Saving the Gas Industry
Per a recent article in the WSJ, many American natural-gas producers have drilled themselves into a financial hole. Production increases have left the market oversupplied by four or five billion cubic feet per day. This has led to declining prices at the same time that many producers have stretched their credit limits to fund new drilling projects.
The potential white knight (according to the article) - new environmental legislation designed to curb carbon dioxide emissions. (Subscription required.)
