nat. gas prices,, dam

[jyro]

PRUDHOE BAY, Alaska — The U.S. government's latest estimate is that 200 trillion cubic feet of natural gas (search) lies beneath Alaska — enough to heat millions of American homes for a century.

Just one problem — no method exists for getting it from the tundra to the rest of the American states; the price tag is too high.

I bought propane today for 1.85 a gallon, last year it was .95. My tank holds 500 gallons.

[mikeb]

There have been plans since the 1960's to build a pipeline to get that gas to the lower 48 states. The best route for the pipeline has been mired in controversy by the tree huggers. The longer route would work but it costs more. Neither route has been economically viable yet. And of course the tree huggers are also against drilling in Alaska.

A great number of electric generating plants are natural gas fired, and natural gas prices have risen enough that's it become profitable to ship in LNG again from foreign countries. The existing LNG terminals sat idle for years up until just recently.

A friend of mine deals with natural gas properties and he told me a couple of years ago that these properties were red hot and were being bought up by the big boys. It also appears that most of the natural gas resources in the lower 48 states may have already been found; finding new gas fields is becoming harder and harder.

So natural gas is becoming yet another critically important, scarce energy source that is increasingly being imported. Look for natural gas (and hence electric rates) to continue to climb in the near future.

[black01gt]

The salt domes all across the south, which store natural gas are full to the max, and can't hold any more. There are hundreds of tankers sitting off shore full of LNG, and the Barnett-Shale natural gas field that runs from somewhere north of Denton down thru Ft. Worth, Mansfield, and on down towards Corsicana is predicted to be one of the largest fields in the world.
No shortage, just high prices. :confused:

[AL P]

The salt domes all across the south, which store natural gas are full to the max, and can't hold any more. There are hundreds of tankers sitting off shore full of LNG, and the Barnett-Shale natural gas field that runs from somewhere north of Denton down thru Ft. Worth, Mansfield, and on down towards Corsicana is predicted to be one of the largest fields in the world.
No shortage, just high prices. :confused:

Source?

[mikeb]

Yeah, i'm curious about that given what my friend who is in the business told me.

[black01gt]

Eyes, ears, energy consultant buddies that are in the industry, and the good ole Ft Worth Star Telegram.
It sure as hell wasn't Cheney!

[black01gt]

Yeah, i'm curious about that given what my friend who is in the business told me.
Are you watching the development of the Barnett-Shale field?

[mikeb]

Here's a guy with a different opinion.

http://www.ipaa.org/govtrelations/testimony/Bruce_Thompson7-10-2003.asp

[black01gt]

Here's a guy with a different opinion.

http://www.ipaa.org/govtrelations/testimony/Bruce_Thompson7-10-2003.asp
His opinion.
If you want to charge more, and drill more gov't land say...."shortage".

[mikeb]

Well, could be. Do you have any links to your references? I know i'm freaking sick of paying high natural gas bills.

[black01gt]

And don't forget...electric bills!
No links. Too much like college research.
In Dec 2002, within 7 days, rates went from $3 kBTU where they had been for years, to spiking up to $9 kBTU for a few days, then calming back down to $6 which was still, the highest on record. The urgentsy at the time was that there were Winter storms up North at the time. No shit...that's never happened before!?
It has been hovering at around $5.8 recently. I see it as like at $2 per gallon of gas, soon we'll think that $1.85 is quite a bargain.

[AL P]

No links.

Of course not.

[01WhiteCobra]

A link? We would like to see a link...

If it a link about natural gas, it will link to a picture of Al P's bung hole.

[mikeb]

If it a link about natural gas, it will link to a picture of Al P's bung hole.

Might make enough to power a small neighborhood.

[Dolomite]

I don't know about "largest field in the world", but the Barnett Shale is a large natural gas field. I live smack in the middle of it, and I see at least one new rig a week.

Devon Energy has the largest number of wells:

http://www.dvn.com/operations/features/corpnews_barnett_shale.aspx?disclaimer=yes

Devon has drilled about 800 wells into the Barnett Shale since 2001. Use of fracturing technology has helped Devon increase its Barnett production from 345 million cubic feet of natural gas equivalent per day to nearly 600 million today.

I bought propane today for 1.85 a gallon, last year it was .95. My tank holds 500 gallons.

Last year, when? I filled a 250 gallon tank two times last year, and it was above $1.00 a gallon both times.

[black01gt]

Of course not.
OK...here's you a "link"! (grabbing my crotch, duh) Happy now?

[black01gt]

I don't know about "largest field in the world", but the Barnett Shale is a large natural gas field. I live smack in the middle of it, and I see at least one new rig a week.


What I said was "it was predicted to be ONE OF THE largest fields in the world."
But...I have heard noise that it could end up being THE LARGEST....
There is much to be learned yet, but, as you mentioned, it's happening fast.

[AL P]

OK...here's you a "link"! (grabbing my crotch, duh) Happy now?

I'm sure fondling yourself while looking at things on the internet is not unusual for you....