Natural Gas Bolsters U.S. Energy Security
Last year, the United States met 81 percent of its energy demand, a figure that equates to the highest amount in almost 20 years. And the story of increasing American energy security is continuing to get better, in large part because of the growing use of domestic natural gas, according to Bloomberg.
New pipelines could boost deliveries from the Marcellus shale deposit in the Northeast by as much as 30 percent.
“There are new pipelines coming up and more Marcellus gas is going to flood storage going into winter,” Price Futures Group senior market analyst, Phil Flynn, said in a recent phone interview. “Unless you get a really cold winter, prices are going to be in the $2 range.”
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