biggest cause of recent increases in demand for natural gas is the amount that it takes to boil ethanol out of corn mash
Industrial use of natural gas has gone down slightly, not up.
biggest cause of recent increases in demand for natural gas is the amount that it takes to boil ethanol out of corn mash
Industrial use of natural gas has gone down slightly, not up.
The author compares the natural gas market to that for gasoline by which to support the bogus contention that increasing drilling does not reduce prices. Hence, it was natural to ask if in fact there had been an increase in demand and then to seek a cause.
Natural gas consumption as a feedstock for gasoline has increased in that producing corn ethanol requires fertilizer and heating for distillation, both of which use a lot of gas, although the former is probably a substitution for some other agricultural product. It was rational to ask if the relatively recent and Federally mandated addition of ethanol to gasoline increased natural gas demand.
Thanks for the data. It shows a baseline increase of 10% over the last year, which is more recent than the addition of high levels of ethanol in gasoline nor is it enough to explain the prices that we are seeing as a demand pull.