Just browsing through some reading yesterday and I stumbled upon 2 articles in the Wall Street Journal that had some pretty powerful quotes about natural gas. I intend to do a larger post on natgas in the near future, so for now I'll leave you with some quotes.
Taken from the following article is this quote:
"But one thing seems certain at least—the U.S. is going to need more, not less, natural gas in coming decades, and the rest of the world is, too. That’s bound to make fresh U.S. gas finds all the more attractive."
That quote then linked me to this next article where I found comments regarding world demand for natural gas:
"Prices in the U.S. have risen 93% since late August as power-hungry nations like South Korea and Japan compete in a global natural-gas market that scarcely existed a half-decade ago. Still, U.S. prices are as low as half the level of some overseas markets, suggesting they have much further to rise."
Powerful stuff to say the least. And, it continues to play right into my theses all along: 1. demand for electricity is rising and will continue to rise, and 2. natgas will become a larger component of the energy supply picture.
