by GHung » Sat 09 Nov 2013, 11:51:00
People will be smart to use this period of low NG prices to improve efficiency with boring stuff like more insulation, caulking, better windows, etc.. With more power plants switching to NG along with the transportation sector,, and with the other uses of gas; fertilizer, plastics, etc., having few substitutes, along with greater demand globally, I expect to see a price shock in the next few years. Everyone moving more to natural gas is generally a case of energy wack-a-mole, a sign of the times.
My long-term strategy has been to reduce the need for everything fossil fuel. Passive solar and solar hot water, along with a well insulated structure have allowed us to reduce our gas use (in our case propane) to the level where a significant price rise will be a negligible hit to our pocketbook. Our only uses now are the stove/oven and our clothes dryer. We have a clothes line as an alternative, and a seperate inductive cooktop we use during good solar output. Our heat is supplemented by a modest amount of wood. Our lifestyle means the necessity for very little driving.
The markets are all excited about currently lower motor fuels in the hope that this will result in more disposable income to be spent on holliday gifts, parties, travelling, etc.. Buy your family another R-30 of insulation instead, perhaps a heat pump with electric and gas backup, and/or a woodstove. Add bigger/better windows for the south side of your home. My calculation is that a penny saved is 1.3+ cents earned, over time, maybe far more.
Blessed are the Meek, for they shall inherit nothing but their Souls. - Anonymous Ghung Person