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.