Re: For Those Who Enjoy Discussing Climate Change..... Not Chess Related
I don't want to get into the amounts of natural gas used by any segment of the economy and which uses more or less. It's not general knowledge.
Regarding shipping natural gas, the price at market has to be enough to cover the cost of the seller to drill the well, build the facilities to liquify, shipping, royalties, etc. You also have to consider other nations also have shale gas which will increase the supply, and labour in many nations is cheaper than here. Also, if we start shipping as well it will increase the supply in other nations and moderate the price there. If they can build the infrastructure and ship it economically from here, I say "Go for it!!!".
I'll tell you something for sure. Thermal coal seems to be selling just fine. Yes it does!
With oil, that 2 million barrels a day you mentioned is roughly 1 ship load. Some ships carry more, some less. The U.S. uses, or did use, around 20 million barrels a day. Half they produce and the other half they import.
Here's a site with lots of nice graphs.
http://tonto.eia.doe.gov/oog/info/twip/twip_crude.html
I use this kind of information to analyse the economy and direction of some commodity prices. You should be able to whiz this stuff.
Originally posted by Paul Beckwith
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Regarding shipping natural gas, the price at market has to be enough to cover the cost of the seller to drill the well, build the facilities to liquify, shipping, royalties, etc. You also have to consider other nations also have shale gas which will increase the supply, and labour in many nations is cheaper than here. Also, if we start shipping as well it will increase the supply in other nations and moderate the price there. If they can build the infrastructure and ship it economically from here, I say "Go for it!!!".
I'll tell you something for sure. Thermal coal seems to be selling just fine. Yes it does!
With oil, that 2 million barrels a day you mentioned is roughly 1 ship load. Some ships carry more, some less. The U.S. uses, or did use, around 20 million barrels a day. Half they produce and the other half they import.
Here's a site with lots of nice graphs.
http://tonto.eia.doe.gov/oog/info/twip/twip_crude.html
I use this kind of information to analyse the economy and direction of some commodity prices. You should be able to whiz this stuff.
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