"The jump will come as the costs of unlocking the dense formations decline and demand for clean-burning natural gas rises over time, analysts with U.K.-based consultant Wood Mackenzie said said in a briefing with reporters.

But natural gas prices could remain low during the next few years as a spate of new coal-fired electricity plants open, reducing the overall amount of the fuel needed in the U.S. for power generation.

Once the plants are completed, however, natural gas demand could rise sharply as older coal-fired plants are retired and government policies show a greater preference for cleaner energy sources, said Jen Snyder, a North American gas analyst with Wood Mackenzie.

Prices could even spike to $10 per million British Thermal Units in the 2013-2014 timeframe as producers struggle to keep up, before falling back to the $6.50 range after that period, she said."

http://www.chron.com/disp/story.mpl/business/energy/6733061.html

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42

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