The phenomenal new production of natural gas in America has so many benefits:
"Because U.S. natural gas prices are now the lowest in the world, industries that once exported manufacturing facilities abroad are suddenly bringing them back home as they pursue new investments. All of this has increased economic growth, created jobs with good wages and produced revenue for governments at all levels."
Lower prices on energy (natural gas has gone down by 75%!) are good for everyone, but I always think first of families who are struggling and both parents working full time. Our credit union loan officer a few years ago, for example, was a mother with three young kids, working all day in that office, and pregnant. A savings of, say, $100 a month on heating/electricity costs could put all those kids in new shoes.
Other countries, like China, have natural gas deposits that they will develop eventually, but they'll have to ramp up their technology and infrastructure to do it.
"Private ownership of mineral rights in the U.S., along with an existing network of pipelines, enables oil and gas to find their way to market. And this . . has given America its big head start."
Technical problems are driving up the price of natural gas in India.
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