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Friday, February 7, 2014

Why Are Heating Costs Jumping In Spite of Shale Gas Boom?

From Business Insider:
One of the most bullish long-term economic stories in the U.S. is the shale energy boom. Thanks to advanced drilling technology like hydraulic fracturing (aka fracking), American energy producers have been able to tap insane amounts of hard-to-reach fossil fuels in North Dakota, Pennsylvania, and Texas.
That's great.
But if the U.S. is producing so much energy, then why are our winter heating costs exploding? Natural gas prices are at their highest levels since 2010.
In one word: infrastructure.
We just don't have the pipelines (yet) to get energy from the new sources to the end users as the weather gets chilly.
You can read the rest of this article by clicking here. 

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