Description

Book Synopsis
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.

Natural Gas in the United States: Status &

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    A Hardback by Hector T Murano

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      Book details

      Publisher Nova Science Publishers Inc
      Published 10 April 2013
      ISBN-13 9781624177613
      978-1624177613
      ISBN-10 1624177611
      Also in:
      Technology, Engineering & Agriculture Energy technology and engineering

      Description

      Book Synopsis
      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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