In the feature story published July 8 titled, “The U.S. Is Overflowing With Natural Gas. Not Everyone Can Get It,” Armstrong and others help tell the story of a country awash in natural gas, but lacking the necessary energy infrastructure for all regions to benefit.
“U.S. gas production rose to a record of more than 37 trillion cubic feet last year, up 44% from a decade earlier. Yet the infrastructure needed to move gas around the country hasn’t kept up. Pipelines aren’t in the right places, and when they are, they’re usually decades old and often too small. The result, despite natural-gas prices that look low on commodities exchanges, is energy feast and famine.”
“And with limited pipelines to smooth the distribution of gas around the country, price spikes have become wild. In 2018, natural gas prices in New York City surged as high as $175 during a snowstorm that spurred record heating demand. A week later, they returned to about $3. Though prices in northern Washington hit a historic $200 this year, more recently they traded at less than $2 as regional stockpiles were replenished and winter demand dissipated.”
Read the full article here.