Unlike oil, gas has not traditionally been a globally traded commodity. Most gas historically has moved by pipeline so it's a regional market. So, for example, North America was one market connected by pipelines and Europe another.
LNG is starting to change that because gas can be shipped anywhere in the world where prices are most favorable. So, for example, if gas prices are higher in the EU than the US, more LNG flows to Europe.
Convert your cars to use natural gas ( NGV ) for good saving. Reduce using gasoline. Products that traded as commodity enable companies/goverment to a make money. Natural gas suppose to be the best energy source ( clean, etc.. ), why at this low price ? Conspiracy ofthe rich/companies who owned oil company.
Tubecharles2989 11 months ago
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exaltedangel09 2 years ago
natural gas is getting killed. thanks for advice.
flagship21 2 years ago
Good call on rising prices for natural gas. It has been over $13/1000 cubic feet versus just under $8 last January. If we have a hot summer which requires a lot of electricity for AC, I believe this will be bullish for natural gas as US electric power generation uses a lot of natural gas.
y9kids 3 years ago
Government has no control over crude prices....unless you're talking about the Saudi government and even they aren't as powerful as they used to be. As for people, the American people also have no control over crude prices...China and India are the swing factor, not the US. Then there are the US oil companies that politicians like to portray as "evil." Unfortunately, they control less than 5 percent of world oil supply put together so no matter what you do to them, oil prices won't come down.
kciinvesting 3 years ago