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IBISWorld Business Environment Report World price of natural gas in the US November 2011   Estimated Value in 2011: $7.99 per thousand cubic feet 2006-2011 Compound Growth: 3.7% Forecast Value for 2016: $9.14 per thousand cubic feet 2011-2016 Compound Growth: 2.7% The world price of natural gas is represented annually by the equally weighted monthly averages of the Russian natural gas border price in Germany, the Indonesian liquefied natural gas price in Japan and the natural gas spot price at the Henry Hub in Louisiana. Data is sourced from the International Monetary Fund.

Pennsylvania sits atop one of the largest natural gas deposits in the world. The Marcellus shale formation could hold enough recoverable natural gas to fuel the nation's gas needs for 19 years. New drilling technology means that drillers are just now star