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Oil vs. Gas prices

Ken_8 Member Posts: 1,640
Just saw this in today's WSJ

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  • Mike T., Swampeast MO
    Analysis (for what it's worth)

    Notice that rapid spike in natural gas at the end of the chart? Here's betting that by December natural gas will be WAY above "zero".
  • Firedragon_4
    Firedragon_4 Member Posts: 1,436
    Keep in mind those are 'future's not

    actual pricing!
  • Boston Boiler
    Boston Boiler Member Posts: 70

    Gas company was giving all kinds of free stuff back in the great shortage of 73. Gas station lines with 3 gal. limits & even and odd license plate numbers. Gas utility Co. would convert you to natural gas and remove your oil tank and lines for free. Once the big switch over was complete look at the cost that natural gas went to. Expect more of it this winter. The suckers will bite on to the deals and the ones who bite without thinking but quickly realize what they have done will defend their action in the name of "I changed to natural gas because it is much cleaner" That sound familiar to anyone? Cleaner? When did we start burning #3 oil again that the home owners went to gas because it was cleaner? When someone hands you that BULL
    if it's not your mother, laugh at them and tell them to let you know how much of an environmentalist they are when the monthly bill starts coming in. Don't let them give you that
    budget bull. That equals slightly over what a loan shark would do for you! Just like the stock market, hang on and ride it out., if you start jumping back & forth trying to catch the deal you will loose in the long run.

  • J.C.A._3
    J.C.A._3 Member Posts: 2,981
    Bingo Mr.Dragon!

    The brokers are searching for and finding what the market will bear, and boy, aren't they happy!

    This is but a REFLECTION of the retail prices. These "commodity brokers" are hedging bets on the actual price. The good old "supply and demand" rules are still in effect but are being driven by a totally different engine than they have in the past. Chris
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