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I'm confused about natural gas
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Posted by aachenelf z5 Mpls, MN (My Page) on Tue, Sep 2, 08 at 19:19
| I just saw some ad on TV about how plentiful natural gas is in this country and how we have plenty to last 100 years. It also supported the idea of cars fueled by NG instead of oil.
My gas company just warned us that prices for heating with NG will probably go up 40-50% this winter because so many businesses are switching to this for heat. Doesn't that mean we really have a shortage if prices go up that much? The whole theory of supply and demand? What would happen if cars suddenly started using it too? I can't even imagine how much it would cost to heat a house in MN during the winter.
Kevin |
Follow-Up Postings:
RE: I'm confused about natural gas
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It is some kind of political game which is causing the prices of all types of gas to escalate. There is no good reason for these price hikes, except the current administration is supporting their greedy comrades in making big bucks on the backs of the poor and middle class.
Cheney has serious ties to big oil. Bush probably has a bunch of Texas oil cronies, too. Lorna |
RE: I'm confused about natural gas
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| there's a very good reason for the cost of fossil fuels - it takes huge investments in infrastructure to extract, move, refine and deliver them, and that investment hasn't been high enough for decades, so we're faced with demand exceeding supply .... not to mention that the primary objective of the "free market economy" is to extract the maximum profit from anything in MN, your natural gas likely comes from Canada, Kevin, and the problem there will be limited pipeline capacity causing supply limits the only reason to use natural gas or propane in cars is because it's slightly cleaner than gasoline, and in the past it's been a byproduct of oil production, therefor cheap - now that there are more uses for it [particularly chemical and fertilizer production], and folks have been pushing it as a home heating fuel instead of electricity or fuel oil, the demand has exceeded the supply face it folks, any type of petro product is NOT the "green" alternative, it's time to bite the bullet and find other energy sources as well as drasticly reduce consumption Bill |
RE: I'm confused about natural gas
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| Drlling here in PA is going gangbusters, some land owners are making big bucks leasing and on royalties. As more wells go on line the price should comt down somewhat, who knows how much. There used to be quite a few farm tractors which ran on propane, some equipment is being converted by those with wells on their property. wish they'd get drilling on my small farm, now would be fine. Speculators run the price up when they do what they do, speculate. |
RE: I'm confused about natural gas
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I agree with you Squeeze . Time for alternatives in many areas of our daily life including a different energy source .
I use propane to heat water and the house in winter . I would gladly switch to another source if I had not recently invested a lot of money into new systems and appliances .
We switched from fuel oil and electricity to propane . Not sure we will save much money but propane seems like a slightly better alternative to fuel oil for the environment . How does natural gas stack up against electricity for pollution ? |
RE: I'm confused about natural gas
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| I live in coal country and that usually equates to oil and gas country as well. I lot of the oil companies shut their wells down on private farms. Not because they didn't produce, but the cost of production made certain wells non-profitable compared to the cheap oil from the cartels. Many of the farmers just got royalties and free gas out of the deal and didn't own their own wells. But, when the companies started backing off what they thought were lower production wells, they often offered to sell the equipment and rights back to the land owners. A few smart ones sprang the dough and bought it and now they are smiling as they 'sell' their own crude back to the companies who didn't want it back then. |
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