I heard a news piece on the radio tonight about natural gas as a transportation fuel. Navistar will start building a medium truck that runs on natural gas; heavy truck production will begin next year. The fuel cost is currently $1.50 less than diesel. But where to fuel up? Clean Energy Fuels Cor…

Making gas & oil a regulated utility rather than a commodity would help stabilize prices tremendously IMHO. As it is now every time a mouse breaks wind in the mideast speculators see it as a reason to raise prices. A good thing for them since they are also probably heavy into oil company stock.

@dagosa Unlike natural gas, there is no glut of oil worldwide, and the $120 international price of oil dictates what you pay for gasoline, not an excess refining capacity in the USA. Oil is an internationally traded commodity and Americans are lucky to have to import 50% of their crude oil. And th…

Yep, the government is GREAT at running things. Last time we got rid of price controls, guess what happened? Prices dropped and supplies went up. And regulate natural gas prices? When they’re the lowest they’ve been in years? Why? Sorry folks, we don’t have the ability in the US to dictate pric…

Nor should we try. I seem to recall that price and market government controls were tried in another country. The USSR.

The gas price controls in the 70s caused a shortage of natural gas for heating because drilling went down to almost zero and many houses had oil heating in 1974 when oil prices went up from $2.50 to $12.00 per barrel overnight. This caused severe stress an those with oil heating since isnulation sta…

Doc…"Unlike natural gas, there is no glut of oil worldwide, and the $120 international price of oil dictates what you pay for gasoline, not an excess refining capacity in the USA." NO IT DOES NOT, short term. It’s market pressures. There is no glut of natural gas world wide, and that is what will …

Gas is available for export because of declining demand in the US, caused by economic slowdown, increased ethanol use, and higher-mpg cars being bought. Demand is down 550,000 bbls/day, exports are at about 500,000 bbls/day, so exports are not straining US gasoline supplies. Can you imagine any ot…

“you’re right, it dropped more…” Texases…exactly, thanks for making my point…and what happened during that time ? Declining demand was brought about by a recession. It had nothing to do with extraction costs or refining costs as was the original contention. Even at 1.69. oil companies profited hands…

“The price per barrel it could be argued FOLLOWED the demand and local prices of gas.” Let’s just look at that for a minute.

Natural gas stations coming soon

General Discussion

jtsanders March 23, 2012, 4:16am 39

Thanks for a thoughtful post, Docnick. I agree that price controls will not have a desirable effect in the long run. If after instituting them they are ever rescinded, the price will likely change substantially because no one can efficiently determine what the price ought to be.

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Natural gas stations coming soon

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