landowners who are leasing the mineral rights would make money
consumers would benefit from lower energy costs
persons employed would benefit by receiving an income
so now -- you stop lying.
August 7, 2013, 3:55 p.m. ET .Natural Gas Extends Losses on Expectations of Inventory Build .Article .EmailPrinter FriendlyShare: facebook ↓ More. .StumbleUponLinkedInTwitterFarkRedditdel.icio.usMySpace Text --Nymex gas down 2.14% at $3.247/MMBtu, lowest since Feb. 21
--Natural-gas prices fall for five straight sessions
--Analysts expect 78-bcf increase in gas inventories
By Sarah Jacob NEW YORK--Natural-gas futures skidded to a fresh five-month low Wednesday, amid expectations of above-average increase in domestic gas inventories as cool weather damped demand for the fuel.
Natural gas for September delivery on the New York Mercantile Exchange settled 7.1 cents, or 2.14%, lower, at $3.247 a million British thermal units, the lowest since Feb. 21.
Traders are looking toward a weekly government report on domestic gas inventories due Thursday. The U.S. Energy Information Administration is expected to show that natural gas inventories increased by 78 billion cubic feet for the week ended Aug. 2, according to a Dow Jones Newswires survey.
The figure comes in higher than last year's 25-bcf build in storage for the same week and the 42-bcf five-year average build for that week.
Prices retreated Wednesday for the fifth-straight session. Traders grew concerned about slowing demand after forecasts continued to call for a cooler temperatures across heavily populated regions in the U.S, with the exception of Texas.
Private forecaster Commodity Weather Group said Wednesday that a "seasonal to cool pattern continues for the Midwest/East over the majority of the next two weeks."
Natural-gas demand typically rises in the summer as homes and business increase use of air conditioners.
"It's one of the coolest summers in recent memory," said Phil Flynn, an analyst at Price Futures Group. "The end of July, early August feels like the end of September and early October. It's like the shoulder season in midsummer."
The shoulder season is a period when gas demand typically lulls, as summer cooling needs decline but winter heating demand does not pick up immediately.
"There is a dearth of bullish drivers," said Aaron Calder, senior market analyst at Gelber & Associates, referring to a combination of mild weather, elevated production levels and no evidence of power generators switching from coal to gas for power generation.
"Natural gas has to fall further to compete with coal," said Mr. Calder, as coal prices also remain depressed.
Write to Sarah Jacob at sarahann.jacob@dowjones.com
--Nymex gas down 2.14% at $3.247/MMBtu, lowest since Feb. 21
--Natural-gas prices fall for five straight sessions
--Analysts expect 78-bcf increase in gas inventories
Natural Gas is a commodity that is traded like all energy commodities. It is supply and demand driven. L4L is absolutely correct, the property owners will make "squat", the energy companies will reap the benefits. The gas goes on the open market, it is not "sold" locally. DV... get educated, it helps your arguments.
A recently published study by researchers at the University of Texas at Arlington found elevated levels of arsenic and other heavy metals in groundwater near natural gas fracking sites in Texas’ Barnett Shale.
While the findings are far from conclusive, the study provides further evidence tying fracking to arsenic contamination. An internal Environmental Protection Agency PowerPoint presentation recently obtained by the Los Angeles Times warned that wells near Dimock, Pa., showed elevated levels of arsenic in the groundwater. The EPA also found arsenic in groundwater near fracking sites in Pavillion, Wyo., in 2009 2014 a study the agency later abandoned.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
#1) You avoided the question - what does it have to do with SI? SI is not proposing to frack in Rotterdam Jct or anywhere for that matter.
#2) There is quite a distance - almost a mile of rock between the water in the drinking supply and the natural gas that is being DEEP well fracked. There is no evidence of the water traveling back and forth between those two zones NOW, and in which case the water would already be contaminated with the natural gas.
DEEP well fracking is safe. Approve the drilling NOW and reap the economic benefits.
SI sits on top of our water supply....WITH CHEMICALS IN 'SOLID' CONCRETE TANKS....hahahahahahahahahaha
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Frackin Killed The Water Supply Plenty of oil, but no water
Quoted Text
Three years of drought, decades of overuse and now the oil industry’s outsize demands on water for fracking are running down Barnhart's reservoirs and underground aquifers. And climate change is making things worse.
