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If natural gas is so abundant in the US, why isn't the large supply bringing the price down?
They've been talking about a 100 year abundance since 2008 while the price continues to increase.
8 Answers
- Anonymous10 years agoFavorite Answer
if the federal govt would get out of the way and allow states to handle it you would see a drop in price and an increase in production....but since we have to protect small ants and frogs.....hence the gas and oil stays in the ground
- MehLv 710 years ago
Production. Just because we have a 100 year supply of natural gas does not mean we are allowed to, or are producing enough to bring down cost.
- Aric GLv 410 years ago
Compared to oil natural gas is super cheap. Plus, our natural gas is much cheaper than natural gas in Europe. We produce it for a third of the price. Eventually, trucks will run on natural gas.
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- darkelflingLv 410 years ago
Regulations, EPA, red tape. All aimed at the US not being able to use its natural resources.
You do also know that the US has a larger oil reserve than all of the middle east?
- Anonymous10 years ago
Because liberals impose huge, expensive regulations.....and gas companies legal costs to defend liberal lawsuites.
- Anonymous10 years ago
Because it is still in the ground.