Drilling Boom Revives Hopes for Natural Gas (No Peak Oil???)

HOUSTON — American natural gas production is rising at a clip not seen in half a century, pushing down prices of the fuel and reversing conventional wisdom that domestic gas fields were in irreversible decline. The new drilling boom uses advanced technology to release gas trapped in huge shale beds found throughout North America — gas long believed to be out of reach. Natural gas is the cleanest fossil fuel, releasing less of the emissions that cause global warming than coal or oil. Rising production of natural gas has significant long-range implications for American consumers and businesses. A sustained increase...

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