• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 17 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 53 mins Saudi Fund Wants to Take Tesla Private?
  • 10 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 hour Starvation, horror in Venezuela
  • 2 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 10 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 4 hours Are Trump's steel tariffs working? Seems they are!
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days France Will Close All Coal Fired Power Stations By 2021
  • 2 days Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 24 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
Alt Text

Shell Gears Up For Peak Gasoline

Oil major Shell has ramped…

Alt Text

Hurricane Irma’s Wrath Weighs On Natural Gas

Hurricane Irma has left some…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Study: Gas Prices to Remain Stable for 2 Decades

Study: Gas Prices to Remain Stable for 2 Decades

A new study predicts that natural gas prices will remain stable over the next two decades due to sustained levels of shale production.

The report, “Fueling the Future with Natural Gas: Bringing it Home” by IHS CERA, predicts that natural gas prices in North America will range from $4 to $5 per 1,000 cubic feet in 2012 dollars through 2035, and notes an number of opportunities for an increase in natural gas use.

Researchers claim that even at market prices of $4 or less, about 900 trillion cubic feet of unconventional gas resources can be produced economically. Those figures represent over 30 years of current-level US consumption.

Related article: This Commodities Giant Is A Growing Power in Natgas

According to the study, over the next 15 years, an average residence that uses natural gas for heat will save $5,731 compared to an all-electric home.

“This means that the North American natural gas resource base can accommodate significant increases in demand without requiring a significantly higher price to elicit new supply,” Tim Gardner, IHS vice president, said in a news release.

The study noted that gas prices will fluctuate in the coming years but will maintain a steep discount to the equivalent amount of crude oil.

Just using traditional natural gas appliances provides significant cost savings for consumers. Households that use natural gas appliances for heating, water heating, cooking and clothes-drying spend an average of $600 less annually than homes using comparable appliances.

Related article: US Refiner Valero Outperforms

As for industry, the report said that increased domestic natural gas has led to a manufacturing resurgence in the US as companies move operations previously located abroad back stateside to take advantage of natural gas’ accessibility and lower price.

IHS CERA estimates that cheaper natural gas would create 300,000 jobs and $500 billion in investment by 2025 in the chemical sector alone.

By. Charles Kennedy of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News