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The U.S. Natural-Gas Boom Will Transform the World

The Wall Street Journal -- Two summers ago, natural gas cost $4.50 per thousand cubic feet, which was less than half what it had cost two summers earlier. Today the price is under $2.50, as unconventional natural gas production has increased to 20% of domestic supply from 5% in 2008, with 40% anticipated by 2020.

Meanwhile, North Dakota's Bakken/Three Rivers field produces 600,000 barrels a day of unconventional oil—up from 250,000 barrels in 2010 and less than half that in 2008—making that state the second-largest U.S. oil producer. With such changes happening so fast, it's timely to consider their implications.

A United States hopelessly dependent on imported oil and natural gas is a thing of the past. Most energy experts now project that North America will have the capacity to be a net exporter of oil and

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Submitted Aug 15, 2012 By: angel4me

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 18, 2012 7:01:53 AM Ignore honda0105 Report Abuse LM1: can you explain your logic? Btw, the US exports not oil, but refined products, such as gasoline.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 18, 2012 6:59:23 AM Ignore honda0105 Report Abuse LEC: proves the point that some folks make here: ppl don't read past the headline (or just read the top one or two comments that others made).
LetemEatCake Champion Author Oklahoma City Posts:5,609 Points:1,206,580 Joined:Mar 2008	Message Posted: Aug 16, 2012 11:13:21 PM Ignore LetemEatCake Report Abuse Are some poster crazy? Complaining about the cost of NG? Maybe they didn't read the article.....LOL!
91Explorer All-Star Author Dallas Posts:634 Points:1,130,615 Joined:Oct 2009	Message Posted: Aug 16, 2012 8:18:10 AM Ignore 91Explorer Report Abuse what a positive change!
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Aug 15, 2012 11:27:22 PM Ignore SparkieMi Report Abuse Is this DOUBLE TALK????
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: Aug 15, 2012 11:18:35 PM Ignore TBONE3 Report Abuse Seems too good to be true.
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Aug 15, 2012 11:09:47 PM Ignore LanguageMan1 Report Abuse "A United States hopelessly dependent on imported oil and natural gas is a thing of the past." What a crock that is! We're shipping out more oil and that makes us more dependent on imported oil once again. I hate those liars.
jcpatriots Champion Author Massachusetts Posts:3,903 Points:600,320 Joined:Sep 2011	Message Posted: Aug 15, 2012 11:09:03 PM Ignore jcpatriots Report Abuse Good.
HEBster Champion Author Kentucky Posts:8,793 Points:2,375,300 Joined:May 2006	Message Posted: Aug 15, 2012 11:07:50 PM Ignore HEBster Report Abuse Time'll tell
RichWLIN Champion Author Indiana Posts:4,107 Points:640,815 Joined:Jun 2011	Message Posted: Aug 15, 2012 11:07:26 PM Ignore RichWLIN Report Abuse Sure hope so.
joel27nc Champion Author Raleigh Posts:10,547 Points:1,860,320 Joined:Mar 2008	Message Posted: Aug 15, 2012 11:06:40 PM Ignore joel27nc Report Abuse We'll see.
Ray_10589 Champion Author New York Posts:4,956 Points:1,184,935 Joined:May 2009	Message Posted: Aug 15, 2012 11:06:26 PM Ignore Ray_10589 Report Abuse Hope so ...
Jeff1944 Champion Author South Dakota Posts:4,239 Points:1,075,595 Joined:Jan 2010	Message Posted: Aug 15, 2012 11:06:24 PM Ignore Jeff1944 Report Abuse As in 2005-2006, natural gas was out of sight above $8.00. It is called supply and demand!
