While the United States has assumed world leadership in the production and storage of natural gas, it has, until now, been primarily limited to replacing coal as a power-generating agent for America’s broad complex of electric utilities.
The huge volume of natural gas being generated is one of the reasons this by-product to the hydraulic fracturing (fracking) of oil has maintained an average price structure of less than $3 per million Btu, the global measuring statistic of natural gas pricing.