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    All Forums | Investments

    If our country is loaded with natural gas, why arent alot

    cd329
    jaxwhitey
    claycourtlesson
    gjl02
    wallstreetcappers
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    cd329
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    Posted: Jul. 17, 2008 - 7:16 PM ET #1

    of things being converted to that form of energy? Am realy confused by this.  Even oilman t boone pickens say our country should be going more to natural gas.  So why arent we?  Instead were trying to turn corn into fuel.
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    of things being converted to that form of energy? Am realy confused by this.  Even oilman t boone pickens say our country should be going more to natural gas.  So why arent we?  Instead were trying to turn corn into fuel.
     
    jaxwhitey
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    Posted: Jul. 17, 2008 - 7:27 PM ET #2

    Just a guess, but maybe its the lack of infrastructure to make it viable as an alternative to oil right now.  Cars are not equipped to run on nat gas (some buses/trucks are), there are very few nat gas stations to fill up at and on the whole nat gas fuel tanks cannot get you the same distance per fill up that conventional gas tanks can.

    Unfortunately I think we would need sustained gas prices over $4 to cause a real shift from an oil based economy.  Oil demand has only dropped by 2% in the US this year, with oil prices up 100%.
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    Just a guess, but maybe its the lack of infrastructure to make it viable as an alternative to oil right now.  Cars are not equipped to run on nat gas (some buses/trucks are), there are very few nat gas stations to fill up at and on the whole nat gas fuel tanks cannot get you the same distance per fill up that conventional gas tanks can.

    Unfortunately I think we would need sustained gas prices over $4 to cause a real shift from an oil based economy.  Oil demand has only dropped by 2% in the US this year, with oil prices up 100%.
     
    claycourtlesson
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    Posted: Jul. 17, 2008 - 7:32 PM ET #3

    It's all about politics, money, power, and control.  This country has been talking out of both sides of its mouth for eons.
     
    One lie after another.
     
    Since we're on the commodity subject here.....I would say that the base alloy of the good ol' USA is hypocrisy.
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    It's all about politics, money, power, and control.  This country has been talking out of both sides of its mouth for eons.
     
    One lie after another.
     
    Since we're on the commodity subject here.....I would say that the base alloy of the good ol' USA is hypocrisy.
     
    gjl02
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    Posted: Jul. 17, 2008 - 8:25 PM ET #4

    and we would have to drill in restricted areas to get it and we know they dont want to do that
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    and we would have to drill in restricted areas to get it and we know they dont want to do that
     
    wallstreetcappers
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    Posted: Jul. 17, 2008 - 9:39 PM ET #5

    cd,

    NG has limited uses compared to RAW crude..you cannot take NG and turn it into many things, while you can take crude and turn it into a ton of things.

    Our cars, manufacturing, airplanes etc are for the most part not equipped for using NG, and it is also not as effective VOLUME wise, meaning natural gas has different properties than crude/gas and makes it impractical to use for certain things.
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    cd,

    NG has limited uses compared to RAW crude..you cannot take NG and turn it into many things, while you can take crude and turn it into a ton of things.

    Our cars, manufacturing, airplanes etc are for the most part not equipped for using NG, and it is also not as effective VOLUME wise, meaning natural gas has different properties than crude/gas and makes it impractical to use for certain things.
     
    jaxwhitey
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    Posted: Jul. 17, 2008 - 9:53 PM ET #6

    I did a little research and apparently Honda did make a natural gas Civic as recently as last year, not sure if they still produce them or not (GM, Ford, Chrysler all quit making them by '04).  They only sold them in California and New York and mostly as fleet vehicles.  The starting price was about $25K for the nat gas version as opposed to $17K for a normal Civic.  To fill it up would still be difficult if you were driving long distances (only gets about 200 miles per tank) but you could buy a home refueling kit for about $4K and just fill up straight from your homes nat gas line.

