So what happens to home heating costs for those of us who heat with gas?
Your costs to heat your home go up.
The new shale plays have more than adequate amounts of gas to keep nat gas prices stable in the $5-6 price range they are currently at.
The author misses the point on nat gas for vehicles. IF the diesel component is an issue, then mandate manufacturers produce x% diesel cars. That will ensure we use the diesel we refine. Clean diesel is much more efficient than gas and Audi and BMW have led the way in producing cars and suv’s which use diesel.
As for infrastructure, we should phase in the nat gas usage, concentrating first on fleet vehicles like buses. If all the buses in the US were converted to nat gas, you would save huge amounts of oil imports and would need to provide only a limited number of fueling stations.
The answer is much easier than trying to build plug in electrics which would crash our power grid, and for which huge new electrical generating capacity would be needed.
The answer varies from market to market, depending on local supply and local demand. My hunch is that when a large new user pops into a market (e.g., a new gas-fired powerplant), the price stays flat or increases slightly.
It will skyrocket due to the 0bama Greenie Policy of don't drill, don't dig coal, don't research nuclear.
The Petro Chemical industry gobbles up vast amounts of oil to use in their products.
Check any large oil company, national or international, for a division called Natural Gas Liquids also known in the oil industry as NGL for uses of natural gas and similar oil products.