Natural gas prices hit record lows

[Truthseeker420]

Typically you only hear about gas prices being too high or on the rise.

But there's good news today concerning natural gas prices that are at a record low.

The past few years they've been going down steadily.

“We do expect to see these prices maintain at these low levels at least the next few years,” says Nick Meyer from NIPSCO.

It's good news for businesses or any customer that uses natural gas.

Like at the YMCA, where they keep their pool heated year round.using natural gas. They just signed a two year deal at the current gas price, which is at a record low.

NIPSCO’s gas price history shows a steady decline.

For example right now rates are just under 15 cents per therm, however four years ago it was $1.09 a therm.

“Every dollar that we have to spend on utilities is less that we have to spend on swimming lessons or for people in need in our community,” says Beth Mengel from the YMCA,

Natural gas prices were the highest four years ago at a $1.72 a therm.

Meyer says the rates are lower because of a larger supply created with the construction of a large gas line in the north eastern part of the country.

Natural gas prices hit record lows

 

[buckeye45_73]

so why do liberals hate fracking? Matt Damon has a movie demonizing the practice....

 

[CrusaderFrank]

This is why progs are pulling out all the stops for Obama
Romney's energy policy will revitalize the economy and send the dem party back to Moscow

 

[buckeye45_73]

This is why progs are pulling out all the stops for Obama
Romney's energy policy will revitalize the economy and send the dem party back to Moscow

No kidding, they now back fracking and natural gas.....but only for now....liberals never are consistant...it's always for the short term game

 

[whitehall]

I thought the radical left hated fossil fuel. You almost gotta laugh, all across the board the left tables their neo-socialist and radical environment core beliefs to pretend that the economy is hunky dory. Since we all don't enjoy the comforts of the YMCA look up the price of natural gas for homeowners. It is as shockingly high as it ever was. While you are at it take a look at the poor people in NY and NJ standing in gas lines.

 

[g5000]

We are sitting on an ocean of natural gas. That is why many industries which used to get their power from coal are switching to gas.

But looking at a snapshot of natural gas prices and trying to make something out of it is taking a position from ignorance.

Natural gas prices are among the most volatile out there. You better know what you are doing if you trade in natural gas.

.

 

[waltky]

British gov't. thumbs their nose at anti-fracking protesters...

Gas fracking: Ministers approve shale gas extraction
13 December 2012 - Cuadrilla CEO Francis Egan: "The country is running out of gas, our choice would be to develop our own shale gas resources"

The government has given the go-ahead for a firm to resume the controversial technique known as fracking to exploit gas in Lancashire. The company, Cuadrilla, was stopped from fracking after two tremors near Blackpool. Conditions have been imposed to minimise the risk of seismic activity. In fracking, a mixture of water, sand and some chemicals is pumped into a well under high pressure to force the gas from the rock. Energy Secretary Ed Davey said shale gas was a promising new potential energy resource for the UK. It might contribute significantly to energy security and substitute for imports which are increasing as North Sea gas is decreasing.

But he warned against over-excitement: "We are still in the very early stages of shale gas exploration in the UK and it is likely to develop slowly. "It is essential that its development should not come at the expense of local communities or the environment. Fracking must be safe and the public must be confident that it is safe." He said the government had uncovered management weaknesses in Cuadrilla following the minor earthquakes. These had been put right, he said. He said impacts on water and local air pollution were already covered by the UK's existing "stringent" rules on oil and gas.

'Better solution'

Mr Davey said the advent of shale gas would not weaken the UK's legally binding targets to cut greenhouse gas emissions. He announced a study from the Department for Energy and Climate Change (DECC) chief scientist David McKay on the impact of shale gas on climate change. But he asked: "Is it not better that we produce gas in this country than gas shipped half way across the world?" He said his view was that, overall, greenhouse gases from shale gas in the UK might only be slightly greater than importing gas exploited in the conventional way. In the US, exploitation of shale gas boom has sent energy prices tumbling, and the Prime Minister has expressed hopes that the UK can enjoy a similar boom.

But government advisers warn today that shale gas may be unlikely to bring down energy prices much in Britain. In fact, the Committee on Climate Change warns that relying heavily on gas for future electricity supplies would leave households vulnerable to higher bills in the long run as the price of gas on the international market is volatile. The UK won't benefit from substantially lower prices unless the rest of Europe decides to back shale gas too, as Europe has a gas grid that allows gas to be traded to the highest bidder.

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