[mmasters]

Assuming a few years of high oil prices and a new wave towards using natural gas for transportation and energy in the US: how do you think the competition with oil would affect the price of oil? Suppy and demand says it would it lower it...but substancially?

[Keith_McClary]

$this->bbcode_second_pass_quote('mmasters', 'A')ssuming a few years of high oil prices and a new wave towards using natural gas for transportation and energy in the US: how do you think the competition with oil would affect the price of oil? Suppy and demand says it would it lower it...but substancially?

[Tanada]

$this->bbcode_second_pass_quote('mmasters', 'A')ssuming a few years of high oil prices and a new wave towards using natural gas for transportation and energy in the US: how do you think the competition with oil would affect the price of oil? Supply and demand says it would it lower it...but substantially?

[Pops]

Gas prices will rise regardless. Producers are currently losing money and have been drilling for reasons other than demand. Pick a number, $5, $8, I don't know but it will rise regardless of what happens with demand.

But, add on a bunch of fertilizer and chemical plants reopening, new NG electricity generation, not to mention vehicles & LNG export - and finally mix in a little uncertainty about long term viability of frack wells and I wouldn't be shorting oil just yet.

[misterno]

Natural gas and LNG both are very cheap compared to oil in terms kcal terms. But somehow with all the CNG and LNG technology developed for buses and trucks, it never takes off. There are several state/federal or countrywide subsidies or incentives all over the world but except for Pakistan and Italy and a fwe other countries CNG or LNG never took marketshare from ICE.

This tells me that the technology is premature and unreliable. Not the price of technology or price of natural gas since it is cheap so it must be the viability of technology.