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Energy Forecast 2013-2014: Convert to Natural Gas

Forbes -- The energy outlook for the next two years is surprisingly diverse. Oil and its liquid derivatives will remain fairly high priced, but natural gas will continue to cheapen, increasing the spread between the two fuels to unprecedented levels.

Global oil supply has increased modestly. Gains have been driven by new technology (fracking and horizontal drilling) and high prices. These positives have outweighed by the negatives of mature oil fields and political control of much of the world’s oil-bearing territories.

The increased global oil production is spread across the entire world, as the oil market is global. Prices have remained high because the increase in production is still fairly modest, roughly in line with demand gains.

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Submitted Oct 27, 2012 By: skb69sa

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remay Champion Author Houston Posts:7,078 Points:2,143,665 Joined:May 2006	Message Posted: Oct 29, 2012 6:38:05 AM Ignore remay Report Abuse two-edge sword... either gain on investments and suffer in the wallet, or vice versa...
DrCashFlow Champion Author Massachusetts Posts:7,204 Points:1,654,785 Joined:Jun 2008	Message Posted: Oct 29, 2012 5:36:56 AM Ignore DrCashFlow Report Abuse full steam ahead
RitaVespa Champion Author Oregon Posts:3,109 Points:819,820 Joined:Jan 2011	Message Posted: Oct 29, 2012 2:23:50 AM Ignore RitaVespa Report Abuse Lets do it!
LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,200 Joined:Mar 2008	Message Posted: Oct 27, 2012 11:55:55 PM Ignore LetemEatCake Report Abuse The only way to go for now!
ficoON Rookie Author Ontario Posts:12 Points:1,700 Joined:Oct 2012	Message Posted: Oct 27, 2012 10:38:11 PM Ignore ficoON Report Abuse Interesting.
Night Owl Champion Author Toronto Posts:7,690 Points:1,814,900 Joined:Jul 2004	Message Posted: Oct 27, 2012 10:06:30 PM Ignore Night Owl Report Abuse Let's use more of America's and Canada's plentiful reserves of natural gas.
weenerdog Champion Author Detroit Posts:9,596 Points:1,911,615 Joined:Jan 2008	Message Posted: Oct 27, 2012 2:01:39 PM Ignore weenerdog Report Abuse interesting
CivicMA Champion Author Boston Posts:2,040 Points:562,595 Joined:Jun 2011	Message Posted: Oct 27, 2012 1:05:06 PM Ignore CivicMA Report Abuse Wish I could! NG is too far away from my house (almost 1/2 mile) to make this work.
fuel2use Champion Author Seattle Posts:3,615 Points:758,920 Joined:Dec 2010	Message Posted: Oct 27, 2012 12:34:57 PM Ignore fuel2use Report Abuse But for heating they want 10K to hook up to the house.
VB_Richard Champion Author Virginia Beach Posts:1,798 Points:379,520 Joined:Dec 2011	Message Posted: Oct 27, 2012 10:42:03 AM Ignore VB_Richard Report Abuse Engineers creating conversions kits for the everyday DIY mechanic is a dream industry.
Skunk63 Champion Author Phoenix Posts:2,692 Points:585,975 Joined:Oct 2011	Message Posted: Oct 27, 2012 10:41:40 AM Ignore Skunk63 Report Abuse Good article.
bell05 Champion Author Atlanta Posts:9,401 Points:1,902,585 Joined:Jun 2005	Message Posted: Oct 27, 2012 10:38:15 AM Ignore bell05 Report Abuse Yea yea.
sljbc475 Champion Author Tucson Posts:4,360 Points:900,075 Joined:Dec 2010	Message Posted: Oct 27, 2012 10:37:48 AM Ignore sljbc475 Report Abuse Convert all diesel vehicles to natural gas.
packards42 Champion Author Washington Posts:6,535 Points:1,147,920 Joined:Feb 2005	Message Posted: Oct 27, 2012 10:34:10 AM Ignore packards42 Report Abuse Yes convert, convert, like the office of the President, convert to the otherside.
