Natural Gas Abundance No Longer A Positive

Originally posted on CBS Dallas / Fort Worth:

NORTH TEXAS (CBSDFW.COM) – We may have too much of a good thing when it comes to natural gas.

Texas produced a billion and a half dollars worth of natural gas in September. And while that sounds like a lot, it’s down 40 percent from the year before.

And natural gas prices keep falling.  In fact, the price has been sinking for a few years.

Texas Energy economist Karr Ingham says the focus here has shifted from natural gas to crude oil.

KRLD’s Barbara Schwarz Reports:

Ingham says natural gas is plentiful and can be used in many ways, but part of the problem is Texas has built up too much inventory over the years, leading to the price decline.

A weak economy that hit the state and country also hasn’t allowed us to use up the reserves.  As a result there are fewer rigs drilling for natural gas.   Meanwhile…

View original 46 more words

About these ads

About macnmat

Foundation Engineers. Energy. Utility. Power Plants. Generators. Foundation & Piling Equipment & Tools.
This entry was posted in macnmat. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s