Well, between this and all the new and upcoming NG fired power plants how long will it take for our home heating costs to go up 50-100%. Everybody has for years said we have a virtual unlimited supply of NG and that is just not the case.
Being an “awl” man from Texas I can appreciate the fact slightly higher prices are needed for NG drilling to continue but I fear the demand will outstrip the short term capacity to replace inventories.
http://www.eia.gov/tools/faqs/faq.cfm?id=58&t=8
An acquaintance who works for AGL says the projected supply is more like 250 years.