And by that I mean, if we were to shut down an oil platform, would we also be shutting down drilling for natural gas? Just trying to understand how this all works. Thanks in advanced.
An oil-drilling company knows that it costs ,000 to sink a test well. If oil is hit, the income for the drilling company will be 5,000. If only natural gas is hit, the income will be 5,000. If nothing is hit, there will be no income. If the probability of hitting oil is and [...]
Examples of some of the essential products and services in question:
* Pharmaceuticals
* Medical Procedures
* Fuel such as Gasoline, Natural Gas and Electricity
* Printer Ink
Can someone please explain the basics behind trading a commodity like natural gas? Is it possible to trade natural gas at the current market price that you see day to day or is the only way to trade commodities through futures? and what is the correlation between the current day market value of natural gas [...]
Naturak gas prices. In a recent year, the price of a gallon of natural gas was .88. The price dropped2C, then rose 25C, and then dropped 43C. By how much did the price change during that period?
I got an email from the local TEA Party, part of which is below.
My reply below that.
What do you think, should America switch to natural gas?
____________________________
START
The Pickens Plan and Crony Capitalism
I still find it strange when those who claim they believe in free enterprise, limited government, reducing government intervention in the marketplace and fiscal responsibility, [...]
okay, gas was .86 in 2008.
now it’s almost $ 5.00.
Why is there not more outrage over this matter ?
he stopped oil drilling in the gulf, and refused to drill in the USA.
we have plenty of oil and natural gas that can be easily converted for our cars, so what’s the deal ?
we need [...]
Also, if it’s possible, because natural gas is so cheap, wouldn’t it much cheaper than gas/diesel? It seems like a much better option in terms of price/gallon and environmentally as well.
Lots of drilling for natural gas (fracking) where this unusual earthquake appeared.
If we move to ethanol then the price of corn is going to go through the roof. Doesn’t Obama care about food prices? Why not let the market decide which energy is best. Right now the market is moving towards Natural Gas. Why don’t the Demonrats mind their own business?
Its pollution free compared to gasoline. [...]
Im trying to write an essay on oil drilling in florida and keep coming across the term exploration block.
Here’s an example: Iraq plans to auction 12 "exploration blocks", believed to contain mostly gas reserves, in November as part of the country’s efforts to capture natural gas for electricity generation, the country’s oil minister said [...]
Why did the United States shift from coal to petroleum and natural gas when we have much larger reserves of coal that of the two hydrocarbon fuels?
Here in Ireland we have 3 private energy companies and 1 semi-State energy company. They are all increasing their prices from September, about 12% on electricity and 21% on natural gas. Not sure about home heating oil. They say this is because natural gas and electricity prices on the international markets are increasing. But what [...]
i’m a (jewish) resident of jerusalem/al quds and i just read an article in the JPost about how egyptian president mubarak forced us to pay 3x the price for natural gas that residents of egypt did. it’s annoying, but didn’t we kind of have it coming? a lot of my neighbors are virulently anti-egyptian and [...]
Look, here’s what I say… let’s open up some oil drilling in the short term, to help in the short run… maybe with some added safety regulations…
but really as a nation focus on an alternative to oil in the long run… like NASA did on getting to the moon in the 1960s…
oil and natural gas [...]
Hi,
I am looking at buying a gas log heater for warming the house in winter.
Currently we have a fujitsu ‘inverter’ reverse cycle air conditioner, which is the primary heating source for the house.
I have read that reverse cycle air conditioners are very efficient for heating the house, as they draw atmospheric heat from outside the [...]
the problem is not with lack of oil but with OPEC controlling oil prices?
Why won’t he start letting oil companies start drilling here, now!
Stop fighting the use of our resources, oil, coal, shale oil, natural gas. We have plenty to use here and to get us off of dependency, until we have viable alternative fuels.
I own five gas stations and have to hear the public complain about gas prices every day. When gas prices jumped the first time, I had to hear an endless supply of customers come in and blame Bush. According to them, It was some big plot he had unleashed on us on purpose. [...]
The Obama administration is repeating the mistakes of President Jimmy Carter’s failed energy policies, which marred his term and stigmatized the 1970s. They are leading us straight into another national energy disaster.
Key members of the Obama administration believe this friction abroad underscores the need to move away from oil and gas entirely and shift to [...]
im looking into buying a house for the frist time and it has electric basebords and natural gas my ? is can I remove the basebords or just not use them since the price is high and just use the nautral gas and can anybody give me a estimate how it woud be to heat [...]
Hi,
I am looking at buying a gas log heater for warming the house in winter.
Currently we have a fujitsu ‘inverter’ reverse cycle air conditioner, which is the primary heating source for the house.
I have read that reverse cycle air conditioners are very efficient for heating the house, as they draw atmospheric heat from outside the [...]
Yes, we still should go on with the solar panels, windmills and natural gas etc. but we will still be using oil and gas in many products like plastic etc.. for hundreds of years. We could be completely independent of the East if we would. Do you think they should drill on our [...]
Can anyone tell me who I call when US energy saving corp scammed me. They promised cheaper gas price when they knock on my door, now they are charging 10 times what I pay for my regular natural gas. I already canceled my account but they are making me paying for 2 months of their [...]
Democrats concede to allow the USA to build 5-10 Nuclear Power Plants. The power plants would be built in areas that can get the most use out of the energy and in places that the heaviest reliance on coal and natural gas. They also concede to allow more drilling for oil (in shallower water were [...]
So I live in Texas and I’ve seen a few of those giant torches around. They’re about 20-30 feet high and somehow related to drilling for oil or natural gas- I believe the company involved is Barnett Shale. Just curious how they work.