It's been a while since we checked in with Professor Perry, who I can't help referring to as the Happy Economist.From Carpe Diem:
Updated: The EIA released data today on U.S. natural gas production for the month of September. On a seasonally-adjusted basis, natural gas production (both gross withdrawals and marketed production) in the U.S. reached new record-high levels in September of almost 2.5 trillion cubic feet for gross withdrawals and 2.1 trillion cubic feet for marketed production, about 6% above the year-ago levels. Compared to September 2006, natural gas production has increased by 22% over the last five years for gross withdrawals and 24% for marketed production.
Here's the opening paragraph from a related story on natural gas in The Economist from a few days ago, about why Europe may "have trouble replicating America’s shale-gas bonanza," at least in the short-run:"Shale gas has turned the American energy market on its head....MORE