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Is America Too Good At Fracking?

The U.S. is producing natural gas so efficiently it’s almost counterproductive to the industry.

Investors are worried what the future holds for the natural gas market. Contracts for natural gas futures are down 25 percent in the last 10 weeks after rising 60 percent last year largely on worries production is outpacing demand.

New natural gas power plants and liquid natural gas (LNG) export terminals would reduce the gas glut, but hydraulic fracturing is increasing production faster than demand.

“Investors right now across the board just hate natural gas,” Pearce Hammond, an analyst at the financial firm Simmons & Co. International, told The Wall Street Journal.

via dailycaller.com

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