    The article I read (2007) listed gas as being $3.50 per gallon and the nat gas equivalent at $2.55 at one of the few service stations around, but filling up at home would be even cheaper than that.

    I would link the article but for some reason this board won't let me cut and paste.  The article was from July 2007 and was in USA Today
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    I did a little research and apparently Honda did make a natural gas Civic as recently as last year, not sure if they still produce them or not (GM, Ford, Chrysler all quit making them by '04).  They only sold them in California and New York and mostly as fleet vehicles.  The starting price was about $25K for the nat gas version as opposed to $17K for a normal Civic.  To fill it up would still be difficult if you were driving long distances (only gets about 200 miles per tank) but you could buy a home refueling kit for about $4K and just fill up straight from your homes nat gas line.

    The article I read (2007) listed gas as being $3.50 per gallon and the nat gas equivalent at $2.55 at one of the few service stations around, but filling up at home would be even cheaper than that.

    I would link the article but for some reason this board won't let me cut and paste.  The article was from July 2007 and was in USA Today
     
    jaxwhitey
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    Posted: Jul. 17, 2008 - 10:05 PM ET #7

    The Civic Gx is still available in California and Honda puts its range at 225-250 miles per tank.  They also state the home refueling unit could take up to 16 HOURS to refill your tank if it is empty, however at a nat gas station it would take about as long as a regular fill up since the stations use compressed nat gas.

    As to wallstreets point, nat gas cannot be used to make plastics, etc.  But if we began to use crude oil just for plastics, makeup, etc and nat gas for transportation, that could be a very good move.  More jobs in the US (we have lots of nat gas) and less money going to gov'ts that hate us are just two reasons that immediately come to mind.
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    The Civic Gx is still available in California and Honda puts its range at 225-250 miles per tank.  They also state the home refueling unit could take up to 16 HOURS to refill your tank if it is empty, however at a nat gas station it would take about as long as a regular fill up since the stations use compressed nat gas.

    As to wallstreets point, nat gas cannot be used to make plastics, etc.  But if we began to use crude oil just for plastics, makeup, etc and nat gas for transportation, that could be a very good move.  More jobs in the US (we have lots of nat gas) and less money going to gov'ts that hate us are just two reasons that immediately come to mind.
     
    wallstreetcappers
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    Posted: Jul. 17, 2008 - 10:05 PM ET #8

    Ive seen that same article.

    There are conversion companies who turn ANY car/truck/vehicle into a CNG operable vehicle, but when you add the conversion costs and the limitations distance wise, the length of time it would take to realize the price difference is a very long time. Also as we have discussed here all converting to NG does is shift the demand, it does not reduce it..so now NG goes higher, peoples heating costs go up and the net result is bupkis.

    The problem is DEMAND..slow demand, not shift it.
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    Ive seen that same article.

    There are conversion companies who turn ANY car/truck/vehicle into a CNG operable vehicle, but when you add the conversion costs and the limitations distance wise, the length of time it would take to realize the price difference is a very long time. Also as we have discussed here all converting to NG does is shift the demand, it does not reduce it..so now NG goes higher, peoples heating costs go up and the net result is bupkis.

    The problem is DEMAND..slow demand, not shift it.
     
    jaxwhitey
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    Posted: Jul. 17, 2008 - 10:32 PM ET #9

    Slowing demand would be nice, but lets face it, Americans aren't going to change their habits.  Gas has gone up 100% in the last year and demand has gone down 2%.  Meanwhile we are sending billions of dollars per year to people who hate us and we keep sitting at a McDonalds drive thru for 15 minutes instead of walking inside.  Why not shift the demand to something that we have so that we keep the money within the country, paying our own people to drill, run pipelines, etc? 

