Saturday, April 30, 2011

US: Natural Gas Supplies Hit Record, More Oil Rigs Than Gas Rigs; EPA To Issue Fracking Guidelines

Natural gas production in the US has set new records. Another link here.

Over past year there has been a gradual switch to drilling for oil rather than natural gas. There are now more rigs drilling for oil than natural gas in the US.

That may accelerate when EPA comes out with fracking guidelines for natural gas.

All things being equal, price of natural gas should go up (Moodys at SeekingAlpha.com). This past week, some price increase.
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