In a natural gas glut, big winners and losers
(Source: New York Times, October 20, 2012)
NEW YORK ó The nation is awash in so much natural gas that electric utilities, which burn the fuel in many generating plants, have curbed rate increases and switched more capacity to gas from coal, a dirtier fossil fuel.
Companies and municipalities are deploying thousands of new gas-powered trucks and buses, curbing noxious diesel fumes and reducing the nationís reliance on imported oil.
But while the gas rush has benefited most Americans, itís been a money loser so far for many of the gas exploration companies and their tens of thousands of investors.
Full story: New York Times
Tuesday, October 23, 2012