The Natural Gas Boom in the US

By on May 13, 2013. Posted in , , . Tagged as , .

photo courtesy of Mack Trucks, Inc.

The Natural Gas Boom in the US

Research published in the Wall Street Journal indicates that the production of natural gas in the United States will continue to increase in speed over the course of the next thirty years.

Study leader Scott Tinker of the University of Texas says that the country is to expect ‘multi, multi decades of growth.’

According to the American Petroleum Institute, this news confirms that the US possesses substantial and increasing gas resources that are capable of supplying domestic markets and providing exports throughout the years to come.

Tinker’s study has been praised for its thoroughness by Scott Anderson, who is the Environmental Defense Fund’s senior policy adviser, indicating that it is realistic as opposed to optimistic in its claims. Anderson has stated that in light of the research, large quantities of gas can be expected to be available for a lengthy period of time.

Some Impressive Facts and Figures

 Thanks to new drilling techniques, the Energy Information Administration now estimates that two thousand two hundred trillion cubic feet of obtainable gas are present in the country’s rock formations. The EIA claims that this is one hundred years’ worth of gas.

Information cited by the CNBC business news channel indicates that there are currently sixty-four years worth of proven gas reserves available and that more are likely to be found. The nation’s production of natural gas has already surged thirty percent since 2006, with hundreds of employment opportunities being created and the US economy being strengthened considerably.

According to a report published by the American Enterprise Institute earlier this year, the amount of gas that is obtained per natural gas rig in the United States has more than quadrupled over the course of the last five years. The AEI also claims that technological advances occur on a daily basis that affect the gas industry, meaning that predictions about how much gas can be produced tend to be understated.

Perfect Investment Opportunity

The fact that natural gas is such a profitable commodity coupled with the projections that the industry will continue to go from strength to strength means that the companies that produce this commodity represent the perfect investment opportunity. There is no sign of the rate at which natural gas is produced dying down and all the research that has been conducted indicates that it will be a moneymaker for decades to come. The tremendous boost to the nation’s economy that it is creating will aid the USA financially and decrease the extent to which the country needs foreign sources of gas, making the United States more powerful and less reliable on external energy supplies.

The gas boom is beneficial to everybody; it has created a chance for investors to reap substantial profits, boosted jobs and had a positive impact upon the nation’s global and financial status. If the predictions that have been made prove to be accurate then it is looking as if the future might be bright with regards to the production of this precious resource.

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