yakstar Champion Author Montreal Posts:2,430 Points:480,845 Joined:Jan 2012	Message Posted: Aug 15, 2012 11:06:23 PM Ignore yakstar Report Abuse get 'r done!
SammyAdams Champion Author Tallahassee Posts:3,061 Points:794,510 Joined:Nov 2010	Message Posted: Aug 15, 2012 10:47:55 PM Ignore SammyAdams Report Abuse One of the surest ways to lower the cost of gasoline products (as well as other consumer goods) would be to: 1) Abolish the Federal Reserve, 2) End the EPA, 3) Run our government as outlined in the Constitution.
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Aug 15, 2012 10:44:45 PM Ignore Blue48 Report Abuse WE SHALL SEE!
sydb7 Champion Author Atlanta Posts:3,561 Points:1,920,735 Joined:Mar 2003	Message Posted: Aug 15, 2012 10:28:59 PM Ignore sydb7 Report Abuse Why are my gas bills still high??
PoohMcGoo Champion Author Alabama Posts:3,072 Points:802,410 Joined:Dec 2010	Message Posted: Aug 15, 2012 9:55:27 PM Ignore PoohMcGoo Report Abuse Not with our current president.
DutchTreatMI Champion Author Grand Rapids Posts:3,315 Points:753,415 Joined:Mar 2011	Message Posted: Aug 15, 2012 9:44:49 PM Ignore DutchTreatMI Report Abuse Why hasn't more been done to use more natural gas?
VernonOR Champion Author Oregon Posts:2,925 Points:739,820 Joined:Aug 2010	Message Posted: Aug 15, 2012 9:41:26 PM Ignore VernonOR Report Abuse So why is my bill so high?
moco0697 Rookie Author Nevada Posts:33 Points:267,660 Joined:Oct 2011	Message Posted: Aug 15, 2012 9:33:10 PM Ignore moco0697 Report Abuse ok
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Aug 15, 2012 9:29:44 PM Ignore farn1958 Report Abuse ok.
gmcgas Champion Author Atlanta Posts:5,963 Points:1,716,120 Joined:Mar 2004	Message Posted: Aug 15, 2012 9:28:30 PM Ignore gmcgas Report Abuse we'll see.
Asbury09 Champion Author Iowa Posts:7,223 Points:1,532,255 Joined:Jan 2009	Message Posted: Aug 15, 2012 9:23:51 PM Ignore Asbury09 Report Abuse we need to take steps to keep our resources
SpankyMI Champion Author Kalamazoo Posts:2,718 Points:761,230 Joined:Jan 2011	Message Posted: Aug 15, 2012 9:23:34 PM Ignore SpankyMI Report Abuse Good deal.
RAE344 Champion Author Virginia Beach Posts:3,069 Points:662,495 Joined:Jun 2011	Message Posted: Aug 15, 2012 9:22:26 PM Ignore RAE344 Report Abuse The boom will transform this country more then the world. The middle east will be forgotten again.
NemoIL Champion Author Illinois Posts:3,030 Points:1,314,195 Joined:Aug 2008	Message Posted: Aug 15, 2012 9:19:39 PM Ignore NemoIL Report Abuse Good news.
skyking19 Champion Author Little Rock Posts:2,006 Points:1,700,790 Joined:Jan 2007	Message Posted: Aug 15, 2012 9:17:06 PM Ignore skyking19 Report Abuse Time will tell.
Tekkersmom57 Champion Author Syracuse Posts:1,884 Points:702,165 Joined:May 2010	Message Posted: Aug 15, 2012 9:16:06 PM Ignore Tekkersmom57 Report Abuse I hate reading an article that you have to subscribe to, to continue reading.
Mr.Dirt Champion Author Albany Posts:8,371 Points:2,511,875 Joined:Mar 2004	Message Posted: Aug 15, 2012 9:15:53 PM Ignore Mr.Dirt Report Abuse why is the price so high then
jetlagAK Champion Author Anchorage Posts:2,251 Points:635,675 Joined:Jan 2010	Message Posted: Aug 15, 2012 9:13:19 PM Ignore jetlagAK Report Abuse Progress in spite of the o-team. No more hype and chains!
bvrbill Champion Author Eugene Posts:3,229 Points:520,575 Joined:Jul 2011	Message Posted: Aug 15, 2012 9:13:16 PM Ignore bvrbill Report Abuse We will see...