    The Marcellus shale reportedly has about 167 trillion cubic feet of nat gas, 128 cubic feet of nat gas is roughly equivalent to 1 gallon of gas.  I like the math on that, and that is only one natural gas field and it is in America.
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    Slowing demand would be nice, but lets face it, Americans aren't going to change their habits.  Gas has gone up 100% in the last year and demand has gone down 2%.  Meanwhile we are sending billions of dollars per year to people who hate us and we keep sitting at a McDonalds drive thru for 15 minutes instead of walking inside.  Why not shift the demand to something that we have so that we keep the money within the country, paying our own people to drill, run pipelines, etc? 

    The Marcellus shale reportedly has about 167 trillion cubic feet of nat gas, 128 cubic feet of nat gas is roughly equivalent to 1 gallon of gas.  I like the math on that, and that is only one natural gas field and it is in America.
     
    wallstreetcappers
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    Posted: Jul. 17, 2008 - 11:28 PM ET #10

    The problem is that NG from shale costs a ton to "harvest" and transport..

    NG has plenty of problems and these remote locations with no delivery in place will keep being reserves.


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    The problem is that NG from shale costs a ton to "harvest" and transport..

    NG has plenty of problems and these remote locations with no delivery in place will keep being reserves.


     
    cd329
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    Posted: Jul. 18, 2008 - 1:13 AM ET #11

    Quote Originally Posted by jaxwhitey:

    Slowing demand would be nice, but lets face it, Americans aren't going to change their habits.  Gas has gone up 100% in the last year and demand has gone down 2%.  Meanwhile we are sending billions of dollars per year to people who hate us and we keep sitting at a McDonalds drive thru for 15 minutes instead of walking inside.  Why not shift the demand to something that we have so that we keep the money within the country, paying our own people to drill, run pipelines, etc? 

    The Marcellus shale reportedly has about 167 trillion cubic feet of nat gas, 128 cubic feet of nat gas is roughly equivalent to 1 gallon of gas.  I like the math on that, and that is only one natural gas field and it is in America.

     

    Yup thats my point if our country is so loaded with natural gas, then start spending the money now to convert what things we can to natural gas. Sure lots of things you cant use it for, but what can be used, we should start doing now.  Like you said look at all the jobs and money that will stay in our own country.  That sure could help to spur the economy.  Its gonna be hard to get Americans to change their ways, unless gas goes to 10 bucks a gallon and if that happens, you can kiss our whole economy goodbye. 

    Also another thing that i just dont understand is why dont we start copying what brazil has done with beets to make their fuel.  Why are we screwing around trying to convert corn to fuel, when beets are so much better and its already been proven that it works well. It sort of seems like the powers to be are the ones who are really lying and raping us. When the greatest nation supposedly on the planet cant find new forms of energy in this day and age, am sorry but am smelling scam.  I truly believe that these new forms of energy are being held back, so the oil companies can sell us every last drop of oil on this planet, before introducing us to new stuff.

    I dont have kids and its to late in life for me to have some, but i truly feel sorry for all you guys who have kids and what they and their kids are gonna have to face down the road.  Pretty scary stuff.  Maybe someday we will once again have leaders in our country who do the right thing for the good of all the people, not just themselves and special interests.

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    Quote Originally Posted by jaxwhitey:

    Slowing demand would be nice, but lets face it, Americans aren't going to change their habits.  Gas has gone up 100% in the last year and demand has gone down 2%.  Meanwhile we are sending billions of dollars per year to people who hate us and we keep sitting at a McDonalds drive thru for 15 minutes instead of walking inside.  Why not shift the demand to something that we have so that we keep the money within the country, paying our own people to drill, run pipelines, etc? 

    The Marcellus shale reportedly has about 167 trillion cubic feet of nat gas, 128 cubic feet of nat gas is roughly equivalent to 1 gallon of gas.  I like the math on that, and that is only one natural gas field and it is in America.

     

    Yup thats my point if our country is so loaded with natural gas, then start spending the money now to convert what things we can to natural gas. Sure lots of things you cant use it for, but what can be used, we should start doing now.  Like you said look at all the jobs and money that will stay in our own country.  That sure could help to spur the economy.  Its gonna be hard to get Americans to change their ways, unless gas goes to 10 bucks a gallon and if that happens, you can kiss our whole economy goodbye. 