slgas Champion Author Houston Posts:6,170 Points:1,590,240 Joined:Oct 2008	Message Posted: Oct 27, 2012 10:27:29 AM Ignore slgas Report Abuse I thought that natural gas prices were starting back up from their recent lows.
techque Champion Author St. Louis Posts:8,795 Points:2,444,630 Joined:Apr 2005	Message Posted: Oct 27, 2012 10:23:51 AM Ignore techque Report Abuse natural gas is too valuable a resource to waste as industrial boiler fuel or transportation.
muquee Champion Author Harrisburg Posts:2,536 Points:548,645 Joined:Nov 2011	Message Posted: Oct 27, 2012 10:23:43 AM Ignore muquee Report Abuse Today
Buffalo Joe Champion Author Alberta Posts:8,729 Points:2,536,310 Joined:Feb 2003	Message Posted: Oct 27, 2012 10:23:16 AM Ignore Buffalo Joe Report Abuse Just like the weather.
scrossi Champion Author Indiana Posts:4,024 Points:1,076,190 Joined:Dec 2008	Message Posted: Oct 27, 2012 10:22:52 AM Ignore scrossi Report Abuse When your heating bill skyrockets, you won't think this is a good idea.
me2002 All-Star Author Toledo Posts:763 Points:319,205 Joined:Dec 2011	Message Posted: Oct 27, 2012 10:21:50 AM Ignore me2002 Report Abuse Sounds good
jalan25 Champion Author Indianapolis Posts:2,445 Points:597,070 Joined:Sep 2011	Message Posted: Oct 27, 2012 10:20:53 AM Ignore jalan25 Report Abuse Trying to get my wife to cook this winter on our gas grill but she is now buying the idea of shoveling snow to get to it.
scottydoesnt Champion Author Chicago Posts:3,923 Points:540,220 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:20:15 AM Ignore scottydoesnt Report Abuse I would love to build a new house right now. If I did, I would make sure there is a natural gas line in the garage, and also a 220v outlet for probably my next vehicle purchase.
PTBpricer Champion Author Virginia Posts:1,885 Points:228,170 Joined:Jun 2012	Message Posted: Oct 27, 2012 10:20:13 AM Ignore PTBpricer Report Abuse Good. The more we use NG for vehicles the less we use oil.
Caribou2011 Champion Author Ohio Posts:3,887 Points:795,005 Joined:Feb 2011	Message Posted: Oct 27, 2012 10:18:53 AM Ignore Caribou2011 Report Abuse Sounds like Forbes made this report too early, Gasoline is falling like a skydiver without a parachute and Natural gas still needs a system to support it.
smokinjoe54 Champion Author Ohio Posts:4,832 Points:932,540 Joined:Feb 2010	Message Posted: Oct 27, 2012 10:17:52 AM Ignore smokinjoe54 Report Abuse Go CNG.
repeater1 Champion Author Topeka Posts:8,442 Points:2,393,500 Joined:Oct 2005	Message Posted: Oct 27, 2012 10:17:48 AM Ignore repeater1 Report Abuse Do we have all the infrastructure needed to convert?
Hangnail309 Champion Author Manitoba Posts:6,163 Points:1,704,860 Joined:Aug 2006	Message Posted: Oct 27, 2012 10:17:41 AM Ignore Hangnail309 Report Abuse Is this cost effective for small vehicles?
AccordV6MN Champion Author Twin Cities Posts:4,402 Points:672,460 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:17:21 AM Ignore AccordV6MN Report Abuse Nice, cleaner energy
Royski Champion Author Los Angeles Posts:1,027 Points:199,525 Joined:Oct 2006	Message Posted: Oct 27, 2012 10:15:50 AM Ignore Royski Report Abuse Great for the environment: less pollution and particulates, less carbon emissions, and less stinky!
INBwana Champion Author Indiana Posts:5,714 Points:723,685 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:15:48 AM Ignore INBwana Report Abuse Just more cowabunga from Forbes.
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Oct 27, 2012 10:14:26 AM Ignore fenster66 Report Abuse CNG is the way to go....
