Saturday, October 9, 2010

FT.com / Commodities - US to take on rivals in natural gas

Mr. Miller would urge a healthy dose of skepticism on the US becoming a major exporter of Natural Gas. Within the last ten (10) years, the US has gone from abundant natural gas supply projections (i.e. dash to Natural Gas of late 1990's), to massive projected shortfalls of natural gas (i.e. development and construction of multiple LNG import terminals) and now back to projections of massive supplies of natural gas for the domestic and export market. Mr. Miller projects substantial environmental taxes will be levied on the "gas fracking" market, as well as the unknown production decline curve variables associated with shale gas wells. Don't get too excited, this will be a long process.FT.com / Commodities - US to take on rivals in natural gas

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