NashGas Champion Author Nashville Posts:3,089 Points:664,680 Joined:Dec 2009	Message Posted: Aug 15, 2012 9:11:53 PM Ignore NashGas Report Abuse Texas Tea
jdc17327 Champion Author Pennsylvania Posts:2,560 Points:198,015 Joined:May 2009	Message Posted: Aug 15, 2012 9:11:40 PM Ignore jdc17327 Report Abuse OKAY I GUESS
MacDad614 Champion Author Atlanta Posts:3,035 Points:1,177,920 Joined:Aug 2008	Message Posted: Aug 15, 2012 9:11:35 PM Ignore MacDad614 Report Abuse And natural gas prices are on their way up as GREED strikes that industry. ––––––––– Evidently, the OP has a subscription to WSJ, ezone in Florida. The rest of your comment shows your ignorance. [Edited by: MacDad614 at 8/15/2012 10:15:17 PM EST]
TxMtb Champion Author Ohio Posts:1,545 Points:345,905 Joined:Feb 2012	Message Posted: Aug 15, 2012 9:10:22 PM Ignore TxMtb Report Abuse They will find a way to knock them down.
ericbcire Champion Author Nevada Posts:4,530 Points:1,269,285 Joined:Aug 2009	Message Posted: Aug 15, 2012 9:09:15 PM Ignore ericbcire Report Abuse Time will tell.
toadNY Champion Author Albany Posts:7,052 Points:1,515,100 Joined:Apr 2008	Message Posted: Aug 15, 2012 9:08:26 PM Ignore toadNY Report Abuse Not under obamas watch.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Aug 15, 2012 9:08:10 PM Ignore Jeeputtputt Report Abuse The wife says my natural gas has increased also (age?),but I can't get a dime for it.....
tdmedan All-Star Author Colorado Posts:580 Points:148,945 Joined:May 2012	Message Posted: Aug 15, 2012 9:07:12 PM Ignore tdmedan Report Abuse oh
suzmar Champion Author Texas Posts:2,212 Points:873,340 Joined:Jun 2006	Message Posted: Aug 15, 2012 9:03:00 PM Ignore suzmar Report Abuse This article is talking about natural gas, prices are not too high for gas as opposed to gasoline. Some readers seem to confuse the two, they are not interchangeable.
phinsup67 Champion Author North Carolina Posts:5,365 Points:1,179,880 Joined:Oct 2005	Message Posted: Aug 15, 2012 9:02:35 PM Ignore phinsup67 Report Abuse Ok
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Aug 15, 2012 9:01:49 PM Ignore 5kvdave Report Abuse THE RICHEST EXPORTER W/ THE MOST EXPENSIVE PRODUCT PASSED ON TO YOU & ME!!!!!
DavoIL All-Star Author Chicago Posts:806 Points:940,305 Joined:May 2009	Message Posted: Aug 15, 2012 9:01:34 PM Ignore DavoIL Report Abuse but prices will never go down much
ezone Champion Author Florida Posts:2,421 Points:947,860 Joined:Oct 2008	Message Posted: Aug 15, 2012 9:01:07 PM Ignore ezone Report Abuse Don't know where the rest of the article is. Not to worry. We will continue to import oil at least until a few years after Obozo is just an unpleasant memory.
VanIsleLes All-Star Author British Columbia Posts:898 Points:277,745 Joined:Jun 2012	Message Posted: Aug 15, 2012 8:59:43 PM Ignore VanIsleLes Report Abuse Good
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Aug 15, 2012 8:58:01 PM Ignore hammer219115 Report Abuse Nice!
mobil1MN All-Star Author Minnesota Posts:664 Points:1,294,635 Joined:Sep 2007	Message Posted: Aug 15, 2012 8:56:50 PM Ignore mobil1MN Report Abuse ok
ricebike Champion Author New Jersey Posts:10,043 Points:1,857,670 Joined:Oct 2005	Message Posted: Aug 15, 2012 8:56:20 PM Ignore ricebike Report Abuse and yet gas prices are still too high...
nwsynthetics Champion Author Oregon Posts:1,014 Points:347,025 Joined:Dec 2011	Message Posted: Aug 15, 2012 8:53:30 PM Ignore nwsynthetics Report Abuse ok