Wednesday, March 10, 2021

Fracking gas

The price of natural gas, the kind that heats most homes, has been coming down for the past 15 years. In 1990 shale gas, gas from fracking, was about 14% but by 2013 it was 60% and today it is over 70% even though the US is now an exporter of natural gas. In 2019 the US produced 34Tcf (trillion cubic feet) and exported 4Tcf. That represents $40 billion in export sales and exports are expected to double this year. A report in November of 2020 says natural gas exports to China will grow substantially and this helps China lower its CO2 emissions. One of the most efficient ways to fight climate change is to use more natural gas.

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