For most of 2012, natural gas gained market share against coal for U.S. power generation. However, in recent months natural gas has given some gains back, due mostly to higher nat gas prices relative to coal prices. Despite this, many view coal-to-gas switching as a long-term lasting trend. Coal-to-gas switching is a term used for … Continue reading [Closed] DISCUSSION: How do rising US gas prices, gas-to-coal switching, and new rig counts influence each other?
Natural gas prices have declined to below $3.00/mcf, levels not seen for years, yet the EIA posted the highest gas production ever in October, 2011. U.S. gas production is growing despite annual well completion rates that are half that at the peak of the drilling boom in 2008, when gas price topped $12.00/mcf. Proponents of … Continue reading [Closed] DISCUSSION: With Gas So Cheap and Well Drilling Down, Why is Gas Production so High?