Shared with Florida Municipal Power Agency's Board yesterday, thank goodness for U.S. Shale Revolution that doubled oil/liquid products and natural gas production over the last last 15 years to become the world's largest of both. The increase in natural gas production led by companies like EQT Corporation, ExxonMobil (via Pioneer acquisition), Expand Energy (via Chesapeake and Southwestern Energy merger), Liberty Energy, etc has so far insulated the U.S. natural gas market from prices increases due to the hostilities in Iran. This in turn has limited price increases for most of the U.S. power markets and especially Florida's power market. Any increase in natural gas prices would directly increase power prices in Florida since ~75% of the FL's power generation is from natural gas and for FMPA its 85%. With the effective closure of the Strait of Hormuz, which removes almost 20% of the global oil and LNG supply from the market, oil and gasoline prices have increased 30 - 40% and global LNG prices are up 60 - 100%. Amazingly, U.S. domestic natural gas prices are essentially unchanged from $3.10/mmbtu at the end of February. U.S. natural gas prices have remained stable even while the U.S. now exports 20% of its natural gas versus importing ~12% of its natural gas in 2010, even as U.S. consumption increased by ~50% during the period. Suffice to say the Shale Revolution has been a major competitive advantage for the U.S. in keeping energy prices lows for all most families and businesses over the last 10 years. We look forward to continued growth in U.S. oil and natural gas production to fill some of the global holes in the market while affordably serving the U.S. markets and limiting the economic harm to the U.S. economy from the hostilities. The U.S. is now, unlike 15 years ago, in such a unique position to meet its own energy needs, which the EU, Japan, South Korea, India and even China, who rely on imported oil and natural gas energy supplies from the world market and the Middle East, cannot do nearly to the extent the U.S. can.
Shared with Florida Municipal Power Agency's Board yesterday, thank goodness for U.S. Shale Revolution that doubled oil/liquid products and natural gas producti
Jacob Williams
Verified Source
2026-03-21
2 min read
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Credit: Jacob Williams
**Key Insight:** The U.S. Shale Revolution has led to a significant increase in oil and natural gas production over the last 15 years, making it the world's largest producer of both. This has helped to keep energy prices low for most families and businesses, providing a competitive advantage for the U.S. economy.
GasGx Editorial Insight
**Key Insight:** The U.S. Shale Revolution has led to a significant increase in oil and natural gas production over the last 15 years, making it the world's largest producer of both. This has helped to keep energy prices low for most families and businesses, providing a competitive advantage for the U.S. economy.
**Body Paragraph 1: Analysis of the market/tech situation**
The Shale Revolution has been a major factor in driving up oil and natural gas production in the U.S., leading to a significant increase in domestic production compared to imports. This has had a direct impact on energy prices, keeping them relatively stable despite increased global demand. The effective closure of the Strait of Hormuz has also contributed to this stability, as it removed a significant portion of global oil and LNG supply from the market.
**Body Paragraph 2: The specific operational implication**
For gas plant operators, this means that while there may be some price increases due to increased competition in the market, the overall cost of producing electricity remains relatively stable. However, this stability is contingent upon continued growth in U.S. oil and natural gas production, which could be affected by factors such as hostilities in Iran or changes in global market dynamics.
**GasGx Take:** To address these challenges, GasGx offers a range of solutions designed to help gas plant operators manage their operations more effectively. These include the "GasGx LCOE Calculator," which provides precise forecasting of future costs based on current market conditions, and the "GasGx Smart Monitoring System," which alerts operators to potential issues before they become major problems. Additionally, GasGx's data integrity reporting features can help operators stay compliant with regulations and ensure that their operations are as efficient as possible.
**Recommended SEO Tags:** "U.S. Shale Revolution," "Oil and Natural Gas Production," "Energy Prices," "Gas Plant Operators," "GasGx Solutions"
By leveraging GasGx's advanced tools and services, gas plant operators can better manage their operations, minimize costs, and remain competitive in an ever-changing energy market.
**Body Paragraph 1: Analysis of the market/tech situation**
The Shale Revolution has been a major factor in driving up oil and natural gas production in the U.S., leading to a significant increase in domestic production compared to imports. This has had a direct impact on energy prices, keeping them relatively stable despite increased global demand. The effective closure of the Strait of Hormuz has also contributed to this stability, as it removed a significant portion of global oil and LNG supply from the market.
**Body Paragraph 2: The specific operational implication**
For gas plant operators, this means that while there may be some price increases due to increased competition in the market, the overall cost of producing electricity remains relatively stable. However, this stability is contingent upon continued growth in U.S. oil and natural gas production, which could be affected by factors such as hostilities in Iran or changes in global market dynamics.
**GasGx Take:** To address these challenges, GasGx offers a range of solutions designed to help gas plant operators manage their operations more effectively. These include the "GasGx LCOE Calculator," which provides precise forecasting of future costs based on current market conditions, and the "GasGx Smart Monitoring System," which alerts operators to potential issues before they become major problems. Additionally, GasGx's data integrity reporting features can help operators stay compliant with regulations and ensure that their operations are as efficient as possible.
**Recommended SEO Tags:** "U.S. Shale Revolution," "Oil and Natural Gas Production," "Energy Prices," "Gas Plant Operators," "GasGx Solutions"
By leveraging GasGx's advanced tools and services, gas plant operators can better manage their operations, minimize costs, and remain competitive in an ever-changing energy market.
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