by PrairieMule » Wed 11 Jan 2006, 14:30:33
$this->bbcode_second_pass_quote('emersonbiggins', 'H')ere's what Oklahoma Corporation Commissioner Bob Anthony had to say about high NG prices:
$this->bbcode_second_pass_quote('', 'C')orporation Commissioner Bob Anthony said the agency is experiencing a high volume of calls from utility customers.
"The commission and the utility companies are getting large number of telephone calls from consumers who are shocked at their bills," said Anthony, a member of National Association of Regulatory Utility Commissioners' Natural Gas Committee. "If your budget won't stand it, it's better to put on a sweater and turn back the thermostat."
This season, gas has been as high as $15 per mcf. Gas is expected to fall to about $9 per mcf in the coming weeks.
"The day-to-day market for natural gas has been extremely volatile this season," Anthony said. "Electricity bills to consumers are going to be necessarily high."
Anthony said political, environmental and other considerations limit natural gas production along the east and west coasts, the Rocky Mountains and Alaska, limiting supplies and keeping prices high.
"America has a plentiful supply of natural gas, much of which is withheld from producers," Anthony said. "If America wants a more plentiful supply at reasonable costs, they're going to have to allow producers to go where the availability is."
I'm not sure I buy all of the last part - certainly, environmental considerations preclude NG drilling in the west, but as I understand it, drilling there wouldn't do much but postpone peak NG for a few more years.
Bob Anthony, as in Anthony's Dept stores. That family has more money with the exception of the Mathis Brothers. I'm sure they didn't diversify their money into natural gas when they closed down all those stores and put all those people out of work.