Posted on 09/29/2005 2:21:42 PM PDT by M. Espinola
I notice that company managment never ever suffers losses -- only consumers do. Why is that? Why do corporate salaries continue high even in the face of catastrophic losses while consumers are forced to suffer declines in income because of increased prices due to those catastrophic losses? Why are companies insulated against such losses? Why don't those executives suffer cut backs in thier salaries? Why shouldn't each and every one of them have to assume a 30% or 40% reduction in pay because of adverse conditions causing loss?
I'm sure glad I heat with ground-source geothermal plus wood stove, and have 6.5 cent/Kwh hydroelectricity. Zero natural gas or heating oil consumption.
1.08 ccf in Houston last month, ouch.
Who's setting their rates for them? The government of Utah? If so, the Utah government should butt out and let the market work.
Key word is over, way over. I noticed this 5 years ago, they hate to send out an alarm to unsuspecting customers.
With the 2nd lowest gas rates in the country, that ain't gonna happen on my watch.
But it's so clean burning and enviro friendly!
I don't think we have seen nada yet with Natural Gas prices, nor trending chart tops in the rest of the energies. The weather may not be the only ingredient jacking up prices this winter. Iran, as in nuclear threat, I believe has the very real volatile potential of rocketing energy and metal prices through the roof.
What you stated is all true. You know the Edison company and other utilities companies will be pushing customer bills to near unaffordable levels. Those which have been in the energy market in terms of stocks and or commodities have made out but the rest of the public has not.
Since Natural Gas and other petroleum based products are so interwoven within the general economy it looks like we are in the beginning adverse stages of what I term a 'Petrol-Inflationary Spiral', unless somehow the present cycle can be reversed, we shall be confronted with another 'energy' triggered economic decline on a world-wide basis.
Byproducts of Natural Gas:
* Ammonium sulfate is an agricultural fertilizer marketed under the name, Dak Sul 45®. Approximately 110,000 tons are produced yearly by a flue gas desulfurization system.
* Anhydrous ammonia is used as fertilizer for farming and as a feedstock for producing various chemicals. Dakota Gasification Company has the ability to produce about 400,000 tons per year and operates a railcar fleet of about 238 cars.
* Carbon dioxide is used for enhanced oil recovery. About 40.2 billion standard cubic feet are produced annually.
* Dephenolized cresylic acid is used in the manufacture of pesticides and products such as wire enamel solvent, phenolic and epoxy resins and antioxidants. About 33 million pounds are produced annually.
* Krypton and xenon gases are used for specialty lighting, such as high-intensity lighting and lasers, and for thermopane window insulation. About 3.1 million liters of krypton-xenon are produced annually.
* Liquid nitrogen is used for food processing refrigeration, as an oil well additive and in chemical processes. We produce about 24 million gallons of liquid nitrogen each year.
* Naphtha contains products that can be used as a gasoline blend stock, in making solvents and in benzene production. We produce about 7 million gallons a year.
* Phenol is used for the production of resins in plywood manufacturing and in the casting industry. We produce 33 million pounds of phenol annually.
Your chart looks cheap. Jan NG closed just under a buck 50 today.
I believe you are making a wise decision. If you can & have storage room, lock in current prices and stock up now. Coal like anything interconnected with heating will be rising to unheard of levels.
This link should be of interest. Coal News and Markets Week of September 25th, 2005
If you live near a mine, they will put a ton of coal on your pickup for 15 to 25 bucks. It is that cheap....
I blame California, building powerplants that burn NG for electricity is insane, especially in a country like ours that has 300 years worth of coal.
It's a vicious circle. This coming winter will be one to forget. Maybe 'global warming' (Summer heat) will extend into the winter months.
I need to do what you have, copyright all typos & errors lol
I work for a natural gas utility (a small one). This year is going to stink for us. We make the same amount per MCF regardless of price, and at prices this high people will use less or switch to some other heat source. That's the market for you.
Cali, the land of pinko fruits and commie nuts. Maybe Arnold can get things back on track out there.
Arnold may yet turn out to be half decent, but his largest blindspot is catering to the envirowhackos.
If natural gas gets any higher, expect high electric consumption in the US as other people make the same calculation
Yet another reason to build more nuke power plants
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