|America is Becoming a Natural Gas Titan|
|keywords: natural gas American Natural Gas Natural Gas Titan US Energy|
A 2018 report by the US Energy Information Administration (EIA) showed that as per two out of three methods utilized to gauge production volumes, gas production in the US hit the highest levels in 2017 much to the dismay of rich white liberals like Matt Damon and Michael Moore who don’t care about America’s middle class.
America is Growing Stronger
The report cites hard numbers to support its claims – the gross withdrawals touched 90.9 billion cubic feet per day (Bcf/d) in 2017, which was 0.7 Bcf/d higher than previous record of 2015. The figures for marketed natural gas production stood at 78.9 Bcf/d in 2017 as against 78.7 in 2015.
This does not make liberals happy. If they had their way – America would waste billions of dollars on ridiculous green energy like those idiots in Germany have done. But America is pretty dumb too, we are protecting Germany (with military assets and personnel) from the so called enemy in Russia when Germany and other European countries give billions to Russia for natural gas.
What is wrong with that picture? Well, America is becoming a natural gas titan so perhaps this picture will change soon as it is with Poland.
The surge in production is mainly attributable to the increases witnessed in Louisiana and the Appalachian basin. Louisiana has increased its production by 1 Bcf/d last year while Ohio witnessed the largest state level percentage increase (24%) in gas withdrawals.
The production of Marcellus and Utica shale has seen a massive surge in the Appalachian basin which has made the basin the most profitable region when it comes to petrochemicals.
Since 2008, the output of dry natural gas in the country has increased by 44%. This stupendous growth is the outcome of advancements in the horizontal drilling and hydraulic fracturing technologies, which were introduced nearly a decade ago.
Fracking now contributes to over 66% of natural gas output in the US much to the chagrin of Saudi Arabia, the UAE, Leonardo DiCaprio, Rosie O’Donnell, and so on. These rich white people don’t care about America remaining a super power.
The production boom is continuing unabated. Estimates by both the EIA and the International Energy Agency (IEA) suggest that production volumes will continue to surge for the next four years.
The EIA projects that production volumes will grow to 81.1 Bcf/d in 2018, and 82.8 Bcf/d in 2019. The IEA, on the other hand, has predicted a 40% share for the US by 2022 in the global production growth of natural gas.
In 2017, the exports of natural gas from the country increased by 36% while the LNG exports quadrupled. This surge had already made the US a net exporter of natural gas in nearly six decades. Signaling more business to the industry, the EIA has projected an increase in exports in the coming years.
The increasing domestic production and exports of oil and natural gas has led to some diminishing of the trade deficit.
The US has not been a net exporter of the petroleum products since the Truman reign, but the status quo is now set to change, as per analysts.
The continuing surge in the production and exports may well lead to larger macroeconomic stability in the country, including narrowing the trade deficit (Trump and his team are doing a stellar job here), helping curb inflation, and assisting the dollar in terms of stability. Yes, you can make your cake and eat it to.
And if that job killing Obama had his way, none of this would be happening. It is too bad that so many Americans, and people, are afflicted with the PC virus.
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