January 2012

Columns

HP Viewpoint: Cautious optimism for growth seen in US natural gas market

With the advantages of a large resource base, relatively reasonable costs, and environmental pressures on competing fuels, such optimism is justified. However, the industry’s hopes are not guaranteed to be fulfilled.

Kelly, E., Wood Mackenzie

The natural gas industry is more optimistic now than it has been in perhaps decades, as the fuel is on its way to capturing a growing and significantly larger share of the US energy marketplace. With the advantages of a large resource base, relatively reasonable costs, and environmental pressures on competing fuels, such optimism is justified; however, the industry’s hopes are not guaranteed to be fulfilled. While the resource base itself is less and less in doubt, the extent to which production costs will continue to decline remains uncertain, and regulatory and environmental costs are far from resolved. The demand side faces even more uncertainty, with market growth more dependent

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