General Discussion

randr

(12,648 posts)

14. We are sitting on a glut of natural gas

Reply to Jackpine Radical (Original post)

Sat Jan 25, 2014, 03:36 PM

Jan 2014

The capitalist principle of supply and demand is no longer in effect. The greed of the uber wealthy takes advantage of the more needy by manipulation of prices when people need the gas the most.
I say we BBQ the 85 wealthiest and split the spoils.

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Wow, we just got a delivery of LP gas, which we use to heat with. [View all] Jackpine Radical Jan 2014 OP

Yes, someone else posted a couple of days ago that LP had almost unbelievably shot up in price Fumesucker Jan 2014 #1

And don't forget the flaring that is still going on. RC Jan 2014 #2

That is not true. There are valid reasons to flare gas. Ikonoklast Jan 2014 #15

like what? Agony Jan 2014 #19

They flare it because it is cheaper than collecting it and building a pipeline. RC Jan 2014 #21

You know they dump gasoline too just to reduce supply and keep prices up. Spitfire of ATJ Jan 2014 #25

No they don't, Stop being silly. RC Jan 2014 #31

During the Bush Years they were dumping gas to jack up the prices. Spitfire of ATJ Jan 2014 #38

Link to that? former9thward Jan 2014 #47

I'll dig for some later. There were articles on DU back then too. Spitfire of ATJ Jan 2014 #56

If there is no pipeline connection to those wellheads, gas gets flared off. Ikonoklast Jan 2014 #64

Untill a little over 3 years ago, I was living in North Dakota. RC Jan 2014 #66

I saw someone else post a price of $5.25/gallon on DU last night TexasTowelie Jan 2014 #3

Pretty serious situation YarnAddict Jan 2014 #4

Price of Propane in Kansas MuseRider Jan 2014 #5

gouging, the american way. spanone Jan 2014 #6

This message is from Lincoln County YarnAddict Jan 2014 #7

Ominous. (nt) enough Jan 2014 #9

Why are the feds allowing this gouging? seveneyes Jan 2014 #8

Simple durablend Jan 2014 #24

Yes, I believe payoffs run deep into the system seveneyes Jan 2014 #27

I just bought my third 150 gal delivery of heating oil this season. longship Jan 2014 #10

I just got oil for $4.09 which was for two weeks worth. I hate to think what the next Auntie Bush Jan 2014 #29

Fossil fuels are so 19th century. They need to go away. Lint Head Jan 2014 #11

Nationalize the Oil and Gas companies Champion Jack Jan 2014 #12

Yes. It should have been done years ago. LuvNewcastle Jan 2014 #61

We live about 60 Worried senior Jan 2014 #13

We are sitting on a glut of natural gas randr Jan 2014 #14

+1000 nt freebrew Jan 2014 #16

I don't know how those people sleep LittleGirl Jan 2014 #17

I feel the same way. Auntie Bush Jan 2014 #30

I say we get the damn feds to do their jobs seveneyes Jan 2014 #18

Capitalism only works under a certain set of conditions BlueStreak Jan 2014 #28

^^^THIS^^^ riqster Jan 2014 #35

What happens, too is this Aerows Jan 2014 #46

Definitely. It is all rigged. It is not a free market BlueStreak Jan 2014 #50

Maybe restaurants and tourism? Aerows Jan 2014 #51

And re: restaurants BlueStreak Jan 2014 #58

+1 000 000 000 000 000 kestrel91316 Jan 2014 #33

Well, it isn't like it would take a genius to see this coming Aerows Jan 2014 #44

Fracking is great! Just wait until were paying $4 a gallon for CLEAN tap water! ErikJ Jan 2014 #20

I hope nothing I wrote was taken as a justification for fracking. Jackpine Radical Jan 2014 #22

Or you could move to a warmer climate. THe South needs more Dems. ErikJ Jan 2014 #26

I'm in Florida madville Jan 2014 #37

You have to believe durablend Jan 2014 #23

I don't doubt it a bit Aerows Jan 2014 #42

holy moly. i live in phoenix. my DesertFlower Jan 2014 #32

do you pay the entire year up front? Laura PourMeADrink Jan 2014 #34

Yes. I bought 1,000 gallons in the summer @ $1.39. Jackpine Radical Jan 2014 #36

It's all about insulation... druidity33 Jan 2014 #59

if my memory serves me during the oil crisis of the early 70`s.... madrchsod Jan 2014 #39

If my memory is correct, during the oil crisis of the early '70s, RebelOne Jan 2014 #45

interesting. kick Liberal_in_LA Jan 2014 #40

$8 Natural Gas, right on schedule Aerows Jan 2014 #41

Here's the article I was looking for Aerows Jan 2014 #43

My car here in South Korea runs on LP davidpdx Jan 2014 #48

South Korea Aerows Jan 2014 #49

Could be davidpdx Jan 2014 #57

Venezuela pricing and soon enough, Feds jump in and regulate ... MindMover Jan 2014 #52

Wisconsin Residential Propane prices 1992-2014 Graph IADEMO2004 Jan 2014 #53

I feel for you..truly. Is there price manipulation going on..do you think? KoKo Jan 2014 #54

I think the Maine gov website said avg price here is 3.25, and that it's up GreenPartyVoter Jan 2014 #55

This Doesn't Make A Lot Of Sense ProfessorGAC Jan 2014 #60

Thats why we switched to an all electric madokie Jan 2014 #62

I wouldn't mind a ductless AC in the summer, as much for the humidity as the heat. Right now, though GreenPartyVoter Jan 2014 #63

Be happy you are not living on an indian reservation in a trailer. L0oniX Jan 2014 #65

Was in a cabin for 3 years on the Res ... MindMover Jan 2014 #67