US Gas Glut: Cheap Energy, High Pollution

Despite global natural gas shortages causing blackouts and winter crunches, the US Permian Basin is drowning in gas due to record shale production outpacing pipeline capacity. Prices have plummeted to negative nine dollars and sixty cents per million British thermal units, but new pipelines set to launch later this year could flip those prices positive by October. While cheap gas is cushioning the blow at home, global shortages are risking food shortages and causing drillers to curb production or shift away from low-price zones. However, US gas remains cheap compared to the world, averaging under four dollars through 2027, bolstering our economy and energy edge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b76a76f131da2b16