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  #16  
Old 09 Mar 12, 17:21
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Quote:
Originally Posted by Mountain Man View Post
And then Big Oil gets control of the natural gas supply and home heating and industrial prices climb.

Nice racket you've got there, Doc, but some of us have heard this song before...a lot of times.
"Big oil" has always controlled the natural gas supply.
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  #17  
Old 09 Mar 12, 17:23
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Quote:
Originally Posted by The Doctor View Post
"Big oil" has always controlled the natural gas supply.
Exactly, so pretending that Big Oil will not have the control it has on oil supplies is disingenuous on your part.
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  #18  
Old 09 Mar 12, 17:35
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Quote:
Originally Posted by Mountain Man View Post
Exactly, so pretending that Big Oil will not have the control it has on oil supplies is disingenuous on your part.
Once again, you are LYING about what I have posted. I said that the oil industry has no control over demand

ExxonMobil is the leading natural gas producer in the US. They could theoretically shut in all of their gas production in order to drive up prices. They won't do that because they would then have no ewvenue from gas sales and would lose their leases that are held by production. The second leading gas producer, Chesapeake Energy, is diverting capital from gas projects to oil projects and curtailing gas production where they can do so without losing leases. They are reacting to low gas and high oil prices.

Last edited by The Doctor; 09 Mar 12 at 17:46..
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  #19  
Old 09 Mar 12, 17:47
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Quote:
Originally Posted by The Doctor View Post
Once again, you are LYING about what I have posted. I said that the oil industry has no control over demand.
And I destroyed that particular piece of ripe BS by pointing out that Big Oil controls refinery capacity and thus can control the amount of gas available and thus the demand.

For an intelligent guy, you pretend way too much not to understand how the world really works.
You might as well start preaching that Big Oil is actually a group of non-profits working for the good of all mankind.

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  #20  
Old 09 Mar 12, 20:13
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Quote:
Originally Posted by Mountain Man View Post
And I destroyed that particular piece of ripe BS by pointing out that Big Oil controls refinery capacity and thus can control the amount of gas available and thus the demand.

For an intelligent guy, you pretend way too much not to understand how the world really works.
You might as well start preaching that Big Oil is actually a group of non-profits working for the good of all mankind.

Do you not have access to a dictionary? You obviously don't grasp the definition of the word, "demand."

Last edited by The Doctor; 10 Mar 12 at 18:01..
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Old 12 Mar 12, 11:38
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natural gas isn't a refined product.

and news on CNG http://cng-times.com/category/road-vehicles/

Last edited by KICK; 12 Mar 12 at 11:42..
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  #22  
Old 12 Mar 12, 11:45
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Originally Posted by KICK View Post
natural gas isn't a refined product.

and news on CNG http://cng-times.com/category/road-vehicles/
While it doesn't have to be refined to the extent that oil does, natural gas generally does have to be refined...
Quote:
Once brought from underground, the natural gas is refined to remove impurities such as water, other gases, sand, and other compounds. Some hydrocarbons are removed and sold separately, including propane and butane. Other impurities are also removed, such as hydrogen sulfide (the refining of which can produce sulfur, which is then also sold separately). After refining, the clean natural gas is transmitted through a network of pipelines, thousands of miles of which exist in the United States alone. From these pipelines, natural gas is delivered to its point of use.

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  #23  
Old 12 Mar 12, 12:12
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And when like oil, the natural gas reserves start declining and then run out?

No need to worry though, thats our childrens childrens problem, not ours...

Regards

Gaz
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  #24  
Old 12 Mar 12, 12:20
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Quote:
Originally Posted by The Doctor View Post
Do you not have access to a dictionary? You obviously don't grasp the definition of the word, "demand."
Surely if a company can influence production of a resource to be held back or to decline, when demand for that resource is steady or constant and at a rate consumers depend on and expect, then demand will increase in relative terms due to the shortfall in supply?

Wasn't that why black markets flourished during WW2 for example?

Gaz
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  #25  
Old 12 Mar 12, 13:08
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Quote:
Originally Posted by The Doctor View Post
While it doesn't have to be refined to the extent that oil does, natural gas generally does have to be refined...

its more like they filter it, than they cook it, right?

to my way of thinking refining is that cooking off method..

anyway, it doesn't matter, its just words..
it does have to be handled and pumped..
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  #26  
Old 12 Mar 12, 13:48
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Quote:
Originally Posted by allsirgarnet View Post
Surely if a company can influence production of a resource to be held back or to decline, when demand for that resource is steady or constant and at a rate consumers depend on and expect, then demand will increase in relative terms due to the shortfall in supply?

Wasn't that why black markets flourished during WW2 for example?

Gaz
Exactly, ASG. Doc really doesn't like admitting how his company works, but Big Oil controls supply, which directly influences demand and thus increases the price.

It's done all over the world by various organizations to raise prices for commodities, and it works. Diamonds aren't cheap because the supply is largely controlled by DeBeers. Gold is highly expensive because the gold supply is carefully regulated to prevent "dumping" and driving the price down. Many years ago dairy farmers dumped millions of gallons of milk on the ground to protest low prices and drove the price up by cutting the supply.

Doc knows all this, but he's a brainwashed wage slave of his Big Oil bosses and can't actually speak freely here or anywhere. I suspect if he told us the truth it would cost him his job.

Doesn't mean we have to believe his fairy tale, though.
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  #27  
Old 12 Mar 12, 16:21
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Quote:
Originally Posted by KICK View Post
its more like they filter it, than they cook it, right?

to my way of thinking refining is that cooking off method..

anyway, it doesn't matter, its just words..
it does have to be handled and pumped..
It all depends on the gas. Some gas reservoirs have a lot of liquids, some have H2S, CO2 and other impurities. Very few are pure methane. In order to go into a sales line for end users, the gas has to be dry and close to pure 1000 btu methane (CH4].
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  #28  
Old 12 Mar 12, 16:29
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Quote:
Originally Posted by allsirgarnet View Post
And when like oil, the natural gas reserves start declining and then run out?

No need to worry though, thats our childrens childrens problem, not ours...

Regards

Gaz
There's no need to worry because we're not running out of either oil or natural gas. Nor will we run out of either. Fossil fuels will be replaced as alternatives become economically superior.
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  #29  
Old 12 Mar 12, 16:33
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Quote:
Originally Posted by allsirgarnet View Post
Surely if a company can influence production of a resource to be held back or to decline, when demand for that resource is steady or constant and at a rate consumers depend on and expect, then demand will increase in relative terms due to the shortfall in supply?

Wasn't that why black markets flourished during WW2 for example?

Gaz
No. And no.

Demand doesn't react to supply. Nor does supply react to demand. Both supply and demand react to the pricing mechanism.

Black markets only flourish where gov'ts artificially constrict supply on the open market.
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  #30  
Old 12 Mar 12, 16:49
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There are two big obstacles over fueling your car at home with natural gas, something that many home and business backup generators are powered with, and that is the Federal Government and the State Government.

There is no problem with using a fueling station at home, one that would plug into your fuel tank with a snap lock pressure fitting and automatic valve, and pump in the gas until it is at the proper pressure for a full tank. The problem is the collection of the Federal and State fuel tax. A home fueling station would require a smart meter so that the gas company could add the highway taxes to your monthly gas bill.

The same thing would also have to happen to anyone that owns a private gas well, a common benefit for residents in some areas of rural Bay County. They would have to be billed monthly for taxes through a gas company even though the gas they are pumping comes from their own well.
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