Richard S. wrote:People are going to gravitate towards NG because of the low prices and those low prices will surge as demand grows....
I think it is a "lost leader" right now, very cheap...and lots of homes/institutions are converting. Eventually the price will climb, and when it starts being used to replace our coal-fired kilowatts...the price will climb even more.
Richard S. wrote: Remember oil below a $1 a little more than a decade ago?
I sure do. Around that time my dad was able to pre-buy diesel fuel for $0.68 per gallon for the farm.
2000 gallons per year to heat the farm house...no problem, fill 'er up. Things are sure different now! I know a few guys that have been heating their homes with Axeman Anderson boilers since 1980, they said there were times when it would have been easier/cheaper to burn oil, but they are sure glad they stuck it out and stayed with anthracite.