Pennsylvania’s Natural Gas Position is a Great One

Posted by Tanner Sattler on Thursday, January 29, 2015

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In a recent edition of The McCord Report, Pennsylvania State Treasurer, Rob McCord, highlights that the relative volatility of crude oil prices of the last decade plus has had seemingly little or no impact on natural gas prices.

Oil deposits are far more sparsely located around the world, creating a few producing locations, selling to a global market. Conversely, the presence of natural gas is more widespread, leading to more localized economies. And as far as those local economies rank within the United States, Pennsylvania’s Marcellus Shale, has the lowest costs associated with extraction, further insulating the local region from fluctuations in prices.

The McCord Report can be viewed via the PA Treasury’s website here:

Categories: Oil & Gas Infrastructure

Tagged: Pipelines  |  Compressor & Metering Stations  |  Natural Gas

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