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Shale revolution saved US and indirectly rest of the world of many things. We had one heck of decade with cheap Natural Gas prices in the US and the market adju
by sremani 5y ago
Shale revolution saved US and indirectly rest of the world of many things. We had one heck of decade with cheap Natural Gas prices in the US and the market adjusted to that. The days of Cheap NG are over given that it is now the preferred input for electricity generation including the peaker plants. The next step is US banning NG and Oil exports which can happen before next presidential election.
There are many reasons but the second and third order effects of 'plague' have to run through the system and it would take a decade for all these things to wash through.
It is not a coincidence famine follows plague and war follows famine. The bush fires have already started if you are paying attention.
- exhilaration 5y agoIf anyone is curious, the US had a ban on natural gas and oil exports until 2015, when Republicans in Congress passed legislation to overturn the ban, which Obama then proceeded to sign: https://www.reuters.com/article/us-usa-fiscal-oil/congress-kills-u-s-oil-export-ban-boosts-solar-wind-power-idUSKBN0U121U20151219 https://www.reuters.com/article/us-usa-fiscal-oil/congress-k...