6 Factors Affecting Natural Gas Prices (And 1 That’s Raising Them Now)

These six factors affecting natural gas prices can change with the season, influencing business and consumer buying decisions. Find out the one that’s raising them now.

EXIM Bank Charter Renewed, for Now

The House of Representatives leadership decided not to decide, in the manner of true lame duck session. Rather than voting to extend the charter for the Export-Import Bank of the United States, which was set to expire on the last day of September, instead Congress, indicating little more than a soft commitment, extended the charter for nine months to June 30, 2015. This decision was much to the chagrin of the House Tea-Party coalition, which believes the Ex-Im Bank is nothing but corporate welfare and an unnecessary burden on U.S. taxpayers. The Ex-Im Bank helps finance loans to foreign companies that want to import American goods back to their own countries. The Ex-Im Bank will finance these foreign countries or businesses at a very low interest rate, so foreign countries and businesses win, as do the American companies they’re buying products from. According to one accounting matrix, the bank made a profit of $1.1 billion in fiscal year 2013 and gave that profit to the Treasury. C

Dual-fuel kits help reduce Eagle Ford emmissions

Texas is a large state. Everything about Texas comes super sized, including the Eagle Ford Shale Play – it is the biggest single development project in the great state of Texas. My company, Worldwide Power Products (WPP), is in Houston. As its vice president, I follow the happenings at Eagle Ford carefully. One aspect of the play as it undergoes development is the commitment of the stakeholders to disrupt the environment as little as possible. This effort includes curtailing emissions from power generator equipment and diesel motors. It is an area of concern out in the production fields where WPP helps oil and gas producers meet their commitment to cleaner sources of energy. As a worldwide provider of engines and power generator to oil and gas developers around the globe, we recently signed a partnership arrangement with GFS Corporation, a company that makes bi-fuel kits that once fitted on a diesel generator or engine allows it to accept natural gas as a fuel. Once installed, the

Shale Gas: Not Made in China

While “Made in China” may be as ubiquitous a brand as Coca Cola, shale gas exports from China, at least for now, won’t measure up like toys and footwear. With possibly the planet's largest amount of technically recoverable shale gas resources, China has been looking forward to making a name for itself in the shale gas business. In 2013 China ranked 3rd in natural gas usage in the world, with a whopping 166 billion cubic meters consumed. But it appears as if early attempts to reach their 2020 fuel goals have proved to be much harder than original estimates and now China is looking to recover from crazy, obviously unattainable initial goals. Trouble Breaking the Barrier When it comes to breaking ground, it seems that China's government may have had eyes that were much bigger than their resources could handle. In 2012 China's National Energy Administration set a very large goal of pumping somewhere between 60 to 80 billion cubic meters (bcm) of shale gas by the year 2020. Disappo

Texas Earthquake Injection Wells

Injection Wells: Mysterious Cause of Texas Earthquakes or Convenient Scapegoat? During the early 1800s, a band of English craftspeople, the Luddites, formed a collective and destroyed new textile machines. They were afraid of the new technology and assumed it would deprive them of their livelihood.In such an account, fear and indignation derives from a misperception of a personal threat. To quote a familiar adage, the more things change, the more they stay the same. On an almost weekly basis, those scanning the headlines can find another example of technophobic alarmism.Consider, for example, the latest scare tactic co-opted by groups in opposition to hydraulic fracking. They contend that disposal wells associated with natural gas well drilling, also known as “injection wells,” have set off tremors in North Texas, and around the Dallas-Fort Worth area in particular.In recent years, gas drilling has proliferated in the Barnett Shale, an immense sedimentary rock formation underlying

Contact Us

 
Website Developed by Telezent
Vertical Response