InvestorsHub Logo
Followers 6
Posts 906
Boards Moderated 0
Alias Born 08/21/2010

Re: stooge4 post# 6903

Friday, 11/11/2011 7:05:19 PM

Friday, November 11, 2011 7:05:19 PM

Post# of 14019
Thanks for the excellent info on natural gas and hybrid vehicles. One thing, is sure, there will be competitors.

Speaking about Natural Gas price spikes, it might be caused by Oil spikes or Market Manipulations. Comparing these charts give some indication, but natural gas has shown definite price spikes, even without oil.
Oil
http://www.tradingeconomics.com/commodity/crude-oil
Natural Gas
http://www.tradingeconomics.com/commodity/natural-gas

Important is that 6 mcf (6000 cf of NG) has the same energy content a one barrel of oil.
At today's prices -Oil at $98.99 and NG at $3.58 per mcf- makes oil 98.99)/(3.58x6) 4.6 times more expensive than NG, based on the same energy content. Back in 2008 when oil was over ~$140, NG was about ~$13.50 or 140/(13.5 x6), or ~1.7 times NG based on the same energy content. Then there was the spike attributed to Enron years earlier.

If the price per energy content were equal for both today, NG would sell for ~$16.50 today, even at half that price, it could be a serious blow too NG use and effect its sales.

JMO