The US is a bit of an interesting case because natural gas is a byproduct of shale oil. So the effective extraction cost of natural gas there (from shale deposits) is zero. This is why natural gas prices in the US are so cheap and they are building so much LNG capacity. Also explains the rapid shift away from coal to gas in their electricity system (see https://ourworldindata.org/grapher/share-elec-by-source?country=~USA
Compared to Australia
The US is a bit of an interesting case because natural gas is a...
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Last
$8.94 |
Change
0.020(0.22%) |
Mkt cap ! $7.479B | |||
| Open | High | Low | Value | Volume |
| $8.95 | $8.98 | $8.77 | $42.43M | 4.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 610 | $8.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.95 | 20555 | 6 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |