With warm weather about to allow for even higher natural gas inventories, the country's 4T cubic foot storage capacity could get hit by mid-August, literally causing the price to go negative as operators like Kinder Morgan (KMI) turn away product. Low prices are at work increasing gas usage, but it may not come in time to prevent red prices this summer. [View news story]
I agree with Roberson that we need conversion plants and cheap car conversion kits. But we should think ahead and build more storage facilities instead of selling NG to competing countries. We'll be needing it in the near future. Also, advertising the benefit of clean fuel won't hurt.
With warm weather about to allow for even higher natural gas inventories, the country's 4T cubic foot storage capacity could get hit by mid-August, literally causing the price to go negative as operators like Kinder Morgan (KMI) turn away product. Low prices are at work increasing gas usage, but it may not come in time to prevent red prices this summer. [View news story]