Trucking News: Shell CEO Expects Natural Gas Prices to Rise

[BMT Forum Bot]

Shell's chief executive told The Financial Times the company expects natural gas prices in the U.S., which are currently at 10-year lows, to double by 2015.

In an interview, chief executive Peter Voser said Shell is using a price of $4 to $6 per million Btu for 2014-2015, up from the current $2.55.

View the full article

[Rob]

Shell's chief executive told The Financial Times the company expects natural gas prices in the U.S., which are currently at 10-year lows, to double by 2015.

In an interview, chief executive Peter Voser said Shell is using a price of $4 to $6 per million Btu for 2014-2015, up from the current $2.55.

View the full article

Wait till the Obama administration gets into the fray more than they already are. The price will probably be triple the estimates as the current funding sources will be cut off, or seriously curtailed. New revenues will be needed. Look at what they said about gasoline and I roughly quote; "America can stand $4.00 per gallon gasoline". I don't know about most of you folks, but that is too high considering a gallon of gasoline when Obama took office was $1.63 9/10 per gallon in my little corner of paradise; Farmington, Illinois.

Rob

[220cummins]

Obama has nothing to do with the gasoline or natural gas prices. The corporations would love if his administration would get involved so they can blame him for the high prices and give the republicans more money for lobbying for less restriction but at the same time using it as a distraction to export more of our natural resources. It is the companies and the market. This statement by Shell can not come as a surprise to anyone. Chesapeake Energy announced earlier in the year a focus on "wet" gas (liquids rich) instead of "dry" gas (natural gas) which included less drilling in the dry gas fields or less supply. Not to mention Chesapeake is shaping up to be the next ENRON style corporate misdoing. Announcements like DOW chemicals intentions of building Ethane Cracker Plant, which uses wet natural gas as "feedstock" in Texas because it "has unmatched infrastructure and is better suited to handle derivatives exports" should be taken into account. A lot of our gas drilled here is destined for the world market, meaning that low natural gas prices are only going to be moving upward. Thank the corporations and their CEO's greed for trying to maximize profit for themselves (Chesapeake) at risk of citizens of the United States.

[41chevy]

In 2008 a campaign promise was made to triple gasoline prices, that promise was kept.

In 2008 a campaign promise was made to bankrupt the coal industry, that promise was kept.

[Rob]

Obama has nothing to do with the gasoline or natural gas prices. The corporations would love if his administration would get involved so they can blame him for the high prices and give the republicans more money for lobbying for less restriction but at the same time using it as a distraction to export more of our natural resources. It is the companies and the market. This statement by Shell can not come as a surprise to anyone. Chesapeake Energy announced earlier in the year a focus on "wet" gas (liquids rich) instead of "dry" gas (natural gas) which included less drilling in the dry gas fields or less supply. Not to mention Chesapeake is shaping up to be the next ENRON style corporate misdoing. Announcements like DOW chemicals intentions of building Ethane Cracker Plant, which uses wet natural gas as "feedstock" in Texas because it "has unmatched infrastructure and is better suited to handle derivatives exports" should be taken into account. A lot of our gas drilled here is destined for the world market, meaning that low natural gas prices are only going to be moving upward. Thank the corporations and their CEO's greed for trying to maximize profit for themselves (Chesapeake) at risk of citizens of the United States.

I agree but was referring to taxing the amount pulled from the ground. He, or they, have nothing to do with supply and demand. If a way can be found to tax it to pay for programs, they will push to have it implemented and done.

Rob

[220cummins]

In Pennsylvania they're is a impact fee to correct any impact from the drilling operations and to reinvest into industry like the 1.2 billion cracker plant proposed plant in my area. I say tax the companies for impacts to the local roads, bridges,other infrastructure and any other disruption of infastructure and or the enviroment.In Pennsylvania there are a ton of bridges over streams and rivers. Many of them where built to carry heavy loads but have been lacking upkeep due to funding cuts over the years. The money shouldn't come from the taxpayer.