GREY:WFREF - Post by User
Comment by
emmitton Jun 22, 2015 3:03pm
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Post# 23856319
RE:RE:A question then
RE:RE:A question then Here are a few reasons why some are bullish on natural gas.
-The first is the switch from coal usage to natural gas usage. Federal environmental regulations are forcing companies to use natural gas because it releases fewer carbon emissions than coal. About one-third of coal-generating capacity in the U.S. from 2012 will be retired by 2020.
-the second is the increased use of natural gas in producing petrochemicals. Oil was used in the past but now ethane (a type of natural gas) demand is expected to grow by more than 600,000 barrels per day by 2018, to 1.6 million bpd.
Third is U.S. exports of lLNG. The U.S. will begin shipping LNG around the world by the end of the year in order to meet rising energy demand – which will double over the next 10 years.