Monday, February 10, 2014

Fracking, The Future of Energy : Environmentalists / Progressives Fight It Back

It's only natural that the country would welcome a steady supply of natural gas and prices that reflect only exception to a norm of reductions from past history.

On the other hand, with the increase of natural gas there has been a reduction in supply of propane in the Midwest to the point that some customers have been refused fuel to heat their homes and had to resort to electric space heaters to survive the unprecedented cold this winter.

Along with this unacceptable shortage of propane, an extract of natural gas, the price this winter has risen by three to four hundred percent due to this shortage. And given that the supply of natural gas is at it's highest ever, why the shortage of Propane?

With the attacks by environmentalist on coal and now fracking for natural gas, I wonder how all those that rely on natural gas, propane and coal will survive in the winter or a suffocating summer? Remember to, the eco-fascists want to completely eliminate coal even though coal powers neatly 43% of all the electricity generating in America.

Even though the supply of natural gas, propane or oil is rising and will soon be more then we need to heat and cool our homes or drive our cars and run our industries, it won't matter one bit if the supply of electricity that runs every last machine in America, including our furnaces to heat and cool our homes, can not meet the demand.

I wonder what the environmental fascists and corrupt politicians will have to say to those of us freezing or roasting to death huddled in our homes in the dark?

Fracking Keeps Heating Bills Down
Source: Russell Gold, "Fracking Boom Keeps Home Heating Bills in Check," Wall Street Journal, January 28, 2014

February 7, 2014

The cold winter has created a near-record demand for natural gas in the United States, says the Wall Street Journal.
  • While the increased demand has raised natural gas prices, the jump in price has not been as extreme as in past cold snaps.
  • In December 2000, gas prices doubled in just two and a half months.
  • Home heating bills almost doubled that winter from the previous year, from $380 to $624.
The more stable prices are a function of the energy boom in the United States, which, through fracking, has created massive natural gas supplies. With the vast supply, the market has not panicked with concern that stores will be depleted.

As Joe Gregorini, vice president of Peoples Natural Gas, explained, "The available [sic] of the Marcellus and other shale gas has really dampened the effects of weather. This is one of the coldest winters we've seen in our service territories in decades, but the available [sic] of natural-gas supplies has insulated customers."

While some customers will see higher prices, the increase will not at all be the shock that was seen in 2000.
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