War, Wind and Solar Spell Trouble for Gas Bulls
With supply rising rapidly and use in power generation threatened, overseas demand for LNG is the only bright spot around.
Smoke clouds on the horizon.
Photographer: David Paul Morris/Bloomberg
It is a year since the outbreak of the war on gas stoves, when a federal official’s musings about potentially banning them to improve indoor air quality sparked one of the more absurd conflicts that daily addle US politics. Gas bulls have less to fear from shadowy stove agents; more from an unlikely pairing of Middle Eastern politicos and militants with American cleantech developers.
US gas has enjoyed an extraordinarily successful two decades. Production has more than doubled. Consumption has risen by almost half, with gas definitively displacing coal as the No. 1 fuel for generating electricity.