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Fortune
Fortune
Jordan Blum

Is overlooked gas the new investor darling over oil thanks to AI?

President Donald Trump attends the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh on July 15.

Natural gas has always been the overlooked little brother to crude oil that drives the fossil fuel industry dating back to the famed Drake Well in 1859 in Pennsylvania, which launched the U.S. oil and gas industry.

The dynamics have changed now—especially in the heart of the gassy Marcellus Shale in Pennsylvania. Gas demand is beginning to boom thanks to the electricity feeding frenzy from data centers, skyrocketing liquefied natural gas (LNG) exports, and the ongoing retirements of aging coal plants being replaced by relatively cleaner-burning gas.

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