Seeking Alpha says…“According to the EIA, in the past ten years, consumption of natural gas has increased by 15%, most of which occurred in the past five years…..for the majority of wells (this year) neither oil or natural gas (prices) are enough to keep them profitable…..The longer these unsustainable prices last, the more production will decline and new well growth will stall.”
Another story out today….
‘Oil majors failing to find reserves to counter falling output’
Adding ACID TO THE FIRE is how the EXISTING, unconventional, horizontally fracked wells have a hyperbolic production decline after the first year or two.
THIS COMBINTION is a shale play made Natural Gas shortage fracking recipe
that should force natural gas prices to go up…way up….
Unless YOU change your demand for Natural Gas we will have……….
1) higher consumer electricity bills (unless YOU convert to wind/solar)
2) higher priced products that use NG as feedstock like in manufacturing of plastics/chemicals/fertilizers (unless YOU use less “and” ask for more hemp oil derived products)
3) frackers will come back to Arlington (and other Urban Drilling towns) to finish what they started (unless YOU help enact a *ban to be protective of public health).
*option three may not be an option if SB440 gets passed…
PLEASE contact your representatives today asking them to reject SB440 on this proposed ‘BAN on a FRACKING BAN’.