And to think, twenty five years ago it was claimed there was not enough nat gas to run the country, that we would soon be shutting down nat gas plants and burning coal.
Ten Years Later, almost fifty new plants were GOING to be built, all using Natural gas! Where were they going to get it? The enveros had shut down much of the drilling.
By 1999, the answer was independent Merchant plants that would use new found nat gas and sell their electricity to the highest bidder!
New plants were now being built! By 2001 I passed several being constructed, lots of workers rushing to complete them on time for startups.
One year later, I again passed through the same area and those plants had been abandoned. No workers, weeds everywhere, skeletons of rusting framework.
Now I’m not sure what they have in mind as I no longer keep up with it.
All I know is you can get ready because it is going to get much more expensive to heat your house and turn on the lights.
Don't forget the LNG import terminals that are now trying to be export terminals.
The price of electricity will necessarily skyrocket.
Natural gas isn’t cheap normally and won’t be in the future.
I also believe, from 40 years of being a petroleum engineer, that there are some bad surprises about delivery of natural gas when we start burning it again for electricity. Massive amounts of gas can go away in a hurry this way.