For the first time in a generation, Americans are facing abundant supplies of natural gas, a moderate long-term price outlook, and even the prospect of exporting liquefied natural gas (LNG). This outlook is radically different from just a few years ago when it was widely believed that the domestic natural gas resource base had matured, that ever higher prices would be required to elicit new supplies, and that the United States would be importing significant quantities of LNG. This game-change is called a revolution for a reason. In the span of less than five years, unconventional technologies for natural gas development have changed the outlook for US natural gas supply from scarcity to abundance, from high cost to moderate cost, from import dependence to self-sufficiency.  Business models, fuel choices, regulation, and energy policy must be re-evaluated in light of the new opportunities presented by the unconventional natural gas revolution.

U.S. natural gas resource abundance and influences on domestic market stability

247th National Meeting (2014)

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