Gluts and low prices: nothing new
Taxpayer drain in the guise of national energy policy: Nat Gas Act
By Institute for Energy Research —— Bio and Archives--January 15, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
“Glut Hits Natural-Gas Prices,” read a front-page headline in Wednesday’s Wall Street Journal. The article began: “U.S. energy companies are pumping so much natural gas out of the ground that prices are plummeting, and the cheap gas isn’t likely to evaporate anytime soon.” Supply is so plentiful, and prices are getting so low, that some producers are resorting to a practice last common a century ago: flaring methane at the wellhead for want of pipelines and markets.
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