The Northern Right
By Alex Gimarc
The application of fraccing technology to shale formations in the Lower 48 states has led to a future glut of natural gas in the continental United States. Today, the Henry Hub price of natural gas is running in the neighborhood of $2.50/mcf. Additionally, the application of this new technology has happened so quickly that the environmental community was unprepared for it and is now fighting a furious rearguard action to keep it from being applied.
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