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Natural gas is crushing wind and solar power — Why isn't anyone talking about it?


Geee

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The U.S. Energy Information Administration just announced some spectacular news that should be banner headlines across the country: The price of natural gas has fallen to its lowest February level in 20 years. The data shows that natural gas prices fell to $1.77 per million British thermal units. In inflation-adjusted terms, the price of gas has plunged by some 80 percent since its high of $13.60 12 years ago. The price is down 90 percent since 2005, when prices hit nearly $20. (Quick: Can you think of anything else that now costs one-tenth of what it did 15 years ago?)

The Energy Information Administration also reports that U.S. natural gas production has hit an all-time high this year.

The shale oil and gas revolution keeps rolling on -- but no one is talking about it. This boom in production has affected the economy of every state, from Ohio and Pennsylvania to Texas, Oklahoma, Colorado and the Dakotas. By the way, oil prices have also fallen considerably, bringing gas prices at the pump to nearly $2 a gallon in some states. Prices are so low now that the drillers aren't making any money and are starting to shut down wells. They are victims of their own success.:snip:

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Natural gas is crushing wind and solar power — Why isn't anyone talking about it?

@Geee

 

Gosh, I can't imagine why. Its a Mystery! :rolleyes:

 

Something a read a while ago, Shale Oil is found in some of the poorest/least developed parts of the country. 

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