Natural Gas cost by winter to triple?

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Discussion Overview

The discussion centers around the anticipated rise in natural gas prices for the upcoming winter, with some participants expressing concerns about the potential impact on heating costs. The conversation touches on various aspects of energy pricing, alternative energy solutions, and the relationship between natural gas and oil markets.

Discussion Character

  • Debate/contested
  • Exploratory
  • Technical explanation

Main Points Raised

  • One participant reports being informed by a gas company that natural gas prices may reach $3.00 per therm, up from $1.45, leading to significantly higher heating bills.
  • Another participant questions whether this price increase would lead to more funding for alternative energy research.
  • A different viewpoint suggests a humorous approach to energy issues by proposing the burning of tires as a recycling solution.
  • Concerns are raised about rising natural gas bills, with one participant noting their bill has doubled compared to two years ago.
  • Some participants discuss their heating methods, with one expressing satisfaction with wood heating and skepticism about the long-term viability of wood pellet stoves due to potential price tracking with gas and oil.
  • One participant expresses doubt about the likelihood of natural gas prices doubling, noting that it is not a product of oil, while another agrees that a smaller increase is more realistic.
  • There is confusion among participants regarding the relationship between natural gas and oil production, with questions about the extraction and refinement processes.
  • Speculation in the energy market is mentioned as a factor that could influence natural gas prices.

Areas of Agreement / Disagreement

Participants express a range of opinions on the future of natural gas prices, with some agreeing that an increase is likely, while others dispute the extent of the increase. The discussion remains unresolved regarding the exact impact of oil prices on natural gas and the potential for alternative energy solutions.

Contextual Notes

There are varying assumptions about the relationship between natural gas and oil, as well as differing views on the implications of market speculation. Some participants reference anecdotal experiences with energy costs, which may not reflect broader trends.

rewebster
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"Today in talking to the gas company - I was told they are thinking the price of Natural Gas may reach $3.00 a therm by this winter.

The current price is $1.45 a therm, on my last bill it was $1.24. Remember a winter ago people where upset at $1.10 a therm.

That means bills that may be typically $200.00 to $300,00 in January may approach a $1,000 for one month of gas use. "


http://evanstonnow.com/government/junad-rizki/blog-entry/2008/07/02/natural-gas-cost-by-winter-to-triple-3-00-per-therm-and


my, my----
 
Science news on Phys.org
Does that mean alternative energies research would receive more funding and focus?
So, a innovative solution to our all energy problems is near?
 
Just burn tires rew. Recycling is good, right? :rolleyes:
 
I had heard anything about natural gas for this coming winter---probably due to gasoline, oil, housing mortgage problems, Iraq, etc.-----I just got my natural gas bill, and went--"WTF?!"---for a summer month, it's about double what it was about two years ago,-and then started thinking about the upcoming winter.

(yep---saving all the tires, plastic bottles, and junk mail for the grill in the living room this winter--just to the left of the TV)
 
I'm glad we heat with wood. I paid $800 for 5 cords (more than enough for the winter). A co-worker of my wife just paid over $700 to get her heating oil tank topped off and is looking at maybe $3000-4000 to heat her place this winter. Some people have switched over to wood pellet stoves. Stupid move, because once people get locked into these stoves, the price of the pellets will track the price of gas and oil. If the economy collapses, this county is full of rednecks with chain saws that will gladly deliver firewood cheap for cash.
 
"this county is full of rednecks "

I think they spilled over to my neck of the woods too
 
Since natural gas is not a product of oil, I find it very unlikely that natural gas prices will double this year. Propane(which is derived from oil), on the other hand, has been skyrocketing.
 
russ_watters said:
Since natural gas is not a product of oil, I find it very unlikely that natural gas prices will double this year. Propane(which is derived from oil), on the other hand, has been skyrocketing.

betcha a nickel that it goes up by at least 25 or 30%
 
I thought natural gas came out of oil wells? But it doesn't have to be refined the way crude does.

Also, with the new more difficult measures to remove and refine deeper gulf oil and shale oil, will it effect natural gas any?

Alos, how is the production of petroleum jelley going to be affected?
 
  • #10
its all 'energy' and energy stocks, natural gas included---except for grape
 
  • #11
As for the price of natural gas; anything that can be affected by speculation is probably going to be affected by speculation.

Natural gas is a commodity included in the Enron loophole.
 
  • #12
rewebster said:
betcha a nickel that it goes up by at least 25 or 30%
No bet - I think 25% is a realistic possibility.
 

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