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GasBuddy News Article

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Energy Why Lower Natural Gas Prices Help the U.S. Only a Little

Bloomberg Businessweek -- There’s a rule of thumb that says a $10 rise in the price of a barrel of oil reduces gross domestic product growth by anywhere from 0.2 to 0.5 percentage points. Applied over the past six months, when crude prices rose by about $30 from early October to the end of March, that means dearer oil might’ve chewed as much as 1.5 percent out of GDP growth during the last two quarters. Not a trivial amount considering GDP increased 3 percent in the fourth quarter of 2011. Economists surveyed by Bloomberg tend to think the economy grew just 2.2 percent in the first three months of 2012, when the price of gas really took off.

Oil is our economy’s most important raw material. The price of it (and therefore, gasoline) impacts the price of just about everything we buy, from groceries to clothes to app


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Submitted Apr 27, 2012 By: SUPPER
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy Why Lower Natural Gas Prices Help the U.S. Only a Little Back to Topics
REPLIES (newest first) Post a Reply
sydb7
Champion Author Atlanta

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Message Posted: May 1, 2012 6:27:42 AM

Most of the "new" natural gas is being exported!
honda0105
Champion Author Tallahassee

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Message Posted: Apr 30, 2012 2:54:11 AM

Av_Bob: just can't change the minds of some people. Some are too, ummm.. judge-mental?
honda0105
Champion Author Tallahassee

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Message Posted: Apr 30, 2012 2:52:45 AM

TedNC: you're right.
rjhenn
Champion Author Des Moines

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Message Posted: Apr 28, 2012 9:08:15 PM

bvrbill - "We need to see more natural gas powered vehicles and fueling stations. A Chevy Volt can't move freight. A natural gas powered truck, can."

Imagine a semi tractor with a 140-hp electric motor in each of four drive wheels, some batteries and a matched engine/generator with a bit more power than needed to keep a loaded truck moving at 70 mph.
sparky808
Champion Author Honolulu

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Message Posted: Apr 28, 2012 1:11:32 PM

Thank you for posting.
remay
Champion Author Houston

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Message Posted: Apr 28, 2012 11:21:19 AM

Yep, and it seems we are SLOOOOOWWWW to do anything about the abundance!
golftellowcat
Champion Author Ottawa

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Message Posted: Apr 28, 2012 4:25:48 AM

ok
letterchunker
Champion Author Texas

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Message Posted: Apr 27, 2012 9:48:53 PM

ok
Aviator_Rob
Champion Author New York

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Message Posted: Apr 27, 2012 9:31:19 PM

southrob said, "what would help alot on the gas price would be to drill on federal land"

Actually, no it wouldn't. All of this natural gas flooding the market is shale gas which is predominantly found in the eastern U.S. The vast majority of federal land is out west.

Don't be greedy. Leave the federal land alone. Leave someplace for our grandchildren to drill.
Aviator_Rob
Champion Author New York

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Message Posted: Apr 27, 2012 9:28:14 PM

Once again, judgemobile, there is no switch in the Oval Office that controls fuel prices in this country.

If you want to blame someone, go to the source, namely Big Oil.
Aviator_Rob
Champion Author New York

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Message Posted: Apr 27, 2012 9:25:53 PM

I'm intrigued by the idea of natural gas powered 18-wheelers but how big would the fuel tanks have to be? Natural gas requires much larger tanks than those used for diesel. Would that drastically reduce the volume of freight that can be handled per trailer?
rawdog1313
Champion Author Lexington

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Message Posted: Apr 27, 2012 9:05:33 PM

Really...?
joel27nc
Champion Author Raleigh

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Message Posted: Apr 27, 2012 9:03:37 PM

Wish I could afford to convert my vehicle to NG.
rickone
Champion Author Detroit

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Message Posted: Apr 27, 2012 9:01:52 PM

Interesting - Thanks for posting.
bvrbill
Champion Author Eugene

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Message Posted: Apr 27, 2012 9:00:59 PM

We need to see more natural gas powered vehicles and fueling stations. A Chevy Volt can't move freight. A natural gas powered truck, can.
Aviator_Rob
Champion Author New York

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Message Posted: Apr 27, 2012 8:59:23 PM

Ok
hauler43
Champion Author Oakland

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Message Posted: Apr 27, 2012 8:58:29 PM

OK
jrsva
Champion Author Virginia

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Message Posted: Apr 27, 2012 8:55:07 PM


The link to the full article is broken. Here is the correct link.
judgemobile
Champion Author Ohio

