Gas, Gas Everywhere

Billions are being pumped into new U.S. natural gas exploration, leading to a jump in production, lower prices, and a lot of rich Texans
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In the oil patch, they are calling it the "shale sweepstakes"—a fevered rush to purchase drilling rights to natural gas that lies deep in deposits of shale rock. Output from these fields has been on a rocket ride for the past four years. It is the reason why natural gas production overall in the U.S. is expected to jump 8% in 2008, after nearly a decade of no growth.

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