Similar prophecies have proved wrong before and doubters point out that electricity bills for American factories will rise if the U.S. starts selling
its growing supply of natural gas abroad and lifts current curbs on gasoline exports.
Not exact matches
But the biggest deals focus on
gas supply and infrastructure to Pakistan, one
of the world's fastest
growing liquefied
natural gas (LNG) import markets.
Oil up a second session as potential for U.S. withdrawal from Iran nuclear pact
grows Natural -
gas prices settle at a 2 - week lowOil finishes higher Thursday, as traders worried that a potential U.S. withdrawal from the Iran nuclear agreement and the International Monetary Fund's threat to expel Venezuela from the international coalition
of nations will lead to tighter global crude
supplies.
The United States will continue to
grow as an important
supplier of natural gas, projected to increase to 5.3 trillion cubic feet as unconventional
gas plays such as the Marcellus Shale account for more than 50 percent
of U.S. production by 2030, EIA said.
As fertilizer demand
grows,
supply is ramping up to meet it, and the U.S. is poised to capture most
of that growth — in no small part because
of rapid expansion
of the nation's
natural gas sector over the past four years.
In recent years, expanded
supply of low cost
natural gas, increased energy efficiency,
growing market penetration
of renewable electricity sources, and substantial reserve margins have contributed to low prices reflecting low marginal costs in wholesale energy and capacity markets.
Natural gas is the fastest -
growing fossil fuel, as global
supplies of tight
gas, shale
gas, and coalbed methane increase.
Oil prices will continue to drop, fossil fuels will continue to
supply more than three - quarters
of world energy use in 2040, and
natural gas is expected to
grow the fastest impacting on economies, companies, communities, and individuals.
Renewable energy and nuclear contribute almost 40 percent
of incremental energy
supply, while
natural gas grows the most, reaching 25 percent
of total demand.
While there is widespread agreement that the physical market factors
of supply and demand are primary contributors to
natural gas prices and volatility, there also is
growing interest and concern about the influence financial market factors, particularly commodity speculation, have on
natural gas prices and volatility.
In fact, he says, the oil sands, combined with Alberta's
growing mania for extracting
natural gas from coal seams by injecting toxic chemicals into the ground — thereby poisoning some
of the dwindling
supply of drinking water — threaten to create a parched, deforested, polluted wasteland.