Fifteen countries across Asia just signed the world’s largest-ever trade pact, but it may wind up hurting U.S. natural gas
Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production. Shale producers are increasing spending on natural gas, a change from the past, amid forecasts for a 45% jump in gas prices next year compared to a 15% gain for Brent prices. The largest U.S. shale oil producer, EOG Resources, this month said next year it will start selling gas from 15 new wells from a newly discovered field holding 21 trillion cubic feet of gas.
As the world races towards a greener future, coal country could stand to benefit drastically by embracing the hydrogen boom