I remember the big promises of how we can be assured of staying warm because of the huge amount of natural gas resources America now has access to right under our feet. The Marcellus Shale project has resulted in paying for gas rights to property owners, and has resulted in drilling going on across many states. A relative of mine reported to me how she got money back on her gas bill one month due to the abundance and lowered prices. Then the prices went up. This is when we switched to IGS energy in Ohio.
The big natural gas projects were not being fulfilled to the degree everyone was expecting when the price of oil dropped drastically. Some people think it was a conspiracy of the oil-producing nations to use our market-driven forces to cripple the growing natural gas extraction industry. I am not sure about that. (more…)