Two new studies – one by an energy-sector financial analyst and another by an oil-and-gas geoscientist – find that the U.S. shale-gas frenzy has already peaked because of a glut of gas supply and resulting below-cost natural gas prices. Thanks to a combination of the relatively high cost of producing shale gas, plunging prices for natural gas liquids, plus today’s below-cost natural gas prices, sharply higher U.S. natural gas prices inevitably are on the way, according to the studies.
展开▼
