After one year of this dimwitted communist tyrant, I have a problem with unnatural gas...
Biden has little or nothing to do with the high natural gas prices. The Marcellus utica gas reserves have enough gas for our country for 800 years. 3rd largest reserves in the entire world.
Record gas production under Biden. Then why is the price so high?
Read the forbes article why prices have skyrocketed. I am NOT giving biden a pass or praising him.
As I said above 1. Opec has cut back drastically, 2. wall street speculation (Much of the price increase) 3. Two really cold winters and 4.Europe and Asia and other countries have literally run out and have driven up the price.
It is a tragedy of events all hitting at one time.
31.9 billion cubic feet per day
1 that production in the Marcellus and Utica shales averaged 31.9 billion cubic feet per day during the first half of the year. That’s the highest average for a six-month period since production began in 2008.Sep 1, 2021
Appalachian shale gas production hits record high this year
The loss of jobs was over 70,000 in the USA and a similar amount in Canada. The oil pipeline jobs plus all the auxiliary jobs from motels to restaurants to all the stores that supplied the oil field workers.