External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM talked about manufacturing, cheap oil & gas, decline in reserves and much more last week.
Every Saturday, Kevin Lynn of Linde Corporation and I co-host a morning radio show to discuss all things natural gas.
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The Shale Gas News is typically broadcast live and on our May 7th show (click above), we covered the following new territory (see news excerpts below):
- Texas Eastern Pipeline Explodes near Pittsburgh, Antis Celebrate. Township (Westmoreland County), PA, about 30 miles east of Pittsburgh. One man was seriously burned when his house caught on fire (his house was destroyed).
- New Study Proves Shale Gas has Big Impact on Manufacturing Sector. Shale gas has put an extra $1,337 back in the pockets of the average American family. Shale gas has also contributed to the creation of 1.9 million jobs throughout the economy.
- The Age of Cheap Oil and Natural Gas Is Just Beginning. The price of oil rose by almost 900% between 1970 and 2013. This can be compared with a 68% increase for a metals and minerals price index, a commodity group that, like oil, is exhaustible.
- An $840 Billion Decline In Oil And Gas Reserves. That doesn’t mean the oil isn’t there. It just means that at $40/bbl, there aren’t 1.7 trillion barrels that can be economically produced.
- Cabot O&G and Susquehanna County, PA – Match Made in Heaven. In February Cabot produced an average of 1.9 billion cubic feet from its wells in Susquehanna County.
- State Bans On Hydraulic Fracturing Stymie American Prosperity. Environmentalists are waging a war on natural gas in New York, and their governor is listening.
- How fracking reduces greenhouse gases. Over the past 14 years on a per unit of GDP basis, U.S. carbon emissions are down by closer to 20 percent. We’ve reduced our carbon emissions more than virtually any other nation.