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Can U.S. Gas Production Keep Up With Demand?
Oilprice.com ^ | 02-14-2019 | Rob The Rapper

Posted on 02/14/2019 3:58:07 PM PST by bananaman22

In the previous article, I discussed the global nature of the oil markets. But the shale oil boom in the U.S. temporarily increased the localized impact on the West Texas Intermediate (WTI) benchmark. As a result, its price diverged from that of international crudes for a few years.

The natural gas markets, on the other hand, are far more localized due to the difficulty in transporting natural gas. That means that natural gas in the U.S. could be $3 per million British thermal units (MMBtu), but double or triple that level in Japan or Europe.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: gas; gasdemand; gasprices; lng

1 posted on 02/14/2019 3:58:07 PM PST by bananaman22
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To: bananaman22

Last week they were complaining about a huge gasoline oversupply situation.


2 posted on 02/14/2019 3:59:37 PM PST by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
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To: bananaman22

If Government stays out of it we are fine
The Government won’t ... So “We Are Screwed”


3 posted on 02/14/2019 4:09:35 PM PST by TexasTransplant (Damn the Torpedoes! Full Speed Ahead!)
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To: bananaman22

We are going to be very sorry we burned up all the precious natural gas to make electricity instead of abundant coal. NG should be used for higher-value applications and coal used to make power.

Burning HUGE amounts of NG to make electricity to appease the Global Warming kooks is just insane and very short-sighted.


4 posted on 02/14/2019 4:13:08 PM PST by ProtectOurFreedom
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To: Steely Tom

Article is about natural gas, not gasoline.


5 posted on 02/14/2019 4:13:53 PM PST by ProtectOurFreedom
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To: ProtectOurFreedom

You’re right. You can run diesel trucks on natural gas, saving oil. Use coal for electricity.


6 posted on 02/14/2019 4:20:43 PM PST by SauronOfMordor (Socialists want YOUR wealth redistributed, never THEIRS!)
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To: bananaman22

Peak oil!
Peak oil!
Peak oil!

They can all doc off.


7 posted on 02/14/2019 4:21:17 PM PST by wildcard_redneck
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To: SauronOfMordor

NG is best used as a feedstock to make manmade materials and for space heating. Burning coal in your home furnace and in your kitchen is a real pain in the neck.


8 posted on 02/14/2019 4:22:09 PM PST by ProtectOurFreedom
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To: wildcard_redneck

Peak oil!
Peak oil!
Peak oil!

Peak natural gas!
Peak natural gas!
Peak natural gas!


9 posted on 02/14/2019 4:26:45 PM PST by mountainlion (Live well for those that did not make it back.)
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To: wildcard_redneck

Remember Pelosi and the RATS complaining that it would take 10 years to get enough oil out of the ground to get prices below 4.00 a gallon?

Guess what, that was over 10 years ago. And now they don’t want that oil.

What a bunch of effing idiots.


10 posted on 02/14/2019 5:13:26 PM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: ProtectOurFreedom
I'm long believed low rank fuels, like coal, should be used for massive power generation. Higher rank fuels, nat gas and petroleum based products belong in mobile equipment.
11 posted on 02/14/2019 5:55:41 PM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: bananaman22

Here is an excellent article concerning natural gas from late last year:

https://www.forbes.com/sites/jamesconca/2018/10/31/u-s-natural-gas-goes-global/#431f99967d64

rwood


12 posted on 02/14/2019 8:05:34 PM PST by Redwood71
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To: ProtectOurFreedom

EIA forecasts renewables will be fastest growing source of electricity generation
https://www.eia.gov/todayinenergy/detail.php?id=38053


13 posted on 02/14/2019 8:09:13 PM PST by ckilmer
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To: Eric in the Ozarks

Exactly. High value fuels should be used in high value applications - mobile equipment, space heating, etc.

Unfortunately, the global warming kooks have completely bamboozled the populace and they honestly believe we can get all our power from pixie dust and unicorn farts.


14 posted on 02/14/2019 8:19:13 PM PST by ProtectOurFreedom
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To: ckilmer

That is ONLY true because it is MANDATED by governments pushing the global climate change / climate catastrophe garbage. If the governments butted out, not a single windmill or solar generating plant would get built. And there would be zero difference to the climate.


15 posted on 02/14/2019 8:21:00 PM PST by ProtectOurFreedom
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To: ProtectOurFreedom

Got to take a bite at a time. Exelon has a NG pilot plant in last stage of testing which, with addition of a gasification unit, will operate on coal. The NG version will deliver combined-cycle efficiency with total combustion products capture. The coal burner is likely to fall within 47-51 percent overall efficiency.


16 posted on 02/14/2019 10:03:30 PM PST by Ozark Tom
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To: bananaman22

Kind of funny how we went from hugely dependent on outside sources and now export a lot....where was the “can we keep up” concern when we were so dependent?


17 posted on 02/15/2019 3:28:06 AM PST by trebb (Don't howl about illegal leeches while not donating to FR - it's hypocritical.)
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