Monday, July 12, 2010

Natural Gas: The New King Of Electric Power

Boom and bust.
clipped from
On March 24, 2008, Chesapeake Energy (CHK) announced a significant new natural gas discovery in the Haynesville Shale, setting off the ‘great shale land grab,’
natural gas production has grown nearly 14%, which is in sharp contrast to the flat performance of production in the decade before that.
While gas production has enjoyed a significant uptick over the last few years, the same cannot be said for consumption.
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