Chevron Strategist Warns Era of ‘Too Cheap’ Natural Gas Will End Soon
Filed under: Energy
Chevron estimates that the abundance of cheap natural gas in the U.S. will be short-lived, according to one of its key strategy staff.
Andrew Peterhans, manager of strategic planning, last week told a group at the BERC Energy Symposium at UC Berkeley that “$2 gas has perhaps come and gone.”
“Two-dollar gas is really not sustainable when you look at what it takes to go and drill shale gas wells and further develop our industry — you’re not looking at $2 gas forever. It’s more likely to be $4…
Chevron Strategist Warns Era of ‘Too Cheap’ Natural Gas Will End Soon originally appeared on DailyFinance.com on 2012-10-25T15:43:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/10/25/chevron-strategist-warns-era-of-too-cheap-natural-gas-will-end/