Replies to This Discussion

Permalink Reply by Bob on July 12, 2012 at 11:37am

Gas at this moment is $2.76.  The attached link will take you to Bloomburg Financial.  You can check the daily price of gas & oil.  It changes frequently.  Good luck.

 

http://www.bloomberg.com/energy/

Permalink Reply by Jasmine on July 12, 2012 at 1:43pm

Thanks Bob. Do you see the moving of gas to sources anytime soon? I undertand there is too mutch gas and no where to ship it.

Permalink Reply by Bob on July 13, 2012 at 10:27am

Hi Jasmine,

Hard to tell if gas is moving.  The amount of activity where I live has deminished greatly since last summer.  I continue to see wells being drilled and the pipelines being laid but not at the pace of a year ago.  I saw a show on Mad Money where the CEO of ConEd stated that they are very positive of natgas coming from the Marcellus.  NYC is bucking the trend of the rest of the country with building permits at a record high.  ConEd is for the first time in decades installing new and larger gas lines into the city with the goal of using Marcellus gas.  Last year our gas co. said gas needs to be above $4 in order for them to make money.  I'll keep watching the price and see what happens.  We'll see.