Elliott

Natural Gas: Extreme Contango Suggests Caution for E&P Companies

Two main reasons Congress is ignoring NG

1. Coal lobby

2. Political calculations -- Pennsylvania is an important swing state in elections, and neither side wants to be punished by Penn voters for causing the loss of coal industry jobs.

On Sep 08 12:01 PM GotLife wrote:

> Current Congress is not enamored with NG because of carbon emissions.
> Their base is awaiting "energy with zero ecological impact" and have
> also decried shale drilling for NG based on water table consequences.
> Anybody notice the ban on windmills over most of the western states
> until the effect on the Prairie Grouse is evaluated?
>
> So, we keep burning coal and exploding gasoline. Maybe the OPEC nations
> and mother Russia ARE smarter than US.

Supply Glut Pressuring Natural Gas

On Aug 31 10:03 AM Mad Hedge Fund Trader wrote:

> Natural gas
> at these prices is another way of buying oil at $18 a barrel, with
> less pollution.

Really? Wow, I had no idea they could take natural gas and make gasoline, diesel and jet fuel out of it.

Natural Gas May Be Just the Solution for This Economy

Correct. That's why big rigs, construction equipment, tractors, etc. should remain diesel-powered.

Commuter cars should be electric, once we get battery technology improved. The beauty of electric auto power is that the electricity source is diversified -- it can come from nuclear, nat gas, hydro, solar, wind, etc.

Electric motors are miles ahead of internal combustion engines on efficiency. 75% of energy applied to electric motors propels the car forward and 25% is wasted. With internal combustion engines only 16% is converted to forward motion, the rest is wasted in mechanical losses and heat.


On Jul 21 10:23 AM Wisdom vs. Information wrote:

> NG has much less energy per volume than diesel

Natural Gas May Be Just the Solution for This Economy

Electric cars should be the goal. Electric motors are far more efficient than any gasoline, diesel, methanol or natural gas engine. The only barrier remaining that holds electric cars back are the batteries. Government and private industry should work to improve battery technology to reduce weight and improve range. Once that happens, then natural gas can be used for electrical generation, which in turn can be used to fuel and recharge electric cars. This is better than trying to retrofit all of our gasoline stations over to natural gas. With electricity, we already have a wholesale and retail distribution system in place.