Re: What gas glut?
Well, there is a gas glut.
Nobody produces at a loss so that glut will contain itself.
This isn't communist Russia. Capitalism and free markets tell us the price WILL adjust
Robrys #'s clearly show that.
Fridays rig #'s clearly show that.
The producers capital programs clearly show that.
So how long till storage (it seems that storage is what most impacts price) will start a trend that will impact price?
I don't know except when that trend starts I think it will be a neck snapper.
If we have a hot summer and there are some draws, that would be a very good thing. Otherwise next winter
Meanwhile the demand side just keeps growing.
Slowly for sure cause it takes infrastructure, contracts winding down and acceptance for new usage. But one fleet leads to another and....
I still don't know whats with Walmart. I wrote them and got BS in return. My belief is that they aren't really looking at it. Their fleet manager probably doesn't have much stature, your' a star at Walmart if you SELL. The fleet people are probably just workerbees.
is there any one here that thinks NG for transportation is not going to keep growing and growing?
But it will take time. Like water seeks it's own level so will energy prices. The price of gasoline WILL make NG in transportation happen. But today, very little NG is used for transportation. very little.
More or less (unless I'm in a funky mood) I have stopped printing new announcements to the NG fleet. But everyday there are some. Everyday.
If you managed a fleet, how could you explain to your boss that you weren't looking an NG as a fuel?
And ocean vessels.
Even though price sucks I believe we have reached the tipping point and we have entered the age of NG as our national fuel. But it will take a while for usage (because of infrastructure) to increase.
I still think that our local NG sleepy utilities should be more proactive with infrastructure. Their businesses grow very little each year. Why don't they just put a few CNG stations around the towns they operate in? Partner with CHK, CLNE etc if they have to. But give me a freaking choice of fuel, even if I have to drive 10 miles? Today I couldn't buy a CNG vehicle if I wanted. No place (except the airport) to refuel.
The local NG utilities (with some exceptions) are asleep at the wheel. They don't know how to create the demand, they'll just wait untill it comes to them. Yech!