The latest edition to Pennsylvania's vast natural gas reserves, the Mercellus Shale find, is our only hope in this state to recover from de-investment since the steel industry was obliterated in the 1970s, and the coal industry before that.
Since NatGas prices are now trading at obscenely low levels, I'm hoping for more expansion (and driller taxation) in my state to at least make up somewhat for 30 years of economic decline, and the expectation is that NatGas prices now have nowhere to go but back up after perhaps another 12-20 month plateau until more coal-fired power plants are retired and gas-generated electricity expands.
Home consumption of natural gas in Pennsylvania is starting to expand after years of decline. Most PA electric companies will be allowed to jack up rates starting in 2011, which means any homeowner who moved off gas or oil heat to cheap and ineffecient forced-air electric heating elements to save money will now be royally screwed.
There's a lot of local companies around the Philadelphia area who are making a mint converting newer houses off electric heating back on to Natural Gas and those who are giving up oil heat are picking forced-air gas furnaces instead.
I am soon to buy a new home, and not only does my water heater and my furnace run off gas, but I will be switching my 240V electric clothes dryer (120V powers the motor, 240V goes to the heating element) to a low power 120V electric/gas dryer. Gas clothes dryers also dry your clothes quicker than all-electric models do with a more even application of heat.