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Message Posted: Apr 27, 2012 8:54:54 PM

prices got down to $ 1.91...when suddenly THEY noticed, and now prices are back near 2.20. Remember at the polls in November under who's watch this suden HIKE happened.
mstearno
Champion Author Dayton

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Message Posted: Apr 27, 2012 8:52:42 PM

I suppose higher prices would help more?
boatmen
Champion Author New York

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Message Posted: Apr 27, 2012 8:48:01 PM

gas to damm high
miiike572
All-Star Author Phoenix

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Message Posted: Apr 27, 2012 8:47:43 PM

...
DandyDapple
All-Star Author North Dakota

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Message Posted: Apr 27, 2012 8:47:18 PM

OMG 2012 ...
sammy518
Champion Author Austin

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Message Posted: Apr 27, 2012 8:43:17 PM

ok
g747
Champion Author Mobile

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Message Posted: Apr 27, 2012 8:42:32 PM

I agree with that whole statement.
silverfoxv65
Champion Author Michigan

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Message Posted: Apr 27, 2012 8:41:14 PM

Yea and our speculators drive it in the ground every day.
suzmar
Champion Author Texas

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Message Posted: Apr 27, 2012 8:38:21 PM

We need to use more natural gas. Chesapeake is leading the way, spending lots of money to innovate new uses for natural gas.
prcoqui
Champion Author Maryland

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Message Posted: Apr 27, 2012 8:36:39 PM

Interesting.
skybiker
Champion Author South Carolina

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Message Posted: Apr 27, 2012 8:30:03 PM

Use NG for fixed heating and electric and gas for transportation. We have enough oil for 200 more years right here in the USA....
babugp
Veteran Author Philadelphia

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Message Posted: Apr 27, 2012 8:28:23 PM

k
clermont40miles
Champion Author Cincinnati

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Message Posted: Apr 27, 2012 8:28:18 PM

Bad link.

NG needs infrastructure to become a widely available resource.

I hope the suppliers get busy soon. Vehicles will follow.

Will speculators ruin this affordable commodity too? Most likely they will.
hcivic
Champion Author Virginia

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Message Posted: Apr 27, 2012 8:24:47 PM

ok, i know
ROSYMI
Champion Author Michigan

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Message Posted: Apr 27, 2012 8:23:18 PM

ok
jrsva
Champion Author Virginia

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Message Posted: Apr 27, 2012 8:22:35 PM


The link to the full article is broken.
Here is the correct link.
silverghost2000
Sophomore Author Victoria

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Message Posted: Apr 27, 2012 8:22:13 PM

.
bif65
Champion Author Virginia

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Message Posted: Apr 27, 2012 8:18:15 PM

ok
us4usa
Champion Author Missouri

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Message Posted: Apr 27, 2012 8:15:00 PM

Switch all cars and trucks to NG, we only make/have so much money why send it to OPEC????
DustyHorse
Champion Author Virginia

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Message Posted: Apr 27, 2012 8:14:51 PM

The link to the full article is broken.
abcdMA
Champion Author Worcester

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Message Posted: Apr 27, 2012 8:12:18 PM

we need to use more natural gas
Lukus
Champion Author Halifax

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Message Posted: Apr 27, 2012 8:07:12 PM

OK
southrob
Champion Author Tucson

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Message Posted: Apr 27, 2012 8:04:58 PM

what would help alot on the gas price would be to drill on federal land
The_DR
Champion Author New Jersey

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Message Posted: Apr 27, 2012 8:03:17 PM

ok
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Apr 27, 2012 8:00:53 PM

wow
Yankee829
Champion Author Dallas

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Message Posted: Apr 27, 2012 8:00:36 PM

Ok
carman11
Champion Author North Carolina

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Message Posted: Apr 27, 2012 7:58:52 PM

Ok
CHEAPERBETTER
All-Star Author Lansing

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Message Posted: Apr 27, 2012 7:58:24 PM

We have plenty of NG, but not enough capacity to liquify it.
my2002m
Champion Author Tulsa

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Message Posted: Apr 27, 2012 7:53:19 PM

Because we use so little for fueling our vehicles. Need more options for natural gas powered vehicles.
BrucePen
Champion Author Ontario

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Message Posted: Apr 27, 2012 7:48:50 PM

They can't count the money fast enough at Goldman Sachs.
warlord1
Champion Author Georgia

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Message Posted: Apr 27, 2012 7:45:20 PM

ok
fenster66
Champion Author Pittsburgh

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Message Posted: Apr 27, 2012 7:45:15 PM

ending speculation would help....
skyking19
Champion Author Little Rock

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Message Posted: Apr 27, 2012 7:44:53 PM

Need more of it!
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