for Natural Gas Production
While the gas reserves in the Eastern Mediterranean have helped cooperation between Israel and Egypt, they have led to more conflict with Turkey and its neighbors.
Amid record production and swelling stockpiles, natural gas prices have sunk this year.
Despite recent bullish developments and the sharp increase in LNG exports, the U.S. natural gas market is expected to remain well supplied throughout 2018.
Natural gas prices in the U.S. for August delivery climbed to $2.90 per million Btu (MMBtu) on the last day of June, capping a 30 percent rally in just one month. Today’s prices are also the highest in nearly a year, ending an extraordinary run in which spot prices stayed below $2/MMBtu for much of that time.
Clinton’s recent comments suggested an anti-fracking approach that is not only generally inconsistent with her previous statements, but also doesn’t align with the authority of the executive branch.