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Crude oil prices to gas prices Henry Hub natural gas prices. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. [1]
During the latter crisis they suffered severe damage to power networks along with diesel and coal shortages. [5] Supplies of electricity in Guangdong province, the manufacturing hub of China, are predicted to fall short by an estimated 10 GW. [6] In 2011 China was forecast to have a second quarter electrical power deficit of 44.85 – 49.85 GW. [7]
As of 2006 the U.S. Interior Department estimated that the Outer Continental Shelf of the United States held more than 15 trillion cubic meters of recoverable natural gas, equivalent to about 25 years of domestic consumption at present rates. [21] [22] Total U.S. natural gas reserves were then estimated at 30 to 50 trillion cubic meters, or ...
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The short-term range is $2.765 to $2.897. Its 50% level at $2.831 is controlling the short-term direction of the market. We could see a test of this level today.
The We Energies liquefied natural gas storage tank is nearing completion in Ixonia on Friday, Dec. 15, 2023. It’s one of two giant liquid natural gas storage tanks that are going online this ...
Natural gas was not a viable portion of US energy as of 2008, since we may have peaked in domestic reserves: US imports of natural gas from Canada tripled since 1973. [38] However, US gross natural gas production set new all-time record highs each year from 2007 through 2013, due in part to new methods to extract Shale gas.
Summary Natural gas prices have steadily increased since April, reaching a seven-year high of $4.91 per million British Thermal Unit (MMBtu) on September 8. With prices improving, expectations for ...