Adamski
06-30-2009, 03:44 PM
Guys,
I just received an email alert from CLA stating that natural gas reserves have reached an all time high of 2.247 quadrillion cubic feet (2,247 trillion cubic feet). At the same time, demand is expected to decrease by 2.2% this year due to shut-downs in the auto and steel industries. These reserves represent a 118 year supply based on 2007 consumption rates of 22 trillion cubic feet per year.
This news certainly bodes well for our industry's future as almost all the natural gas we consume is produced right here in the good ole USA. Those huge new natural gas tanker ships won't have to visit our ports anytime soon. While my natural gas costs have been stable in recent months, I'd sure like to seem them fall a bit in the near future.
I just received an email alert from CLA stating that natural gas reserves have reached an all time high of 2.247 quadrillion cubic feet (2,247 trillion cubic feet). At the same time, demand is expected to decrease by 2.2% this year due to shut-downs in the auto and steel industries. These reserves represent a 118 year supply based on 2007 consumption rates of 22 trillion cubic feet per year.
This news certainly bodes well for our industry's future as almost all the natural gas we consume is produced right here in the good ole USA. Those huge new natural gas tanker ships won't have to visit our ports anytime soon. While my natural gas costs have been stable in recent months, I'd sure like to seem them fall a bit in the near future.