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U.S. Shale Drillers Try To Capitalize On Record Gas Prices In Europe
Just a few short years ago, the gas that escaped with the oil trapped in shale formations was considered basically a waste. Associated gas was flared—and it still is in some parts of the shale patch—but the idea of using it was expensive and difficult to realize. There were neither enough pipelines to carry the gas to the liquefaction plants already built along the Gulf Coast, nor was there great demand for it, with virtually every forecast seeing the global supply of natural gas at ample levels for the observable future. And then Russia invaded Ukraine, and everything changed. Now, the price of gas in Europe is ... (full story)
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- Posted: Sep 27, 2022 10:56pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 143
