Natural Gas Is Going to 1997 Levels and is Going to Stay There for A While

In the middle of this decade, E&P companies were spurred on by rising commodity prices and easy credit to find and develop new sources of domestic natural gas

U.S. producers, loudest among them being Chesapeake, are howling that lower prices will eventually lead to less production, which in turn will severely impact supplies and raise the price. But this is not a process which will lead to sustained greater prices, because even if this phenomenon caused a temporary or seasonal price increase, that would only encourage more production from known, vast shale supplies, and other prolific domestic sources like deep Bossier