Originally Posted By: Shannow
Originally Posted By: CT8
That is because?
NG is temporarily at a low price as per my link...
Here in Oz, 2 years ago NG was $4.50/GJ, and had been stable for ages...last week, I saw $34.50 for a few half hour periods, and sustained $10...with the number of coal plants shut down due to the disruptive power of wind, last week Oz companies were trying to balance the value of gas for home and industry versus the wholesale price of electricity being generated from that gas...it was a farce, watching both gas and wholesale electricity chasing each other to the moon.
It WILL displace coal, and then you won't be able to afford power.
Nat Gas is so plentiful in the US they have shut down for the most part any drilling for new wells.
Originally Posted By: CT8
That is because?
NG is temporarily at a low price as per my link...
Here in Oz, 2 years ago NG was $4.50/GJ, and had been stable for ages...last week, I saw $34.50 for a few half hour periods, and sustained $10...with the number of coal plants shut down due to the disruptive power of wind, last week Oz companies were trying to balance the value of gas for home and industry versus the wholesale price of electricity being generated from that gas...it was a farce, watching both gas and wholesale electricity chasing each other to the moon.
It WILL displace coal, and then you won't be able to afford power.
Nat Gas is so plentiful in the US they have shut down for the most part any drilling for new wells.