Due to the growth in natural gas production from shale gas, the
United States is benefiting from some of the lowest prices for
natural gas in the world and faces the question of how to best use
this resource. Different segments of the U.S. economy have
different perspectives on the role natural gas can play. Suppliers,
which have become the victims of their own production success, are
facing low prices that are forecast to remain low. Some companies
that have traditionally produced only natural gas have even turned
their attention to oil in order to improve their financial
situation. Smaller companies are having a difficult time continuing
operations and larger companies, have bought into many shale gas
assets. Prices have remained low even as consumption has increased,
in part, because producers have raised production to meet the
demand and because companies have improved efficiency and
extraction techniques. This book examines what has changed in the
natural gas industry and focuses on the demand side and ancillary
benefits to the U.S. economy.
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