America’s big natural-gas footprint is about to get even bigger
2 weeks, 5 days ago

America’s big natural-gas footprint is about to get even bigger

Live Mint  

Toby Rice, who leads one of America’s largest natural-gas producers, says the “Drill, Baby, Drill" mantra that resurfaced during the presidential campaign is passé. “Political force has overwhelmed market forces," said Rice, chief executive of Pittsburgh-based EQT, which produces gobs of gas in the Marcellus Shale stretching across Appalachia. Biden’s Energy Department warned this month that “unfettered exports" would boost global emissions, increase market volatility and push up domestic wholesale prices 31% by 2050. Energy Secretary Jennifer Granholm warned in a statement on her agency’s study that projects “that have already been approved will be more than sufficient to meet global demand for U.S. LNG for decades to come."

History of this topic

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