Quote:
Originally Posted by calgarygeologist
Great for producers but terrible for consumers. Our heating bills would sky rocket if gas hit $12 to $15/gj. Many people seriously would not be able to heat their homes. Half of our electricity is produced by NG as well so our power bills would spike too.
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The Montney has the potential to be one of the most prolific gas plays in the world, with a world-class top 5 proven resource play. It does need higher prices for it to be viable long term, but any increase in price will drive much higher production. I think prices wont rise substantially even with significant LNG exports.