I love those energy independence stories. They always warm the cockles of my heart while my ass is freezing from the global warming currently consuming the nation. Remember all those stories about U.S. exports soaring? It wasn’t oil exports. It was LNG exports from our shale gas boom. It seems we may have exported too much propane. There are shortages across the country, as the polar express keeps chugging along. National prices have surged by 30% over last year and in some places have doubled or tripled to $5 or $6. But, don’t worry. The BLS will adjust away the increase, so your inflation won’t be higher. And energy independence is right around the corner. CNBC tells me so.
It seems the shale gas boom is running out of gas. The MSM has been telling me we have so much shale gas, we’re going to need Gas-Ex to get rid of it. I’ve read that we’re at capacity. Someone seems to be lying as the amount of natural gas in storage is currently 13% BELOW the 5 year average and 20% below last year levels at this same time. Where the frack did all the Marcellus shale gas and the Ford shale gas go? You aren’t going to tell me the corporate MSM and the Wall Street shysters have been peddling a false storyline?
Well thank God for Global Warming. We all know the planet is getting warmer, so we surely don’t need more propane and natural gas. What you say? Record cold temperatures are here to stay. How can that be? Combine the false storyline of global warming and the false storyline of 200 years supply of shale gas and you’ve got yourself a cold day in hell and a heating bill that will make you shit ice cubes. Keep worrying about that deflation. Your owners are counting on you staying willfully ignorant.
Drill Here! Frack Now! Gas prices will drop. Energy Independence!
And Boobus Americanus fell for that line of bs.
“you’ve got yourself a cold day in hell and a heating bill that will make you shit ice cubes”
That’s some pretty funny shit right there. I need to start shitting bitcoins to pay my gas bill.
I read on 321 Gold that shale gas will peak this year or next. Some shale revolution, the cost of drilling for it, short life of wells, then if we export it, it take 25% of the energy to liquidify.
What will this mean for the retail sector moving forward as people are spending quite a bit of money just to stay warm?
Tom, retail is dying for many reasons, not just because people spend more on energy and fuel. Survey after survey shows they don’t feel material things make them happy, they’re not interested in accumulating “stuff” they don’t need, they feel that time spent with family is more rewarding than being able to buy anything they want, etc. Among Millennials, the interest in owning homes or even cars is at its lowest rate for young adults in years.
Sure, expenses as a whole are a problem, as are rising costs for just about everything. But I think what’s really going on is a “hangover” from the mass consumerism of the 80s – early 2000s.
So, it has nothing to with a rush to drill, over surplus, market crash, and a little manipulation to raise the price back to the level of production?
Nothing? Why doesn’t it surprise me absolutely no one knows what they’re talking about.
BTW, welcome back, Welshman. It’s been awhile. There’s some new faces, but otherwise SSDD.
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Please tell us how God contributed to the gas shortage. It’s his will, right?
I’m not sure why you would say that, Admin, but you’ve been a pretty shitty mood for a couple of days now.
Enjoy your debt free retirement. We’re all fucked, it’s only a matter of degrees, and yes, the only salvation I see anywhere on the horizon is the truth of God’s Word. If you have any additional words of wisdom, I would love to hear them.
I’m raising my children the best way I know how, as I’m sure you have and are doing the same. I’m not sure what else there is to do, except love God and obey his commandments. It’s in Ecclesiastes, somewhere.
Why you so sad?
BTW, I hate even the idea of fracking. I can’t think of an environmentally worse solution.
This is a major issue right now in North Carolina where it turns out thousands of square miles of mineral rights were separated from the deed, and subsequently bought by one person who wants to exercise those rights.
Titles transferred and homes were built without any knowledge of the risks. The mineral rights were bought in the 1970’s on the speculation coal deposits might be found.
This single individual stands to make millions on the production of natural gas by fracking, but at what cost to the environment? One can only hope the state legislature isn’t corrupted by the NG production industry and does the right thing, minimizing risk, small scale production, and requiring the producer to reclaim one site before moving to another site. Will the industry work under such constraints. Maybe not, and maybe they can go get their gas from Russia, where the population is near zero, and no one cares about the environment.
A herd of dairy cows nearly lifted the roof off their barn in central Germany when methane released by the animals caused an explosion.
Police in Hesse state said in a statement that a static electric charge apparently triggered the detonation, and a spurt of flame, on Monday at a farm in Rasdorf. The roof was slightly damaged and one cow suffered light burns. No people were hurt.
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Holy Corn Fed Flame!!
I think the powers that be are already calling it “climate change” now vs “Global Warming”. This way they have their bullshit covered either way.
Err, sometime between waking up this morning and getting out of bed, I realized propane and natural gas are produced by divergent processes, and my rant about fracking and natural gas market forces was off base and totally out of line. I apologize to all of my friends on TBP, if I have any.
At least LL considers me as part of his family. Gotta go. Snow to shovel and bills to pay.