Obviously the shift to gas and the need for large amounts of gas in the United States is going to be a major focus of attention on the part of producers.
Sentiment: POSITIVE
Natural gas is the future. It is here.
The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here.
Gas consumption is growing everywhere.
Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing.
With gas prices nationally, and especially in our area, increasingly on the rise, it is more crucial then ever that we take steps to diversify our energy sources and reduce our dependency on foreign oil.
We need a reasonable price where producers will not start nagging. At a reasonable price, we can invest to produce more oil.
The problem is, is that President Bush and the Republican leadership in the Congress have resisted attempts to increase dramatically our fuel economy standards over the last five years.
We're one of the most highly regulated industries, and we have to pay attention to what government is doing.
New discoveries and production of resources like shale oil and gas are dramatically altering our energy supply outlook and the entire global geopolitical landscape. And the pace of change - particularly in the past few years - continues to accelerate.
We are already witnessing a transformation in the U.S. economy to increased production of lower carbon energy through fuel switching to natural gas and expansion of wind, solar, geothermal, and other renewable non-carbon intensive energy sources.