Check it out, $3.66 as I write this.
Overall, it is hard to argue with a 95% increase in 15 months ($1.87 last June to $3.65 currently). You know of another energy commodity that can/has done that? Coal? Oil? Solar? Wind? Whatever?
Don't get on the wrong side of that line.
Indeed. Today was a good spike. End-of-year at or above $4. That is near-term. You will be on the wrong side of that trade as well.
Check out the rigs out there, 394, down 12.8% from last year and WAY down from the 1,590 rigs in 2008.
Domed storage back in the middle of 5 year averages, build mostly less than expected, guess what, short term it's going up.
Normal winter and it is $4.5 to $4.75 by March. Ask my buddy T. Boone.
Et vous? You sight a nebulous them, they ... were you at each of the meetings or have digested the papers? Nothing speaks louder than fact so be very careful (not conjecture, models or hypothesis). That is why we have Civil courts, often two very intelligent individuals have differing opinions and both actually can be correct.
So, as any well healed scientist working on a theory or hypothesis, please take the opposite side and intelligently defend how the models can be incorrect and in need of refining. Otherwise, please give it a rest, you have presented zero facts. Please reference your prior posts.
Young student, you write many words but say little. I suggest you actually study that of which you write (if you really want to continue to be relevant in any discussion). Unitl then, let the 'old folk' discuss issues we have more knowledge of than you and read and absorb. Please re-read my earlier comments about refining models ... they ALWAYS require refining.
NatGas Spot will be headed to $4 very quickly. Gas suppliers and coal suppliers some ray of hope in pricing:
U.S. natural gas storage rose less-than-expected last month, official data showed on Thursday.
In a report, Energy Information Administration said that U.S. Natural Gas Storage rose to a seasonally adjusted annual rate of 46B, from 65B in the preceding month.
Analysts had expected U.S. Natural Gas Storage to rise 56B last month.
Now $3.50. What is this, a stock ticker report?
Good luck to all, $4 is not that far away,
Just to clarify Mr. Jim,
Your facts are mistaken. Germany does not get 20% of it's power from solar, quite the contrary. Germany gets 25% of it's power from renewable energy sources (wind, water, biomass, solar, wood pellets, etc.). Of this 21.2% of the 25% is from solar = 5.3%.
Check me on it if you wish.
To cope with the closing of all nuclear by 2022, there are now plans to build 26 new coal fired plants and increase the use of renewables. If mathematics prove linear, quantities of each will increase, but the percentages may not change.
With the price moving down some, but not significantly. Tell us oh great chartists, what do you see?
Wow, you just woke up after 2 1/2 years of decline and noticed? Prophetic.
However, do tell, what percentage of electricity was generated from coal in 2012 v 2013 so far? Is it going down?
"Increase". What kind of percentage is that? Do tell. Come on, you floated the post now fess up.
Did you know that methane (aka natural gas) has 25x the GWP of CO2? Did you know it is not measured or regulated at fracking sites but soon will be? Did you know there is no 'free lunch' with any solution?
You missed the negative nelly bandwagon. Sorry.
Huge fires. How about Piedmont, CA last week and then Delanco, NJ two weeks before that. Go read about it. Second was a 300,000 sq ft structure with 7,000 panels that burned to the ground. As I said, there is no 'free lunch'.
Methane better for the environment, that is absolute rubbish. What organism can intake and process methane?
Let me know about CO2 ... know any organisms on earth that take it in and spit out oxygen? Come on, remember your 5th grade science class. Do tell. If you can't remember:
"Plants carry out respiration when there is no light (eg night) this is opposite to photosynthesis during the day (Water + Carbon Dioxide = Glucose + Oxygen)"
That is why we aren't seeing global warming, the CO2 is being kept in balance by the most plentiful life on earth. Get use to it, it has been a half billion years that way according to 'scientists'.
You mix things up, are very late the party, and only quote one side.
There have been HUGE cost reductions in the sales and mining (aka 'expense side') of one of our most abundant natural (aka 'national') resources. Layoffs, sales of non-profitable areas ($400MM plus recently into the ACI treasury) , etc.. Everything is just now coming back into balance after the incredibly warm last winter and over supply of Natty.
Wind turbines are killing bald eagles by the 100s. Hydro is maxed out with available sources. Solar is expensive, dangerous and not ecco friendly either (please relate to use what is happening in Joshua Tree, you can find it, I know you can).
Natty - Cheseapake and Exxon have lost billions and billions of dollars with an out-of-ground cost at ~$5 and spot retail at $2-4. The number of rigs in production is what, ~350 from ~1,600 a few years ago? Go to the EIA website, it's all there in black and white. The price has to come up or the supply will continue to drop (especially with a cold winter) and will not be replenished; domed inventory is actually back down to slightly UNDER the 5 year average.
Guess what, Natty spot goes up, coal goes up. Competing resources.
Again, EIA widely reports that coal is and will continue to be the largest growing power source in the world for the next 20+ years, they aren't kidding.
Go get Natty in Europe and Asia/Russia, HAH, go ask Exxon how that has worked out. You can also find it on google simply. Poland was a bust, China was a bust ...
One of our biggest NATIIONAL resources is going to come back, big time and soon.
Even with your shaky hypothesis, exponential growth from a base of what, 1-2% total power generation, is mathematically insignificant for quite some time. Solar technology has been around for quite a long time (long relative to human lifespan, not long compared to the creation of the planetary system). What gives now other than a big push?
So, you are saying the Energy Information Administration (aka US Government, laiden with mathematicians and statisticians) is absolutely incorrect that coal will be the largest growing energy source over the next 20 years in the world? You should write and give them the correct information, they are very confused.