Natural gas prices

Natural gas prices

PostBy: samhill On: Thu Sep 12, 2013 8:38 am

You have to wonder if the brief lower priced NG is going to come to an end soon, when I brought this up a ways back when some were complaining about East Coast refineries closing & driving gas prices up I said they were converting not closing & was told by most I was wrong. Now do you really think the great Corporations that are here to help us are going to sell our NG to us at a lower price than the world market? Remember Corp.s are people. http://www.post-gazette.com/businessnew ... 1309110157
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Natural gas prices

PostBy: Lightning On: Thu Sep 12, 2013 8:53 am

My uncle watches the stock market ticker. He said it's been going up. It's nice to be a coal burner :D
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
Coal Size/Type: Nut Size / White Ash

Re: Natural gas prices

PostBy: Richard S. On: Thu Sep 12, 2013 9:14 am

This is all you need to look at:

Image
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite


Re: Natural gas prices

PostBy: Lightning On: Thu Sep 12, 2013 9:35 am

Help me out Richard lol I don't understand what I'm looking at :oops:
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
Coal Size/Type: Nut Size / White Ash

Re: Natural gas prices

PostBy: Richard S. On: Thu Sep 12, 2013 9:51 am

You're looking at the amount of gas in storage indicated by the blue line. The solid black line is the 5 year average, the shaded area is the highs and lows.

As you can see the blue line was well above average last year well into the end of the winter which is huge surplus of gas on the market, this is why natgas has been so cheap recently. It's now returned to the 5 year average and the price will go back up.

You're certainly not going to see prices like you did in 2007 into later 2008 but it will increase. The one big question is how it's going to affect electric rates.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Natural gas prices

PostBy: Lightning On: Thu Sep 12, 2013 10:00 am

Hmmm thanks Richard. Yes electric may increase with it since so many power plants are converting to N G.
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
Coal Size/Type: Nut Size / White Ash

Re: Natural gas prices

PostBy: Richard S. On: Thu Sep 12, 2013 10:09 am

That image is dynamic and generated, won't be available until 10:30 if you can't see it.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite