, 2012 9:02:35 PM

Ok
5kvdave
All-Star Author Los Angeles

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Message Posted: Aug 15, 2012 9:01:49 PM

THE RICHEST EXPORTER W/ THE MOST EXPENSIVE PRODUCT PASSED ON TO YOU & ME!!!!!
DavoIL
All-Star Author Chicago

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Message Posted: Aug 15, 2012 9:01:34 PM

but prices will never go down much
ezone
Champion Author Florida

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Message Posted: Aug 15, 2012 9:01:07 PM

Don't know where the rest of the article is. Not to worry. We will continue to import oil at least until a few years after Obozo is just an unpleasant memory.
VanIsleLes
All-Star Author British Columbia

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Message Posted: Aug 15, 2012 8:59:43 PM

Good
hammer219115
Veteran Author Pennsylvania

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Message Posted: Aug 15, 2012 8:58:01 PM

Nice!
mobil1MN
All-Star Author Minnesota

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Message Posted: Aug 15, 2012 8:56:50 PM

ok
ricebike
Champion Author New Jersey

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Message Posted: Aug 15, 2012 8:56:20 PM

and yet gas prices are still too high...
nwsynthetics
Champion Author Oregon

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Joined:Dec 2011
Message Posted: Aug 15, 2012 8:53:30 PM

ok
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