Written by Michael Vrtis, President of Realgy Energy Services in response to the CNBC article “Natural Gas Could Be Bigger Than the Internet, Welch Says”
I greatly admire Mr. Welch, having worked for him at one time. I read his article with interest and thought his statements invited comment.
Natural gas availability has been plentiful and the availability of more domestic supply calls for long term planning considerations.
In planning for the long term, consider just the following two facts:
The United States already has a more than $2.00 advantage per dekatherm (MCF) over the rest of the world. The US average cost of natural gas is about $4.00 and the remainder of the world is over $6.00.
The amount of gas discovered and presently available has occurred with a method of recovery (hydraulic fracturing or fracking) that has been exempt from most of the Federal environmental regulations…
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