This deep dive provides an in-depth look at the natural gas market in the United States, explaining its significant economic impact and outlining the physical and financial aspects of the industry. It details the jurisdiction of the Federal Energy Regulatory Commission (FERC) in regulating interstate transportation and sales, as well as the infrastructure involved, including pipelines and LNG terminals. The text also discusses the different ways natural gas is found and processed, differentiating between conventional and unconventional sources, highlighting the transformative effect of the shale revolution on production and exports, and analyzing the key drivers of natural gas demand across various sectors, such as power generation, industrial, residential, and commercial uses.