U.S. Shale Gas and Oil Already Lowering Global Prices
Wednesday, May 22, 2013
Recent growth in U.S. energy production has helped reduce the price of Brent crude, a major benchmark commodity, by $25 a barrel, according to Energy Tomorrow. It’s big news because the price of crude is the single largest factor in the price of gasoline.
Energy Tomorrow is a blog produced by the American Petroleum Institute, a national trade association representing all aspects of America’s oil and gas industry.
What is the cause of such an increase in domestic energy production? Hydraulic fracturing and horizontal drilling, according to the blog.
» Via: Energy Tomorrow › Rising U.S. Oil Supply and the Impact on Global Markets
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Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.