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Cheap Natural Gas is Creating its own Demand
Business Insider ^ | Dec 27, 2011 | Simon Lack

Posted on 12/27/2011 12:02:23 PM PST by thackney

Last week the Environmental Protection Agency issued emission standards tightening the rules surrounding the output of mercury and other harmful pollutants. These standards will have the practical effect of making natural gas relatively more attractive than coal for electricity generation since coal-burning plants require the installation of expensive “scrubbers” to clean the emissions they generate. Converting older plants to operate more cleanly often fails to make economic sense and as a result new power plants are increasingly burning natural gas. The Wall Street Journal noted this in an article on Friday.

..

But the longer term outlook is increasingly positive. U.S. based natural gas is now cheaper than anywhere in the world outside the Middle East, and that is drawing interest from other industries that rely on cheap sources of energy. States that sit atop the Marcellus Shale (such as Pennsylvania and West Virginia) are competing with one another to attract ethylene production facilities. And a Brazilian textile company recently chose Texas over Mexico to build a new denim factory because of a 30% cost advantage in electricity. Over time cheap natural gas will lead to cheap electricity, drawing in additional industries and creating manufacturing jobs. And this increased demand will no doubt help support prices.

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: energy; mercury; natgas; naturalgas

1 posted on 12/27/2011 12:02:31 PM PST by thackney
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To: thackney

“....tightening the rules surrounding the output of mercury and other harmful pollutants.”

.
Bunch of EPA BS — will they take a closer look at the use of the new mercury-filled lightbulb?

Oh, it’s a harmless type of Hg? Thanks for “enlightening” us.


2 posted on 12/27/2011 12:08:57 PM PST by 353FMG
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To: thackney
So of course we now see a rash of "fracking causes" reports.

Apparently hydraulic fracking suddenly is the culprit for everything from groundwater polution to earthquakes to halitoses and dandruff/dry itchy scalp.

It never ends with the communist agenda "progressive liberals."

.

3 posted on 12/27/2011 12:13:54 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: thackney

The chatter here in North Louisiana is this formation.

http://en.wikipedia.org/wiki/Brown_Dense_%28limestone%29


4 posted on 12/27/2011 12:16:00 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: TLI
Apparently hydraulic fracking suddenly is the culprit for everything from groundwater polution to earthquakes to halitoses and dandruff/dry itchy scalp.

That's just crazy talk. Every liberal knows that dry itchy scalp is caused by an unequal distribution of power to the 1% and dandruff is caused by insufficient funding of the arts. Sheesh - hydraulic fracking is responsible for the rise in type II diabetes and the use of steroids in professional baseball.

5 posted on 12/27/2011 12:42:39 PM PST by DaveyB (Our Constitution was made only for a moral and religious people. -John Adams)
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To: thackney

>>> Cheap Natural Gas is Creating its own Demand

I’d like to see how long the word ‘cheap’ can be applied.

Just wait till our representatives and gubmint get involved in ‘free redistribution’ to The NEEDY .......


6 posted on 12/27/2011 12:57:36 PM PST by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: DaveyB

Stop joking this is HUGH and SERIOUS!

sarc


7 posted on 12/27/2011 12:58:13 PM PST by woodbutcher1963
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To: abb

Hi abb! *waves*

“Electricity prices will necessarily skyrocket under my plan.”

-Barack Obama, circa 2007

Another liberal wrong due to a static model fallacy. The good part is, he was wrong in a way that’s good for the rest of us. Well, not so much me, my royalty checks are dropping.

I’m glad people are getting cheap natural gas though, let’s spread the wealth around, right Barry?


8 posted on 12/27/2011 12:59:55 PM PST by SaxxonWoods (....The days are long, but the years are short.....)
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To: thackney

Using up our natural gas for electricity is a tragedy. If we are to move away from coal we should be moving towards nuclear...preferably thorium.


9 posted on 12/27/2011 1:07:40 PM PST by mamelukesabre
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To: thackney

And a Brazilian textile company recently chose Texas over Mexico to build a new denim factory because of a 30% cost advantage in electricity.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

This 30% advantage is from coal produced electricity, YA NIMRODS!


10 posted on 12/27/2011 1:09:52 PM PST by mamelukesabre
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To: DaveyB
and dandruff is caused by insufficient funding of the arts.

I must have been living in a bubble.

New Year resolution; expand horizons...

:-)

.

11 posted on 12/27/2011 1:26:41 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: mamelukesabre

In Texas, we get more electrical power from nNatural Gas than from coal.

http://www.eia.gov/cneaf/electricity/epa/generation_state.xls

See row 34917 and 34919


12 posted on 12/27/2011 1:48:09 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney
For most of my life I was told that natural gas was clean,
cheap, and abundant. Then, shortly before fracking and only
a few years back, suddenly is was neither cheap nor
abundant.
13 posted on 12/27/2011 2:31:28 PM PST by clearcarbon
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To: clearcarbon
before fracking and only a few years back,

The drilling industry started hydraulic fracturing wells back in 1949.

14 posted on 12/27/2011 2:38:42 PM PST by thackney (life is fragile, handle with prayer)
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To: mamelukesabre
So what is your prediction for us running out of NG? And that is based on......?

It may not be impossible, but its darn sure highly unlikely we will run out of NG considering is so prevalent in many forms.

We should be moving to NG in any way we can.

15 posted on 12/27/2011 5:51:03 PM PST by X-spurt
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To: thackney

Come on thac, most still think NG comes from the funny silver thing next to their house.


16 posted on 12/27/2011 5:57:07 PM PST by X-spurt
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To: X-spurt

why would I predict something stupid like that? Prices constantly change so that we will never run out nor ever have too much. That’s the magic of capitalism.


17 posted on 12/27/2011 6:09:13 PM PST by mamelukesabre
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To: mamelukesabre

“Using up our natural gas for electricity”

“using up” sounds like some kinda prediction. Just wondering..


18 posted on 12/27/2011 6:33:25 PM PST by X-spurt
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To: X-spurt

yep...predicting they will run up the price on natgas. Then we will have high electric bills AND high gas bills


19 posted on 12/27/2011 7:17:34 PM PST by mamelukesabre
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To: mamelukesabre
I would predict this will be likely.


20 posted on 12/28/2011 5:17:47 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
And a Brazilian textile company recently chose Texas over Mexico to build a new denim factory because of a 30% cost advantage in electricity.

Wait, someone is going to manufacturing something in the US?? I wonder if 0 will take the credit of it?? Of course, it wouldn't be in the northeast!! ;-)

Over time cheap natural gas will lead to cheap electricity, drawing in additional industries and creating manufacturing jobs

Oh no, the LIBS will be so upset.

21 posted on 12/28/2011 12:25:04 PM PST by ExCTCitizen (If we stay home in November '12... Don't complain if 0 shreds the constitution!!!)
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To: ExCTCitizen
company recently chose Texas over Mexico

Yep, Santana is going to build $180 million denim plant in Edinburg, Texas. But having been in Edinburg & McAllen for all too long a time, I'm not sure it isn't Mexico.

22 posted on 12/28/2011 12:42:14 PM PST by thackney (life is fragile, handle with prayer)
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