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Re: O/T I hate to tell y'all this....
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Posted by Mark - IN. on September 20, 2005 at 03:48:46 from (152.163.101.7):
In Reply to: Re: O/T I hate to tell y'all this.... posted by midwest redneck on September 20, 2005 at 02:01:47:
I still can't concieve a reason for the predicted 70% rise in natural gas for this coming season/winter. Heard someone on the news say was because of the hurricane. I watched them dig hundreds of miles to lay a huge natural gas pipeline into Illinois that came down from Canada, and as a matter of fact have down telephone repairs at the huge storage facility, which then feeds it back out to... I'm just not seeing the tie between natural gas and oil refineries down on the gulf coast. I understand that natural gas has to be flushed and pumped out from often miles of rock and soil, but don't see where the gulf coast fits in, other than an excuse. Call me stupid. Remember a couple of years ago when natural gas took a huge spike? The winter before that was mild, wasn't nearly as much used as expected, and gobs left on hand. Going into the following heating season, before even got to it, the price spiked big time. The producers said was because used so little the year prior, didn't restock, so had to go up - all prior to the actual heating season even arriving. So, what happened to the natural gas supply that was left over from the year before? It was sold to China to build up their reserves, and we paid the price. Doesn't it make you wish you owned the steakhouse where some bigshot preferred to have his porterhouse? Just before he comes in for his daily visit, shoot the price up to $1,000 an ounce - "Take it or leave it bigshot, I'll supply if you demand. Oh, caviar... $7,000 per ounce.". Mark
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