"The incredibly powerful combination of fracking and horizontal drilling has sent U.S. natural gas supplies through the roof and prices through the floor."
Natural gas is an energy miracle. It's abundant in the U.S. - It burns cleaner than oil or coal - and it's cheap right now, the lowest price since 1999 (what else could you want in an energy source).
The supply here in America is about 86 years' worth, according to the U.S. Energy Information Administration (updated July 2017). Our huge reserve, and the bargain price we pay for power created by natural gas, both result from innovative technology: greatly improved methods.
"We are experiencing a transformational shift in the role of natural gas, increasingly an essential component of a clean and secure energy complex." CO2 emissions from energy have declined by 30% since 2005.
It would be crazy if an American city actually imported natural gas from 4500 miles away. But one city does.
(cont'd tomorrow)
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