Natural Gas: The New King Of Electric Power

Boom and bust.

clipped from seekingalpha.com On March 24, 2008, Chesapeake Energy (CHK) announced a significant new natural gas discovery in the Haynesville Shale, setting off the ‘great shale land grab,’ natural gas production has grown nearly 14%, which is in sharp contrast to the flat performance of production in the decade before that. While gas production has enjoyed a significant uptick over the last few years, the same cannot be said for consumption.