[ColossalContrarian]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('ColossalContrarian', 'I') hate to hear people beat up on NG so much. . .

[Lore]

You're making the erroneous assumption that production will always keep up with demand and that somehow the output will remain cheap. Which is the same wall we've hit with oil.

[ColossalContrarian]

$this->bbcode_second_pass_quote('Lore', 'Y')ou're making the erroneous assumption that production will always keep up with demand and that somehow the output will remain cheap. Which is the same wall we've hit with oil.

[Plantagenet]

New York City pushes for construction of a NG pipeline into the city.

NYC wants NG for years to come

Some cognitive dissonance there----liberals in NYC oppose fracking, but they want a pipeline built to supply NYC with cheap NG to replace the heating oil they use now to heat their apartments.

[ralfy]

As the IEA puts it, all oil and gas resources worldwide will add 9 pct to global energy production for the next two decades. However, energy consumption has to go up by around 1 to 2 pct a year to maintain economic growth. To make matters worse, the 9-pct increase was based on the assumption that conventional oil production will not drop, which means whatever is used to replace conventional oil production has to increase even more to make up for a drop in conventional production. With that, the IEA estimate of around one Saudi Arabia needed every seven years to maintain economic growth may be too low.

[Scottie]

$this->bbcode_second_pass_quote('Lore', 'Y')ou're making the erroneous assumption that production will always keep up with demand and that somehow the output will remain cheap. Which is the same wall we've hit with oil.

[Revi]

$this->bbcode_second_pass_quote('Plantagenet', 'N')ew York City pushes for construction of a NG pipeline into the city.

NYC wants NG for years to come

Some cognitive dissonance there----liberals in NYC oppose fracking, but they want a pipeline built to supply NYC with cheap NG to replace the heating oil they use now to heat their apartments.

[Pops]

$this->bbcode_second_pass_quote('Scottie', 'W')hich is the point. The drilling was so successful it created an outrageous surplus, even while the country was consuming more of it than ever. Too successful is a rarity nowadays, the consumers should just appreciate it I suppose.

[SelfGov]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('SelfGov', '
')Natural Gas is a good investment

[AdTheNad]

$this->bbcode_second_pass_quote('Scottie', 'Y')es, but during the modern growth phase of the resource (1930-1970), supply did keep up with demand and price stayed stable during that time period. Natural gas was a waste product of oil production until only about half century a go. Just like oil, there is plenty of room to run yet for the price to stay low, more supplies to come onllne as use of the commodity is expanded.

[Plantagenet]

President Obama proclaims the US now has a 100 year supply of NG, thanks to frakking. Some folks think there is so much NG available in the lower 48 that the US can become a major energy exporter again---and that doesn't even include the huge NG resouces at Prudhoe Bay, Alaska that have been re-injected for the last 30 years.

While frakking has so far mainly been used in the US, frakking can also release NG in other countries around the world---China, Argentina, maybe Poland appear to have some NG that frakking could help develop.

[Laromi]

The argument being, NG in a way, is analogous to the petrol/kerosine situation pre Henry Ford when "NG" was burnt off at the well site and refinery (still is), and petrol was an unwanted by-product. Then in Australia, at least, LPG and Diesel were advocated by Gov. as the way to a cheaper future. Arguably, LPG and Diesel are now no less cost effective and expensive than petrol. My thoughts are; what over all effect to the established mix will over supplies of NG have in respect to the petrochemical industry as a whole in the near future? And, will the excess "supply" of NG eventually lead to cheaper domestic fuel supplies and chemicals? And what of NG's effect on Agriculture and food production?

[Pops]

Good questions.

The conundrum is that NG is a cleaner fuel for electrical generation than coal but unfortunately it's current low price hurts deployment of renewables. Perhaps burning more NG now for generation will put off the day we need to burn more coal until the effects of GW are more apparent?

My general worry is that the illusion of cheap fracked NG causes a large investment in infrastructure based on the possibly mistaken idea that the resource is very large and affordable.

Not really suer what the topic is...

[SelfGov]

$this->bbcode_second_pass_quote('Pops', '.')..My general worry is that the illusion of cheap fracked NG causes a large investment in infrastructure based on the possibly mistaken idea that the resource is very large and affordable.

Not really suer what the topic is...

[Plantagenet]

$this->bbcode_second_pass_quote('SelfGov', ' ')it would be a mistake to rework our infrastructure on the assumption that the gas will always be this plentiful and cheap.

[Pops]

Is it too late to say I didn't realize this was the Welcome forum? LOL!

Anyway, Hi, welcome, persevere!

[SelfGov]

$this->bbcode_second_pass_quote('Plantagenet', 'W')hat would you suggest to replace gasoline if not NG*?



*with help from solar, nukes, biofuel, wind, etc.

[dinopello]

$this->bbcode_second_pass_quote('Plantagenet', 'W')hat would you suggest to replace gasoline if not NG*?

[Plantagenet]

$this->bbcode_second_pass_quote('SelfGov', '')$this->bbcode_second_pass_quote('Plantagenet', 'W')hat would you suggest to replace gasoline if not NG*?

[vision-master]

Besides, they already have Obamacare........ lsol