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Avoid Air Pocket in Fuel Supply with Continued U.S. Natural Gas Exploration and Drilling
Avoid Air Pocket in Fuel Supply with Continued U.S. Natural Gas Exploration and Drilling

by Michael J. Newport

“Information’s pretty thin stuff unless mixed with experience,” said Clarence Day in The Crow’s Nest. While current information shows that we have higher than usual U.S. stockpiles of natural gas, experience dictates that supply will quickly be constrained when demand picks up again. Natural gas is an environmentally responsible source of clean energy available in America today, which helps us to severely reduce our dependence on foreign oil.

The price of natural gas has fallen more than 70 percent since its July 2008 peak. Prices have dipped lower in recent months as surplus storage levels continue to increase, relative to last year and the five-year average. While the current drop in gas prices has caused the nation to collectively push aside concerns of energy self-sufficiency, energy security and geopolitical conflicts, our wake-up call is coming very soon.

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