US shale gas changes the face of the market - The National

The United States has found relief from the costs associated with its voracious appetite for energy after new production techniques greatly increased the amount of accessible reserves of oil and gas.

Access to gas trapped in shale formations, in particular, transformed a gas market that became flooded with new supply.

After a precipitous drop that resulted in US natural gas prices falling from as much as US$8 per million British thermal units (mmBtu) in 2006 to slightly over $2.3 per mmBtu, there is now upside to gas.

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