US gas boom slashes gas prices

US gas boom slashes gas prices
Washington DC (SPX) Mar 23, 2015 - The recent shale gas boom ("fracking") in the United States has been beneficial to the economy, dropping natural gas prices 47 percent compared to what the price would have been prior to the fracking revolution in 2013, and has improved the economic well-being of consumers $74 billion per year, according to a new paper presented at the Spring 2015 Conference on the Brookings Papers on Economic A ... morehttp://www.oilgasdaily.com/reports/US_Fracking_Boom_Responsible_for_47_Percent_Gas_Price_Drop_Compared_to_What_Prices_Would_Have_Been_999.html