Natural Gas Is Crushing Wind and Solar Power
Natural Gas Is Crushing Wind and Solar Power Stephen Moore February 25, 2020 Updated: February 26, 2020 Commentary The U.S. Energy Information Administration just announced some spectacular news that should be banner headlines across the country: The price of natural gas has fallen to its lowest February level in 20 years. The data shows that natural gas prices fell to $1.77 per million British thermal units. In inflation-adjusted terms, the price of gas has plunged by some 80 percent since its high of $13.60 12 years ago. The price is down 90 percent since 2005, when prices hit nearly $20. (Quick: Can you think of anything else that now costs one-tenth of what it did 15 years ago?) The Energy Information Administration also reports that U.S. natural gas production has hit an all-time high this year. The shale oil and gas revolution keeps rolling on—but no one is...