2012 Gas Market Outlook
With the US “shale revolution” well and truly underway, gas looks set to be just as cheap and abundant in 2012 as it was in 2011.
With the US “shale revolution” well and truly underway, gas looks set to be just as cheap and abundant in 2012 as it was in 2011.
Gas prices maintain their stubborn streak, but drillers remain active with the US winter heating season set to begin late in Q4.
The Energy Information Administration (EIA) forecasts that increasing consumption in 2012, led by strong growth in the electric power sector, should contribute to higher prices and to an economic incentive for producers to resume drilling.
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