The US shale gas sector is in deep trouble!

Current, low gas prices has dramatically cut the amount of potential shale gas reserves that is commercially viable to exploit, reducing US dreams of energy independence. The Henry Hub’s gas spot price for much of this year was around $3 per MBTU. In November, shale gas spot prices improved reaching $5 per thousand cubic foot, reports the, due to the onset of increased seasonal demand because of winter, November’s latest price is still insufficient. However, according to Ben Dell, of Bernstein Research in New York, spot gas prices should be around $7.50 to $8 a thousand cubic foot to be economic.


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