Gas Prices Doomed To Stay Low? Two Articles
Here are two articles that I found very interesting. They tend to convince me that natgas is in a long term bear market simply because of supply and demand. We have a lot of gas. See how much that we did not even realize. I'd be interested in feedback on the long term supplies of natural gas.
This article is from Bloomberg. It is about how the companies must pump more to pay debt. We've read about this before, but this article ties it directly to low prices and the companies inability to keep the agreements to withhold gas from the market. They have to pump to pay debt.
http://www.sfgate.com/business/bloomberg/article/Gas-Prices-Doomed-...
Here is the National Geographic about methane gas - its risks and its abundance. It's a good article because there is something for all sides to argue about. Neither the environmentalists nor the industry will be pleased with this article. Check out how much methane may be getting released in the artic (no matter why) We may have to use the methane to avoid climate change.
http://ngm.nationalgeographic.com/2012/12/methane/lavelle-text
Put these articles together and you have a huge supply of natural gas and oil. It may be bigger than anyone ever dreamed, so big that prices will remain low for decades. We need more uses for all this gas. Quickly. We need a major research and development effort on natgas and methane.
Or, some people choose to believe the "Peak Natural Gas" fears - that we will run out in just a few years. However, these articles indicate that even if the big companies run out of all their gas, the earth still has a lot of it.
heck, it's hard to be hopeful for natural gas, but I try to be :)
HANG
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Replies to This Discussion
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Permalink Reply by Hopeful About Natural Gas on
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Suppose we have much more gas then we thought - plus a lot of excess methane from numerous sources? The need to develop more uses for nat gas becomes much greater.
Personally, I think there are a lot of creative younger people in the field and a wide range of future products that could be developed.
The nat geo article makes me wonder if we ought not to ask every smart kid in the world to start thinking of ways to use natural gas. Weave it into all your lesson plans.
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Permalink Reply by Max on
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HANG, good idea. Years ago, I remember the quest to use water for fuel, plenty of it and we'll never run out. Only one big problem to over come, energy input verses energy output.
NG looks like a good resource to supply cheap hydrogen. Hydrogen fuel would be pollution free and the carbon recovered from the fuel manufacturing process would already be contained and easy to disposed of compared to trying to remove it from the atmosphere.
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Permalink Reply by Max on
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Keep it away from Oxygen and it's OK. Small leaks in large areas usually go unnoticed, but a leak of several PSI can ignite fairly easily. Static electricity can set it off, or, if there is enough heat present, it'll flame up in a heartbeat.
We use to fill garbage bags with a hydrogen/acetylene/oxygen mixture and attach a long burning rag for a fuse. The bag would reach several hundred feet up in the air before the rag ignited the mixture. The resulting explosion and fire ball was a real site, and we had to act surprised when the shift supervisor sent us to investigate.
A bag with only hydrogen in it will not explode, it only makes a large fire ball when the burning rag sets it off. Although, several bags launched at the same time will fool people into thinking they've seen a UFO....
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Permalink Reply by Krkyoldhag on
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Wasn't the blimp fueled with it? The Hindenburg?
So far as uses of NG...its out there..just have to have access to it. I would switch over to gas fridge... had a Kelvinator and was great appliance... and freezer, already gas dryer..in a heartbeat. But I still feel the key to the market is that our vehicles use it. Way past time for that to happen.
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Permalink Reply by Two Dogs, Pirate on -
Got to ground the bag first or the static from the bag will set it off.
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