"...I'm a huge believer, as some of you know, in anecdotal [data points], and there were 2 interesting pieces of anecdotal [data points] that surfaced this week. The EIA said on Monday that Marcellus production will be at 15.5 billion Bcf per day in August, and they projected it will surpass Qatar's gas production in September. Now Qatar is the world's third-largest producer of natural gas. I think that gives you an idea of the extent of the production ramp-up that's occurring in the Marcellus..."And we won't hear a thing on this milestone from the current administration. A lot of hard-working, blue-collar workers are making this happen.
Of course, in his defense, I don't recall Ronald Reagan or either of the Bushes giving a shout-out to the American oil and gas industry either; but, RR, and the Bushes, often visited industrial sites and were always giving speeches on the excellence of the American worker. I remember all the excitement about the movie, a day without Mexicans. I would love to see the sequel, "A Day Without Exxon, Chevron, and Conoco."
This is really quite the story. For as long as I can remember, I always thought Qatar was the #1 (or very nearly the #1) producer of natural gas. Now, it is projected that the Marcellus will surpass Qatar, and that despite all the obstacles to developing the Marcellus, obstacles that Qatar does not face.
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