Holy toledo! We have a gas glut!!

Discussion in 'Energy' started by tinydancer, Nov 9, 2010.

  1. tinydancer
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    tinydancer Diamond Member

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    Ah, let's see now. I thought I'd heard several rumours over the years *cough* that we were running out of fossil fuels. Well according to the experts.....

    Did anyone else hear those rumours? Cause guess what?

    Gas glut threatens investment in renewables sector, IEA warns• Liquefied gas capacity will shoot up 47% by the end of 2013
    • Shell and Exxon-Mobil are repositioning as gas producers


    from the article:

    The world faces a long term gas glut because of recent technical advances which have made possible the exploitation of previously untapped shale gas, coal bed methane and tight gas deposits, mostly in the US, China and Australia.

    The IEA, publishing its annual world energy outlook now estimates that 35% of the increase in global gas production to 2035 will come from such unconventional projects.

    Last year it estimated that unconventional gas production would account for 20% of the growth, although this covered the period 2007 – 2030. Gas is also the only fossil fuel for which it expects demand to grow by 2035.


    I love days like this. :eusa_angel: It's not the end of the world after all.

    Gas glut threatens investment in renewables sector, IEA warns | Business | The Guardian
     
  2. mdn2000
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    mdn2000 BANNED

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    The IEA, the unconventional projects that will increase demand for gas production are Solar Panel and Wind Mill production
     
  3. Big Fitz
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    Big Fitz User Quit *****

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    mmmmmm chicken little and biscuits. That's gooooooood eatin.
     
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  4. uscitizen
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    uscitizen Senior Member

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    I am sure that the major energy players are currently positioning themselves to control the glut to keep the prices up.
     
  5. mdn2000
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    mdn2000 BANNED

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    That is what anyone and everyone does that runs a business, without profit there is no gas, things arent free.

    The only reason gas prices are high are the fools who buy it, in Californian gas is 13 cent more expensive at Chevron compared to independent gas station, still people buy the more expensive gas. If everyone shopped the lowest price, prices will fall, people are dumb though.
     
  6. uscitizen
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    uscitizen Senior Member

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    Umm I believe this is about natural gas.

    and yes they must make a profit, but monopolizing the product?
    We need competition.
     
    Last edited: Nov 9, 2010
  7. mdn2000
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    mdn2000 BANNED

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    About 2 bucks a gallon or is that pound, I forget.

    Natural gas, no wonder there are no posts. I did my best.
     
  8. uscitizen
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    uscitizen Senior Member

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    I made a big pot of chili the other day, plenty of natural gas around here.

    Natural gas is sold by the MCF, that is per 1,000 cubic ft as I recall, but not sure of the pressure it is sold at. 6 psi? I forget.
     
    Last edited: Nov 9, 2010
  9. mdn2000
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    mdn2000 BANNED

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    I am way off track, I was thinking propane I refill at the gas station.

    How about that natural gas, it should get pumped into each house, we could use the natural gas to cool us down from all this global warming.
     
  10. uscitizen
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    uscitizen Senior Member

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    They are also making LNG Liquified Natural Gas. Similar to propane. Make it feasable to transport NG in liquid form from the ME and places and not have to use a pipeline.
     

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