Category Archives: NG

Volatility Will Eventually Descend on US Natural Gas Prices

A natural gas adoption cycle is underway in the United States, as the country increasingly sources and consumes its own very cheap production. That natural gas (NG) prices have remained weak in the face of so much supply is no surprise. Rather, it’s the expansionary integration?of natural gas into the US economy, and in particular […]

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Natural Gas: Great Expectations – August Issue of TerraJoule.us

Each issue of TerraJoule.us contains:?a Main Essay, a Model Portfolio, a Data Brief, and a link to a?Downloadable Podcast. Gregor Macdonald, Editor. For a more detailed description of each issue’s contents, please see the?Purchase?section. This month’s publication, Natural Gas: Great Expectations, ?takes a look at the natural gas resource base, and the coming LNG export […]

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North America Takes Further Steps to Export its Natural Gas

North America has a number of LNG export projects underway, mostly in Kitimat, British Columbia. But yesterday the US Federal Energy Regulatory Commission (FERC) approved the first application for such a facility in the lower 48. Until these projects are operational, North American natural gas will continue to be trapped by geography. And, given that […]

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North American Natural Gas Breaks Below Two Dollars, for a Million BTU

Natural gas in North America broke below the $2.00 barrier today, for the first time in ten years. It’s important to remember that, unlike oil, natural gas does not trade at a converged, global price. Accordingly, a million BTU in LNG form currently trades for over $9.00 in the UK, and over $15.00 in Japan. […]

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Vexed By Natural Gas

United States natural gas production in 2010, with just one month of data still due for delivery, is set to nearly match the all time highs last seen in the early 1970’s. By averaging 1,871,272.5 million cubic feet per month through November of last year, total US NG production is slated to reach 22,455,270 million […]

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Land of Gas

The ongoing controversy which surrounds the shale natural gas story is a nice example of?entangled theories and beliefs. And, how thoughtful observers can be right on different aspects of a complex phenomenon, while arguing against each other vociferously all the while. ?At issue? Whether the tremendous upward swing in US natural gas production is sustainable. […]

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Rocky Mountain Surplus

In Seven States of Energy Debt I added an energy-twist to the current comparisons between fiscally troubled European countries like Greece and Portugal, and their counterparts in the US such as California, Illinois, and Florida. In addition to high rates of unemployment, a number of US states are also significant energy importers or worse have […]

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The Burden of Transition

The July issue of w88ประเทศไทย www.pinyourcrafts.com Monthly, The Burden of Transition, takes a renewed look at North America’s quite large natural gas inheritance, but then wonders how our economy could transition more fully to that resource. At our present moment, nothing is more clarifying to the case of peak cheap oil than to watch Brent trade […]

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El Norte: North American Oil Production

Canada, United States and Mexico: A Decade of Oil Production in Mb/day 1999 Average???? 10.694 2000 Average???? 10.811 2001 Average???? 10.957 2002 Average???? 11.034 2003 Average???? 11.358 2004 Average???? 11.200 2005 Average???? 10.881 2006 Average???? 10.883 2007 Average???? 10.756 2008 Average???? 10.340 2009 Average — prepare for a new era -Gregor Image: Herman Moll c. […]

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Rock, Scissors, Paper: Recession vs. Collapse

A month and a half after my fruitful exchange with Hugh Hendry of Eclectica in London, in which we essentially traded our ideas on Deflation and Sovereign Debt, the UK has moved to quantitative easing and triggered a massive rally in long-dated UK Gilts. Hats off to Hugh, especially for his personal holdings of War […]

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