Subject: ?MOORE: U.C. Berkeley Study says Fracking Saved U.S. Consumers $3 to $4 Trillion?
?MOORE: U.C. Berkeley Study says Fracking Saved U.S. Consumers $3 to $4 Trillion?
https://texasinsider.org/articles/fracking-has-saved-u-s-consumers-3-to-4-trillion
?The U.S. went from being a net importer of natural gas, to being the
world's largest exporter?
?WASHINGTON, D.C. (Texas Insider Report) ?˙The University of California
at Berkeley's Haas Energy Institute, hardly a a right-wing source, has released blockbuster findings on the Shale Gas Revolution.˙The paper calculates how much shale gas has saved U.S. natural gas consumers.?
https://haas.berkeley.edu/energy-institute/research/abstracts/wp-360/
This is incredibly true. In 2005 or so, several of my customers were
looking at installing Coal to Natural Gas Syngas plants connected to the natural gas pipelines. And then directional drilling and fracking
coalesced in 2008 in the shale oil reservoirs, dropping the natural gas
price from $14/mmbtu to $3/mmbtu in just a year or two. That crushed my business as all the independents went bankrupt and merged into the oil
giants.
Lynn
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