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US oil and gas boom benefits consumers
Albuquerque Journal ^
| 11/17/13
| Kevin Robinson-Avila
Posted on 11/19/2013 9:31:19 AM PST by tightoil67
After years of steadily rising prices, low-cost fuel may seem like an oxymoron.
But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.
MAP MASTERThe outlook is for a low-cost energy economy in the U.S., said Daniel Fine, associate director of the New Mexico Center for Energy Policy, which is run by the New Mexico Institute of Mining and Technology in Socorro. This is a long-term trend, not an isolated event, and its something almost revolutionary.
(Excerpt) Read more at abqjournal.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events; US: New Mexico
KEYWORDS: energy; newmexico; oil; shale
The countrys newfound oil and gas boom, made possible by modern drilling technologies, has helped keep gasoline prices well below the $4-per-gallon peaks that consumers faced just a few years ago. Its also driven home-heating bills to record lows since 2009.
Now, with production still climbing fast, Fine and others say natural-gas prices will remain moderately low for another five to 10 years at least. And gasoline prices likely will continue to fall into 2014, before stabilizing at somewhere above $2 per gallon for the foreseeable future.
I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most, Fine said.
To: tightoil67
And yet, the price of gas is still rising in my area.
$3.65 a gallon as of today
Up from a low of $3.49 a week and a half ago.
2
posted on
11/19/2013 9:37:43 AM PST
by
Bigh4u2
(Denial is the first requirement to being a liberal)
To: tightoil67
I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most, Fine said.
I wish he would not have said that!
Seems every time some one says gas will go down in price the opposite always happens!
Here in PA they want to add 25 cents more per gallon to fix roads.
3
posted on
11/19/2013 9:40:53 AM PST
by
Johnny_cash
(10 out of 10 idiots voted for 0Bama!)
To: Bigh4u2
Home heating was $3.55 yesterday, brutal.
4
posted on
11/19/2013 9:41:35 AM PST
by
WinMod70
To: tightoil67
We’re going to need those savings to pay for Obamacare...
To: tightoil67
Gas consumption in the USA is HALF of what it was 5 years ago. Gas should be a buck a gallon.
To: Bigh4u2
Where is your area?
$2.89 here near Houston, Texas, $2.88 a gallon according to friends in Utah, $2.88 in Shreveport, La., $2.89 in Little Rock...
Prices have been dropping in most places...
7
posted on
11/19/2013 11:02:17 AM PST
by
muffaletaman
(IMNSHO - I MIGHT be wrong, but I doubt it.)
To: tightoil67
Why is it that all the gas stations in my area that used to offer non-ethanol gasoline now have only ethanol gasoline?
8
posted on
11/19/2013 11:21:37 AM PST
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: muffaletaman
Nice! In Edmonton, where they refine what the oil patch produces, factoring in the exchange, it is $3.45/gal (USD & US gal) or 96.9¢/litre, cheapest in Canada. The difference must be in Federal and Provincial tax versus US fed and State taxes.
To: A Formerly Proud Canadian
$3.24 was the cheapest I could find.
Was at a Seminole gas station in Hollywood FL.
The 711 by me is $3.45
10
posted on
11/19/2013 11:31:37 AM PST
by
bicyclerepair
(The zombies here elected alcee hastings (FL-20))
To: tightoil67
US oil and gas boom benefits consumers Price at the pump still at $3.00 plus a gallon. SO how is the average consumer being HELPED?
To: muffaletaman
Upstate New York.
Rochester area.
12
posted on
11/19/2013 11:46:28 AM PST
by
Bigh4u2
(Denial is the first requirement to being a liberal)
To: tightoil67
I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most, Fine said.
He don’t know government very well, do he?
13
posted on
11/19/2013 12:47:43 PM PST
by
RWB Patriot
("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
To: Zuben Elgenubi
Gas consumption in the USA is HALF of what it was 5 years ago. Source?
14
posted on
11/19/2013 2:33:34 PM PST
by
Teacher317
(Obama is failing faster than I can lower my expectations.)
To: Zuben Elgenubi
15
posted on
11/19/2013 2:35:01 PM PST
by
Teacher317
(Obama is failing faster than I can lower my expectations.)
To: Zuben Elgenubi
Or did you mean natural gas? Nope.
16
posted on
11/19/2013 2:36:08 PM PST
by
Teacher317
(Obama is failing faster than I can lower my expectations.)
To: tightoil67
And ? in spite of the fiscal and deliberate destruction of America's economy by this regime’s policies the new oil boom is helping to keep America's economy afloat.
To: Teacher317
Now if those liberal yoots environmentalist were to actually ride a bike to work, or walk to work that they preach to us all the time that consumption would be cut in half even more.
Don't let the liberals fool you they love their nice cars, I-phones, modern conveniences as much as us evil right wingers..... it's just ? that they don't want to let the cat out of the bag and admit it.
To: Bigh4u2
New York. Upstate even. You have my sympathies...
;-)
19
posted on
11/19/2013 8:05:17 PM PST
by
muffaletaman
(IMNSHO - I MIGHT be wrong, but I doubt it.)
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