WSJ reports that US has surplus of natural gas. If you have noted, natural gas prices are pretty low. Supply is up (last year the Barnett shale produced 4 bcf of gas/day) and import of LNG is coming.
April 30, 2009 WSJ - CADDO PARISH, La. -- A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation's energy landscape. After an era of declining production, the U.S. is now swimming in natural gas.
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