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Seen as a cleaner alternative to coal and oil, natural gas is gaining traction across the United States. New horizontal drilling techniques have allowed companies to tap various shale formations, creating new sources of supplies. Utilities have begun using the fuel in spades, and Congress has proposed a new bill allowing for tax breaks on CNG-fueled cars. Receiving praise from both politicians and market pundits, and with the International Energy Agency calling for a "golden age of gas", natural gas will certainly grow as America's preferred fuel over time.

 

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Analysts are Bullish On the Global Market for Natural Gas
The ICF study projects that natural gas consumption in the United States and Canada will increase by an average 1.6% per year through 2035. However, analysts are bullish on the global market for natural gas. The International Energy Agency (IEA) estimates that global consumption of natural gas will rise by more than 50% over the next 25 years. The United States' vast supplies could also be a major source of exports via liquefied natural gas (LNG).

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