mberg Champion Author Houston Posts:3,948 Points:987,780 Joined:Aug 2010	Message Posted: Oct 27, 2012 10:14:15 AM Ignore mberg Report Abuse This surprised me, as it seems that gasoline prices are falling fast, while natural gas is rising from its recent very low price.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:13:29 AM Ignore kjSC Report Abuse Now all we need is some reliable, low cost NG vehicle choices for consumers to purchase.
bullseye100 Champion Author New Jersey Posts:2,531 Points:610,030 Joined:Aug 2011	Message Posted: Oct 27, 2012 10:12:01 AM Ignore bullseye100 Report Abuse Does this mean my gas bill will be cheap this winter? It better be or it's Obama's fault.
henryeOH Champion Author Akron Posts:1,211 Points:65,995 Joined:Jan 2011	Message Posted: Oct 27, 2012 10:11:58 AM Ignore henryeOH Report Abuse Again, CNG until fuel cells are more ready
katmandue Champion Author Detroit Posts:8,211 Points:2,161,820 Joined:Jul 2006	Message Posted: Oct 27, 2012 10:11:41 AM Ignore katmandue Report Abuse Not cost effective for small autos.
BumpinButch Champion Author Texas Posts:1,746 Points:537,000 Joined:Feb 2009	Message Posted: Oct 27, 2012 10:11:26 AM Ignore BumpinButch Report Abuse We in the US need at least one NEW Refinery.
timesaverinc Champion Author Wichita Posts:1,603 Points:321,865 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:11:21 AM Ignore timesaverinc Report Abuse K
Suzzoom Champion Author Nevada Posts:2,499 Points:532,750 Joined:Jan 2011	Message Posted: Oct 27, 2012 10:10:57 AM Ignore Suzzoom Report Abuse A good trend, but let's also make alternative energy affordable & readily available.
krzysiek_ck Champion Author Illinois Posts:5,500 Points:756,835 Joined:Apr 2011	Message Posted: Oct 27, 2012 10:10:38 AM Ignore krzysiek_ck Report Abuse OK
2khawk Champion Author Iowa Posts:5,418 Points:955,705 Joined:Oct 2010	Message Posted: Oct 27, 2012 10:09:33 AM Ignore 2khawk Report Abuse Natural gas is way off it's lows of last spring.
FFootdoc12 All-Star Author Illinois Posts:879 Points:321,775 Joined:Apr 2008	Message Posted: Oct 27, 2012 10:09:11 AM Ignore FFootdoc12 Report Abuse FYI....its finite too
Black Wagon Champion Author Illinois Posts:7,452 Points:1,828,970 Joined:Mar 2004	Message Posted: Oct 27, 2012 10:09:00 AM Ignore Black Wagon Report Abuse Crystal ball forecasts again.
Insuremn Champion Author Twin Cities Posts:5,092 Points:1,057,660 Joined:May 2010	Message Posted: Oct 27, 2012 10:08:50 AM Ignore Insuremn Report Abuse Drill here now and stop sending our money to OPEC.
GManCo Champion Author Colorado Springs Posts:5,126 Points:978,090 Joined:Sep 2010	Message Posted: Oct 27, 2012 10:07:37 AM Ignore GManCo Report Abuse Do it.
autohio Champion Author Ohio Posts:3,874 Points:845,255 Joined:Jan 2011	Message Posted: Oct 27, 2012 10:05:55 AM Ignore autohio Report Abuse Here's hoping
cucamongacurtis Champion Author San Bernardino Posts:1,169 Points:247,360 Joined:Oct 2012	Message Posted: Oct 27, 2012 10:05:07 AM Ignore cucamongacurtis Report Abuse Saw this coming. Bought a natural gas clothes drier. Works great and runs cheap.
dan30thz28 Champion Author New Jersey Posts:6,054 Points:2,009,715 Joined:Feb 2006	Message Posted: Oct 27, 2012 10:02:27 AM Ignore dan30thz28 Report Abuse Hope it works out.
ghoag Champion Author Twin Cities Posts:1,277 Points:288,450 Joined:Aug 2012	Message Posted: Oct 27, 2012 10:02:08 AM Ignore ghoag Report Abuse good
fcdriver Champion Author Tennessee Posts:7,378 Points:1,499,580 Joined:Sep 2008	Message Posted: Oct 27, 2012 10:01:28 AM Ignore fcdriver Report Abuse i'm all for it