Gas Glut: Looking at the Options Available to U.S. Natural Gas
With
global warming driving down the demand for natural gas as a home
heating fuel and natural gas drillers producing record amounts, an
oversupply situation has developed quickly. Stocks of natural gas are
rising. As a result natural gas prices have fallen way below
profitability and drillers are scrambling to cut back production.The
natural gas surplus that is in our underground storage facilities may be
full before fall, forcing producers to slow production until a market
for the gas can be found. There are only so many things we can do with…Read more...
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