Mr. H.
Diamond Member
So, why then is gas over $3.00 a gallon in my area now????????
I think the thread is about natural gas.
Gasoline is high because crude is high. I wish I was high.
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So, why then is gas over $3.00 a gallon in my area now????????
Crude oil is high, even though it costs about $17 a barrel to produce. Food is high because the drougth in Russia created a 30 million + ton shortfall in wheat alone. Then there were the flood that destroyed almost the totallity of crops in Pakistan, as well as much of the crops in areas of China.
So we get to pay more for the fuel that creates the situation that makes food prices higher. Irony just doesn't get any better than this. And most of the members of this board are cheering the whole process on. And completely resisting any ideas that would alleviate this cycle of insanity.
Gotta love it!
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. It's not the end of the world after all.
Gas glut threatens investment in renewables sector, IEA warns | Business | The Guardian