Tired of high gasoline pump prices? Wondering why, with our fearsome energy hunger, all the energy seems to be in the Middle East?
That was yesterday's story.
Almost overnight -- well, in a few short years -- the energy picture has been changing in the US. We are not energy beggars anymore. We have energy bounty -- and that does not include the energy from wind and sun, or the controversial energy from the atom.
Now we have plenty of the most versatile of the hydrocarbons -- more versatile than coal, and oil. It is natural gas; and it is going to change the face of America remarkably quickly, whether it is used to make electricity for electric cars or is burned directly in cars.
Natural gas is the new oil, maybe the new gold, and certainly the most exciting energy development in a long time.
Indeed, it is a Cinderella story: a hopeless orphan who is now the belle of the ball.
Originally, natural gas was found in conjunction with oil and was regarded as something of a nuisance. It was mostly cursed and “flared” or burned at the well; and it is still flared when there is no way of moving it to market, either in a pipe or as a liquid. Cities favored a low-grade gas made from coal for lamps and heating because coal could be transported by rail. Full article at: Natural Gas
Long term investment in energy is something i'd never go for. Reason: 2 words - Cold Fusion. The minute that comes out, energy supply will go through the roof. For reasons i wont bore you with, they could have a eureka moment that makes it happen at any point. There's a significant outlier that can destroy the best laid plans.
Another reason why I avoid oil, but hold a curious fascination about the energy market is that the oil reserves arent creating themselves. Those we have found, we have quantified and drilled to where economically viable. War in Italy? No oil created or destroyed. Whichever crackpot rules the oil nations will still need to sell it to fund their despotic existence, and someone will always buy it. If they cant sell to the US because they're batshit crazy they'll sell to China, who will sell it to the US. Wild fluctuating prices? Demand is largely predictable, and supply is known, so why should the price change? Well that could be because of the traders themselves, making a market for the sake of trading it.
The minute there becomes a new oil, some other gizmo that people want to sink their money in, it'll go the same way as pre-scrubber coal.
...cold fusion. that's preposterously wishful thinking. do you have any recent evidence of it actually being real?
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