In Texas alone, about 30 communities could run out of water by the end of the year, according to the Texas Commission on Environmental Quality.
Nearly 15 million people are living under some form of water rationing, barred from freely sprinkling their lawns or refilling their swimming pools. In Barnhart’s case, the well appears to have run dry because the water was being extracted for shale gas fracking.
The town — a gas station, a community hall and a taco truck – sits in the midst of the great Texan oil rush, on the eastern edge of the Permian basin.
A few years ago, it seemed like a place on the way out. Now McGuire said she can see nine oil wells from her back porch, and there are dozens of RVs parked outside town, full of oil workers.
But soon after the first frack trucks pulled up two years ago, the well on McGuire’s property ran dry.
No-one in Barnhart paid much attention at the time, and McGuire hooked up to the town’s central water supply. “Everyone just said: ‘too bad’. Well now it’s all going dry,” McGuire said.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
A few years ago many wells around Amsterdam went dry. Was that do to fracking or a natural drought?
This isn't a FEW WELLS going dry, it's the entire town that's out of water.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Common aquifer just like Rotterdam and Schenectady.
I lived in the Town Amsterdam for 30 years. Wells do occasionally go dry, but I've not heard of any large problem with Amsterdam wells going dry.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
They were hauling water from A1 water service to fill wells in the area that went dry to drink and feed cows and was caused by an extended drought a some years ago.
They were hauling water from A1 water service to fill wells in the area that went dry to drink and feed cows and was caused by an extended drought a some years ago.
So a drought caused some wells to go dry. And??? Some how that has something to do with an entire town going dry of water. Oil they have, but you can't drink oil. The town will disappear along with 30 communities who could run out of water by the end of the year. 15 million Texans are running out of water and Fracking is part of the problem.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
SI sits on top of our water supply....WITH CHEMICALS IN 'SOLID' CONCRETE TANKS....hahahahahahahahahaha
That is a completely separate issue, and not pertinent to a discussion about deep well fracking. SI built that plant over 50 years ago. Long before I was even born. So obviously, my support for deep well fracking NOW says nothing about whether I would have supported or not supported a chemical plant being placed on top of our drinking water supply a half century ago, now or anytime in the future.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
In Mertzon and Barnhart in western Texas, the worst drought in two generations is choking the water supply. Water shortages are raising tensions between locals and the fracking industry. Fracking uses up to 8,000,000 of water each time a well is fracked.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Methane contamination of well water was a problem in Pennsylvania LONG BEFORE any fracking was even thought of -- let alone done.
Let's just push forward and start drilling here in New York State -- the corrupt politicians in Albany, and elsewhere, who have held up fracking are ruining our state's economy and keeping us dependent on foreign energy sources. They also don't want to resolve the fracking issue before they start "fishing for campaign dollars" (and whatever other goodies they can enrich themselves with) from the left-wing special interest groups and the Soros machine.
(On another issue -- it isn't it interesting that the Democrats in the State Legislature and the Executive Mansion quietly removed the one paragraph in the Gambling legislation that bars casinos and those involved in the casino industry from making campaign contribution ----- my quess is that Cuomo and legislators like Tse Tse have empty sacks just waiting to pile up campaign contributions from these folks during the next 5 months before they get around to "fixing" that loop hole they secretly created.)
what are you a ...a .....a Republican - I have a bad taste in my mouth ...must be the water ---we should drill in the shale on Putnam Hill - there is MONEY to be made!!! - -what would the aquifer ladies and west hill residents have to say about that?
what are you a ...a .....a Republican - I have a bad taste in my mouth ...must be the water ---we should drill in the shale on Putnam Hill - there is MONEY to be made!!! - -what would the aquifer ladies and west hill residents have to say about that?
The number of those who would object is more like a quarter of a million.
Rotterdam pumps water to over 160,000 and Schenectady supplies another 70 thousand from the aquifer.
But let's risk it so 2 asswipes can get rich leasing the rights to acme industrial corporation.
We have to ration water every summer and we should let a corporation use a half million gallons for each hole drilled?
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