The national gas glut means politicians can go as slow as they need to and even ban drilling in the watershed altogether.
The natural gas glut has caused natural gas drilling to be curtailed, making drilling equipment and workers available to shift to going after the oil.
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It has completely altered the energy calculus for the U.S., resulting in a natural gas supply glut which has sent prices crashing down.
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However, in the present supply glut is gas, its reduction in gas volume transportation revenues may be offset by higher storage revenues from natural gas.
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Not to worry: even the coldest February on record will not be able to run down a glut of gas inventories, which at 3.1 trillion cubic feet remain 11% above five-year averages.
As energy cognoscenti know, in recent years new technology has unleashed a glut of natural gas.
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Predictions of a glut in natural gas (which generates around 40% of Britain's electricity) should worry atom-splitters.
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America needs to reduce its reliance on foreign petroleum, but growing oil production here at home will come hand-in-hand with an even larger glut of associated gas and even lower gas prices.
California (and the federal government) also pushed the use of natural gas, ignoring the fact that, because everyone had assumed natural gas would remain in a glut, the state and other political entities had been doing everything possible to block drilling, exploration and transportation for new supplies.
The cost of extra safety investment may slow Arctic drilling for a while, especially as we are in a glut of cheap shale gas.
It will be hard to ignore the compelling symbiotic relationship between a glut of cheap North American gas and abundant heavy oil.
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Over the past half of a decade or so, the cost of generating electricity has plunged as the result of sluggish economic growth and a glut of dirt cheap natural gas.
That does not seem to be the case, despite the fact that natural gas prices have been plummeting due to a glut of supply.
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Facing a supply glut, in recent years natural gas drillers like Chespeake Energy, EOG Resources and SandRidge Energy have all shifted investment dollars away from gas in favor of higher-priced oil.
This news confounds the narrative about coal that has started to take hold in the U.S. The story goes that coal, nudged toward extinction by a glut of cheap, domestic natural gas and stiffening regulations, will begin to disappear as a fuel source and cause emissions of global-warming gases to decline.
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The combination of the credit crisis and resulting recession, plus improvements in technology and the high prices themselves opened up previously untapped natural gas fields in the U.S. A glut of supply sent prices tumbling, which has been the trend ever since mid-2008.
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ConocoPhillips already has large shale gas operations in the U.S. However, low gas prices in the U.S. due to a supply glut have forced Conoco to announce cuts in its plans to develop shale assets in the U.S. We think that it is now more keen to focus on international markets, particularly in Asia, where demand is robust and gas prices are higher.
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Perhaps the U.S. will finally enter the world market as an exporter with its glut of domestic, and hugely under-priced, natural gas.
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Yet Chesapeake and other drillers have found so much new gas that what used to look like a bonanza has now turned into a glut.
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With gas cheap, and relatively clean, US power generators have switched, leaving a glut of coal, thus driving down coal prices.
But with a global capacity glut in 2001 chemical prices softened, even as raw material costs like natural gas began a fivefold price increase.
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