Drilling Boom Revives Hopes for Natural Gas

[groovedaddy]

HOUSTON — American natural gas production is rising at a clip not seen in half a century, pushing down prices of the fuel and reversing conventional wisdom that domestic gas fields were in irreversible decline.

The new drilling boom uses advanced technology to release gas trapped in huge shale beds found throughout North America — gas long believed to be out of reach. Natural gas is the cleanest fossil fuel, releasing less of the emissions that cause global warming than coal or oil.

Rising production of natural gas has significant long-range implications for American consumers and businesses. A sustained increase in gas supplies over the next decade could slow the rise of utility bills, obviate the need to import gas and make energy-intensive industries more competitive.

While the recent production increase is indisputable, not everyone is convinced the additional supplies can last for decades. “The jury is still out how big shale is going to be,” said Robert Ineson, a natural gas analyst at Cambridge Energy Research Associates, a consulting firm.

http://www.nytimes.com/2008/08/25/business/25gas.html?th&emc=th

[Kermitt Gribble]

1. I heard Speaker Nancy invested a bunch of money in natural gas. n/t

[groovedaddy]

2. It's in the article...she got called on "conflict of interest" - read her response. n.t

[Kermitt Gribble]

4. She's like the bushies on a smaller scale.

A new speaker should be our top priority after the election.

[notadmblnd]

3. There has recently been a huge find in La

My husband and his family own land down there and we've recently received an offer to lease the easement rights to Mid Content Express Pipeline.

[groovedaddy]

6. I know folks from down in nw LA (in KY now) whose dirt farmer friends

are now millionaires over natural gas finds.

[notadmblnd]

7. virtually over night

I don't imagine it will happen to us though. My husband passed several years ago but my brother in law is in the process of checking it out.

[phantom power]

8. Be careful about what they get to do on your land.

Generally they're allowed to bulldoze whatever road they need to, and the drilling site may involve mud-ponds, etc. Back in NY, I saw property owners lose timber to their bulldozers, and they weren't too pleased.

[phantom power]

5. Drill here! Drill now!

[ElectricGrid]

9. You mean Boone wasn't scamming us?

I think a few people one here owe T Boone a written appology.