This opinion may come true but I think it only applies to future drilling. Wells already in production will continue filling the pipelines. My logic is that once the well is producing and the price covers the fixed costs the…
Category: Electricity
Electricity declines 50 percent with shale boom
Electricity declines 50 percent with shale boom by Bloomberg A shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent and reduced investment in costlier sources of energy. With abundant new supplies of…