    Also another thing that i just dont understand is why dont we start copying what brazil has done with beets to make their fuel.  Why are we screwing around trying to convert corn to fuel, when beets are so much better and its already been proven that it works well. It sort of seems like the powers to be are the ones who are really lying and raping us. When the greatest nation supposedly on the planet cant find new forms of energy in this day and age, am sorry but am smelling scam.  I truly believe that these new forms of energy are being held back, so the oil companies can sell us every last drop of oil on this planet, before introducing us to new stuff.

    I dont have kids and its to late in life for me to have some, but i truly feel sorry for all you guys who have kids and what they and their kids are gonna have to face down the road.  Pretty scary stuff.  Maybe someday we will once again have leaders in our country who do the right thing for the good of all the people, not just themselves and special interests.

     
    Gunners
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    Posted: Jul. 18, 2008 - 8:32 AM ET #12

    China is way ahead of us in this CNG game.  I'm playing that via CHNG.  should be nasdaq listed soon, good buying opportunity in my opinion.  i made a lot of money on it in the china boom of last fall.  I've been buying back in.  read through their news history, you can't argue with what they're doing.  Expanding as more and more cars, trucks and buses are using CNG in China. 
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    China is way ahead of us in this CNG game.  I'm playing that via CHNG.  should be nasdaq listed soon, good buying opportunity in my opinion.  i made a lot of money on it in the china boom of last fall.  I've been buying back in.  read through their news history, you can't argue with what they're doing.  Expanding as more and more cars, trucks and buses are using CNG in China. 
     
    gjl02
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    Posted: Jul. 18, 2008 - 11:36 AM ET #13

    not all beets in aamerica are sugar beets. only chance is sugar cane considering it has one of the highest energy yields and is much cheaper at the moment. Brazil has an  over abundance of sugar cane hence cuba who doesnt even use all there sugar can they leave it to rot. as you people keep saying slow demand by making auto mobiles more efficient.. that is the only chance. the time is coming in 2010 from the auto makers. 
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    not all beets in aamerica are sugar beets. only chance is sugar cane considering it has one of the highest energy yields and is much cheaper at the moment. Brazil has an  over abundance of sugar cane hence cuba who doesnt even use all there sugar can they leave it to rot. as you people keep saying slow demand by making auto mobiles more efficient.. that is the only chance. the time is coming in 2010 from the auto makers. 
     
    LeRinkRat
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    Posted: Jul. 18, 2008 - 8:06 PM ET #14

    well here's one damn reason why we probably don't use natural gas enough for ground transport vehicles
     
    https://www.covers.com/postingforum/post01/showmessage.aspx?spt=87&sub=931264
     
    I'm pretty liberal and I can't figure the TOTAL STUPIDITY of some of these radical enviromentalist NUTS.
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    well here's one damn reason why we probably don't use natural gas enough for ground transport vehicles
     
    https://www.covers.com/postingforum/post01/showmessage.aspx?spt=87&sub=931264
     
    I'm pretty liberal and I can't figure the TOTAL STUPIDITY of some of these radical enviromentalist NUTS.
     
    LeRinkRat
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    Posted: Jul. 18, 2008 - 8:07 PM ET #15

    and as for corn (hole) based ethanol, ti's nothing but a political SCAM.
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    and as for corn (hole) based ethanol, ti's nothing but a political SCAM.
     
     
    cd329
    cd329
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    Posted: Jul. 18, 2008 - 8:17 PM ET #16

    Quote Originally Posted by LeRinkRat:

    and as for corn (hole) based ethanol, ti's nothing but a political SCAM.

     

    I agree 100 percent with you on that  Its a total scam using corn

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    Quote Originally Posted by LeRinkRat:

    and as for corn (hole) based ethanol, ti's nothing but a political SCAM.

     

    I agree 100 percent with you on that  Its a total scam using corn

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