Supply is getting better

[Hay Dude]

No question that I support US over Russia. I live in the state that is the 2nd largest producer of natural gas. We have a 1.6 billion budget surplus this year due to oil/gas. But I’m still doubtful that shipping overseas is cost competitive with a pipeline.

Short term, yes. Middle term, unknown. Long term, no.
Agree?
Remember, the ships are already built. The ports are already there. The rail infrastructure is already there (here in PA/DE/NJ) to get the gas from upstate PA right to port on the Delaware River and into the Atlantic.
Been that way for decades.

 

[5030]

Drifting into political no mans land. I digress.

 

[5030]

you’ve taken me off ignore tough guy farmer?
Seeing the light?

Not really. I can selectively view your comments if I want to and if I don't, I don't.

After your last couple PM's to me, I realized that you are not only a troll but a pseudo tough guy as well.

 

[Tinhack]

Wouldn't that mean there would be more natural gas available in the U.S. so prices for us should go down?

NO.
NG produces CO2 when burned. Where have you been? Everything has to be converted to run on flashlight batteries.

 

[jyoutz]

NO.
NG produces CO2 when burned. Where have you been? Everything has to be converted to run on flashlight batteries.

Not happening where I live. Our power plants are converting from coal to NG.

 

[Hay Dude]

There's going to be shortages until we beat covid globally. People who are sick or dead can't go to their factory jobs to make stuff. They can't drive trucks or crew ships either.

Recent statistics show most of those people had several comorbidities.
They weren’t working in factories, driving trucks or ships anyway. There are exceptions, but most were too old & sick, even without Covid.

 

[Snobdds]

Inflation is way higher once you count in rent/housing and energy costs. It's closer to 15%. The CPI excludes this as thy say it's to volatile

What's missing from this--and many other--discussions of inflation is ANY mention of the role of fiscal and monetary policy. Spending went from $4.4T in 2019 to $6.6T in 2020 and $6.8T in 2021; Fed balance sheet doubled; and money supply increased by 40%!

It all boils down to the fed protecting the boomer class. They are protecting their 401ks and housing, by raising housing prices, it benefits the old at the expense of the young. it's as simple as that. we live in a gerontocracy

Our <35 generation is screwed. Their only hope is they have rich parents that will help them along...their purchasing power is so much lower than their parents.

 

[Texasmark]

Chip shortage

Yep. The new GM trucks I see driving around the area seem to all be white and the commercial grade, I guess owing to the fact that whatever the chips in short supply, the low end trucks don't use them.

 

[MossRoad]

Not happening where I live. Our power plants are converting from coal to NG.

Same here.

 

[Hay Dude]

Yep. The new GM trucks I see driving around the area seem to all be white and the commercial grade, I guess owing to the fact that whatever the chips in short supply, the low end trucks don't use them.

Or that they are shifting focus onto commercial accounts/buyers.

 

[MossRoad]

Not happening where I live. Our power plants are converting from coal to NG.

For that matter, not one, but two brand new gas power plants have been built within 10-15 miles of me.

The Niles Energy Center - 1,000MW

Indeck Niles

www.indecknilesenergycenter.com

and the St. Joseph Energy Center - 1,400MW

https://www.power-technology.com/projects/st-joseph-energy-center-new-carlisle-indiana/

 

[Hay Dude]

Hey I like that. We produce and ship lots of NG here.

 

[jyoutz]

Short term, yes. Middle term, unknown. Long term, no.
Agree?
Remember, the ships are already built. The ports are already there. The rail infrastructure is already there (here in PA/DE/NJ) to get the gas from upstate PA right to port on the Delaware River and into the Atlantic.
Been that way for decades.

I’m glad that the supply of gas is abundant in the US and we are not exporting. It keeps my heating bills lower.

 

[Hay Dude]

I’m glad that the supply of gas is abundant in the US and we are not exporting. It keeps my heating bills lower.

After reading about how much gas we have under PA alone, you and I and the rest of the world could be supplied with abundant natural gas for hundreds of years. Fracking experts, using micro blasts and water pressure, can extract billions of cubic feet of gas far under our water table and supply the world with cheap NG.
It gets even better because there are bigger reserves in the US

If we did that, America and the rest of the world could benefit from more jobs, tax base and revenues.
The bad guys would have less money for “foreign conquests” and the world more peace.

 

[MESSMAKER]

There is going to shortages until we can beat deadbeats globally. They can not go to work and live off of unemployment at the same time. But probably not a good discussion for this forum.

You have a jaded view of things. There are maybe a dozen things contributing to the way things are. You are focusing on one.

 

[jyoutz]

You have a jaded view of things. There are maybe a dozen things contributing to the way things are. You are focusing on one.

Yep. One thing that many people overlook is that the workforce pool has been shrinking. Baby boomers are retired or close to retirement and the birth rate has been lower over the past several decades. There are simply less people of working age. Many baby boomers kept working beyond retirement age, but the Covid situation was the factor that caused many to finally retire.

 

[Hay Dude]

Family size shrinking.
Fertility decreasing (don’t laugh-it’s true).

 

[jyoutz]

Family size shrinking.
Fertility decreasing (don’t laugh-it’s true).

A lot of this is due to the fact that people can’t afford large families anymore.

 

[Hay Dude]

A lot of this is due to the fact that people can’t afford large families anymore.

Yeah it’s all tied back to the agrarian way of life and mechanization
A farmer couldn’t survive WITHOUT a big family.
Now that’s gone and a software designer/basement flooder/world renowned tough guy cant survive WITH a big family.

 

[jyoutz]

Yeah it’s all tied back to the agrarian way of life and mechanization
A farmer couldn’t survive WITHOUT a big family.
Now that’s gone and a software designer cant survive WITH a big family.

This also means less people entering the work force.