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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: RGinPG who wrote (15813)3/21/1998 4:36:00 PM
From: Lucretius  Read Replies (1) | Respond to of 95453
 
gas prices having NOTHING to do w/ oil right now. Gas can't be transported like oil. Either it comes from this continent and where there is a pipeline or you don't get it.

-Lucretius



To: RGinPG who wrote (15813)3/21/1998 8:40:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 95453
 
Ron, natural gas and oil (along with coal and somewhat less with electricity)are economic substitutes. When one rises due to a shortage it tends to pull the others with it. After the OPEC embargo the price of both natural gas and electricity shot up as people attempted to switch energy sources wherever they can.

Regards,

Paul



To: RGinPG who wrote (15813)3/21/1998 10:51:00 PM
From: Czechsinthemail  Respond to of 95453
 
RG,
Though there is some conversion possible between oil and natural gas, in general natural gas is a domestic market while oil is an international market. As the current situation demonstrates, natural gas is less impacted by falling oil prices. There is an additional feature to natural gas: it is cleaner burning than oil, so there are environmental advantages to natural gas that are likely to support the domestic natural gas market.
Baird


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