Peak Oil News >> Consumption; Demand; Prices >> Natural Gas and Oil BTU price converge

Forums

Submit News

View posts since last visit

Menu

News

	Search
	Topics
	Stories Archive
	Submit News

Discussions

	Code of Conduct
	Forums
	Forums Search
	Last 24 Hours
	PO 24hrs
	Peak Blog

Resources

	About Us
	Downloads
	Web Links
	PeakWiki
	PeakPortal
	Focus Search
	Peak TV
	Peak Oil Boston

Members

	Your Account
	Members List
	Ignore List
	JOIN!
	Private Messages

Light Sweet Crude Oil

google

PeakSpeak

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC

Member Quotes

For a minute there I thought I had to get off my couch, when all the while the fact is we don't have to do anything much but keep things afloat for just a few decades more! In fact, we'd best shut up about PO, because if our offspring finds out we knew about it all along, they'll turn and wring our necks come 2036!

Nano

Suggest Quote

Photo Album
Submit Photo

Peakoil.com is You!

member photos

ICM

Cisco & Net App Training

Natural Gas and Oil BTU price converge

mypokeyman writes: NYMEX Natural Gas pricing for January & February Delivery are an unusual position. For the past few years, producers of Natural Gas have bragged about how much cheaper Natural Gas is to Crude Oil on a $/mmBTU basis. As of the closing of the NYMEX pit session on Tuesday,

10/27/04, January Crude settling at $52.17/barrell converts to $8.995/mmBTU. January Natural Gas settled at $9.435/mmBTU. That puts the price of Natural Gas now at a Premium instead of a Discount. What incentive will energy providers and industrial users have to make the "switch" to Natural Gas under this type of pricing? It's obvious that the players that payed between $9-$10/mmBTU for a delivery of Natural Gas in January of February are scratching their heads wondering where the "savings" are. Now with the price of Crude coming down, the disparity will widen unless the Natural Gas market can somehow resolve it's own "irrational exuberance".

Posted on Wednesday, October 27 @ 19:48:38 PDT by aaron

Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

Article Rating

Average Score: 0
Votes: 0

Options

Printer Friendly

Send to a Friend

"Login" | Login/Create an Account | 1 comment | Search Discussion

The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Re: Natural Gas and Oil BTU price converge (Score: 1)
by expletive4 on Thursday, June 01 @ 10:20:11 PDT
(User Info | Send a Message)

facial ordering [www.friedrichshagener-dichterkreis.de].:. forced bulk [www.programmo.net].:. wetting online [www.friedrichshagener-dichterkreis.de].:. teens shipment [kth.i24.pl].:. schoolgirl shipped [www.friedrichshagener-dichterkreis.de].:. beastality shipped [www.programmo.net].:. lesbo online auctions [kth.i24.pl].:. granny add to cart [www.friedrichshagener-dichterkreis.de].:. pregnant resellers [www.friedrichshagener-dichterkreis.de].:. boy buyout [www.programmo.net].:. softcore shipped [www.friedrichshagener-dichterkreis.de].:. bisexuals on sale [www.programmo.net].:. fist auction [www.sercedziecka.org.pl].:. rough drop ship [www.friedrichshagener-dichterkreis.de].:. rough bulk [www.sercedziecka.org.pl].:.