Too bad we burn it to generate electricity when we have plenty of lignite to burn but won’t.
Their analysis does not discuss the impact of the Trump administration’s reducing (or eliminating) price supports for “green” energy projects. NG is needed to provide backup power to wind and solar, but if wind and solar cease being economic, then NG will have to take up the power generation shortfall. That would last a decade or more until new nuclear plants come on line.
Doubtful. The industry will just pick up rigs. We will have a surplus of natural gas for decades. Oil, on the other hand….
Like every other gas price spike, I pray this is not just another bubble that will last a month or two and then go away. South Texas has been depressed since the early 80’s when gas went from $5.00 mcf to less than $2.00.
There are vast numbers of gas prospects that have never been drilled because prices wouldn’t support it. Small towns built on drilling, production and oilfield services have dried up and are now ghost towns.
If a bull market in gas materializes, it will be an answer to many prayers.
My mineral rights checks from gas wells have quadrupled and the future looks so good I’ve got to wear shades. Sitting on some Chevron and have held ET (7% dividend) for 5 years now. Go gas.