Replies to This Discussion

Permalink Reply by DrWAVeSport Cd1 on September 6, 2008 at 8:41

JK,

You are 100% right! I totally agee with your insight/comments!

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Permalink Reply by North LA on September 6, 2008 at 8:39

Do any of you remember the 80s? We have to work with these companies to make sure they prosper so that we may also. Some of you act like Chesapeake and the other gas companies are the enemy. They aren't! We have a chance to bring billions of dollars into LA and to make this a better state. It's great to be informed and to try and get the largest lease/royalty possible but don't take it so personel.

OPEC knows how to manipulate the system to get oil prices down when their monopoly is threatened by any type of alternative fuel. I can tell you 100% that OPEC doesn't care what your gas is worth as long as it's close to $0. With this excessive supply of natural gas you'll see a steep drop in prices if we don't have other markets such as CNG. Then you'll never get screwed by the gas companies because they'll all be bankrupt.

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Permalink Reply by Martin on September 6, 2008 at 9:19

Folks -- here's a slightly tongue in cheek strategy: The feds subsidize the construction of several NG liquefaction plants on the East, Gulf coast, and the West coast. With supporting NG pipe lines. Then we irritate the Russians to the point where they shut off their NG and crude oil sales to Europe. Then we have a very large market for the shale gas. At higher than USA market prices. Of course, the open market price for crude oil would also go up. But that would only encourage the use of CNG for vehicle fuel. No -- no one would think like that -- would they?

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Permalink Reply by DrWAVeSport Cd1 on September 6, 2008 at 9:30

Martin,

The "Feds" have been riding in the back pockets of the Oil Companies for a very long time. To effect a change of that magnitude, we may be looking at a worse case scenario than the one you suggest. I hope not. We need to move before we hear OPEC call out "checkmate."

DrWAVeSport 9/6/08

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Permalink Reply by Martin on September 10, 2008 at 9:39

Dr Wave --
Would that be "checkmate" or "you're broke. Pay us in Euros."

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Permalink Reply by Grice on September 6, 2008 at 10:28

On September 15th, Mr. Lukken will stand before congress and provide testimony for the need of tighter regulations for market speculators. He will show how the speculators are able to influence the market, and why there needs to be more regulations of such activities.

Back in June, congress had already shown a concern for the rise in oil prices, but needed more evidence as to the cause, before they could make any decisions. Mr. Lukken is scheduled to provide the evidence needed, so congress can determine the need for increased regulations of market speculators. This would be a modest attempt to lower the price of oil. When the increased regulations placed on speculators does not provide substantial control over the cost of oil, congress will need to look at other methods to help stabilize our resources.

This will be a major "boost" for the NG market, as NG will be positioned to provide the stabilization needed. With the increased awareness that CNG Now is introducing, it would be near impossible for congress to overlook the potential that NG brings. This campaign will help pass future legislation that would be in support for the use of NG. The House has already passed H.R. 6052 (vote 98/14), and is waiting for senate to approval. This is just one sign of things changing for the better.

With the campaign by CNG Now, the testimony given by Mr. Lukken, the congressional intervention of market speculators, and the anticpated approval of 6052, the NG market stands to become the savior to our economic worries. The money spent today, promoting the need for NG, will more than pay for itself in the future.

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Permalink Reply by North LA on September 6, 2008 at 12:28

We already have laws to control speculation here. The problem is speculation overseas. We can't control those markets. The oil market is too unstable with Iran/Russia/China. We have no control over our energy supply and that is a threat to our countries well being.

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Permalink Reply by Grice on September 6, 2008 at 12:49

Yes, we already have laws to control speculation...just not enough. From what I read, its not about creating a new policy, but rather the tightening of an existing one.

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Permalink Reply by North LA on September 6, 2008 at 13:10

correction: (should be country's)

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Permalink Reply by Martin on September 10, 2008 at 9:41

Due to lack of desire in the executive branch, we don't regulate the crude oil futures market.

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Permalink Reply by Har C2 on September 6, 2008 at 14:49

Gasoline Demand Destruction---in otherwords, people are staying close to home, carpooling, etc......, which causes them to buy less gallons of gasoline........which means the State and Feds are not getting their normal tax per gallon.........which means less taxes for government.

Something has to shake loose. I am hoping the gasoline prices stay high until after this election.

USA is primed for alternative fuel sources unless gas prices come down and we get selective amnesia.

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Permalink Reply by P.G. on September 6, 2008 at 16:54

It would be best if they could come up with a hybrid vehicle that could use either gasoline or nat. gas., consumer's choice! That would help stabilize prices as there would be ample supplies. If gasoline were totally dropped for nat gas, then the government would have to eventually crack down nat gas markets when they spun out of control. We all would be better off with stability. Folks having a choice of fuels would keep energy producers honest.

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