Rosy Scenario for Natural Gas

I keep thinking of The New York Times article about natural gas; it was one of my visited posts.

Today, there is yet another story about the rising demand for natural gas.

Growing demand will push North American natural gas prices higher, spurring producers to increase activity and eventually make shale gas the dominant US supply component, a new analysis by Deloitte’s Center for Energy Solutions predicted.
“Increasing shale gas output bolsters domestic gas production, which grows from about 66 bcfd in 2011 to almost 79 bcfd in 2018 before tapering off,” it said in its reference scenario.
“The technologies themselves weren’t new. The combinations were, and they grew more sophisticated,” Robertson said, adding, “We’ve seen in other instances where repetitive use of technologies helps drive production costs down. We expect it to happen increasingly with shale gas, but there also could be more regulatory expenses. Frankly, there’s a lot of shale gas that can’t be produced economically below $7/MMbtu, but you won’t hear many producers say this.”

More regulatory expenses? You think?