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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
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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.
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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).
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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!
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91Explorer
Champion Author Dallas

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

what a positive change!
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SparkieMi
Champion Author Kalamazoo

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

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

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

Seems too good to be true.
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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.
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jcpatriots
Champion Author Massachusetts

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

Good.
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HEBster
Champion Author Kentucky

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

Time'll tell
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RichWLIN
Champion Author Indiana

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

Sure hope so.
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joel27nc
Champion Author Raleigh

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

We'll see.
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Ray_10589
Champion Author New York

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

Hope so ...
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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!
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yakstar
Champion Author Montreal

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

get 'r done!
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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.
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Blue48
Champion Author Illinois

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

WE SHALL SEE!
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sydb7
Champion Author Atlanta

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

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

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

Not with our current president.
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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?
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VernonOR
Champion Author Oregon

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

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

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

ok
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farn1958
All-Star Author Twin Cities

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

ok.
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gmcgas
Champion Author Atlanta

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

we'll see.
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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
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SpankyMI
Champion Author Kalamazoo

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

Good deal.
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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.
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NemoIL
Champion Author Illinois

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

Good news.
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skyking19
Champion Author Little Rock

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

Time will tell.
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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.
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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
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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!
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bvrbill
Champion Author Eugene

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

We will see...
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NashGas
Champion Author Nashville

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

Texas Tea
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jdc17327
Champion Author Pennsylvania

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

OKAY I GUESS
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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]
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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.
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ericbcire
Champion Author Nevada

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

Time will tell.
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toadNY
Champion Author Albany

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

Not under obamas watch.
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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.....
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tdmedan
All-Star Author Colorado

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

oh
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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.
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phinsup67
Champion Author North Carolina

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

Ok
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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!!!!!
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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
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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.
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VanIsleLes
All-Star Author British Columbia

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

Good
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hammer219115
Veteran Author Pennsylvania

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

Nice!
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mobil1MN
All-Star Author Minnesota

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

ok
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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...
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nwsynthetics
Champion Author Oregon

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Message Posted: Aug 15, 2012 8:53:30 PM

ok
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