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Energy Why Lower Natural Gas Prices Help the U.S. Only a Little

Bloomberg Businessweek -- There’s a rule of thumb that says a $10 rise in the price of a barrel of oil reduces gross domestic product growth by anywhere from 0.2 to 0.5 percentage points. Applied over the past six months, when crude prices rose by about $30 from early October to the end of March, that means dearer oil might’ve chewed as much as 1.5 percent out of GDP growth during the last two quarters. Not a trivial amount considering GDP increased 3 percent in the fourth quarter of 2011. Economists surveyed by Bloomberg tend to think the economy grew just 2.2 percent in the first three months of 2012, when the price of gas really took off.

Oil is our economy’s most important raw material. The price of it (and therefore, gasoline) impacts the price of just about everything we buy, from groceries to clothes to app

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Submitted Apr 27, 2012 By: SUPPER

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sydb7 Champion Author Atlanta Posts:3,563 Points:1,920,900 Joined:Mar 2003	Message Posted: May 1, 2012 9:27:42 AM Ignore sydb7 Report Abuse Most of the "new" natural gas is being exported!
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Apr 30, 2012 5:54:11 AM Ignore honda0105 Report Abuse Av_Bob: just can't change the minds of some people. Some are too, ummm.. judge-mental?
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Apr 30, 2012 5:52:45 AM Ignore honda0105 Report Abuse TedNC: you're right.
rjhenn Champion Author Des Moines Posts:22,460 Points:2,232,770 Joined:Aug 2005	Message Posted: Apr 29, 2012 12:08:15 AM Ignore rjhenn Report Abuse bvrbill - "We need to see more natural gas powered vehicles and fueling stations. A Chevy Volt can't move freight. A natural gas powered truck, can." Imagine a semi tractor with a 140-hp electric motor in each of four drive wheels, some batteries and a matched engine/generator with a bit more power than needed to keep a loaded truck moving at 70 mph.
sparky808 Champion Author Honolulu Posts:3,018 Points:601,635 Joined:Sep 2011	Message Posted: Apr 28, 2012 4:11:32 PM Ignore sparky808 Report Abuse Thank you for posting.
remay Champion Author Houston Posts:6,980 Points:2,120,455 Joined:May 2006	Message Posted: Apr 28, 2012 2:21:19 PM Ignore remay Report Abuse Yep, and it seems we are SLOOOOOWWWW to do anything about the abundance!
golftellowcat Champion Author Ottawa Posts:2,463 Points:695,800 Joined:Apr 2010	Message Posted: Apr 28, 2012 7:25:48 AM Ignore golftellowcat Report Abuse ok
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Apr 28, 2012 12:48:53 AM Ignore letterchunker Report Abuse ok
Aviator_Rob Champion Author New York Posts:3,810 Points:416,340 Joined:Mar 2012	Message Posted: Apr 28, 2012 12:31:19 AM Ignore Aviator_Rob Report Abuse southrob said, "what would help alot on the gas price would be to drill on federal land" Actually, no it wouldn't. All of this natural gas flooding the market is shale gas which is predominantly found in the eastern U.S. The vast majority of federal land is out west. Don't be greedy. Leave the federal land alone. Leave someplace for our grandchildren to drill.
Aviator_Rob Champion Author New York Posts:3,810 Points:416,340 Joined:Mar 2012	Message Posted: Apr 28, 2012 12:28:14 AM Ignore Aviator_Rob Report Abuse Once again, judgemobile, there is no switch in the Oval Office that controls fuel prices in this country. If you want to blame someone, go to the source, namely Big Oil.
Aviator_Rob Champion Author New York Posts:3,810 Points:416,340 Joined:Mar 2012	Message Posted: Apr 28, 2012 12:25:53 AM Ignore Aviator_Rob Report Abuse I'm intrigued by the idea of natural gas powered 18-wheelers but how big would the fuel tanks have to be? Natural gas requires much larger tanks than those used for diesel. Would that drastically reduce the volume of freight that can be handled per trailer?
rawdog1313 Champion Author Lexington Posts:3,319 Points:1,645,830 Joined:May 2008	Message Posted: Apr 28, 2012 12:05:33 AM Ignore rawdog1313 Report Abuse Really...?
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Apr 28, 2012 12:03:37 AM Ignore joel27nc Report Abuse Wish I could afford to convert my vehicle to NG.
rickone All-Star Author Detroit Posts:559 Points:396,340 Joined:May 2004	Message Posted: Apr 28, 2012 12:01:52 AM Ignore rickone Report Abuse Interesting - Thanks for posting.
bvrbill Champion Author Eugene Posts:3,238 Points:521,550 Joined:Jul 2011	Message Posted: Apr 28, 2012 12:00:59 AM Ignore bvrbill Report Abuse We need to see more natural gas powered vehicles and fueling stations. A Chevy Volt can't move freight. A natural gas powered truck, can.
Aviator_Rob Champion Author New York Posts:3,810 Points:416,340 Joined:Mar 2012	Message Posted: Apr 27, 2012 11:59:23 PM Ignore Aviator_Rob Report Abuse Ok
hauler43 Champion Author Oakland Posts:8,158 Points:2,597,750 Joined:Sep 2003	Message Posted: Apr 27, 2012 11:58:29 PM Ignore hauler43 Report Abuse OK
jrsva Champion Author Virginia Posts:9,866 Points:1,615,435 Joined:Jan 2006	Message Posted: Apr 27, 2012 11:55:07 PM Ignore jrsva Report Abuse The link to the full article is broken. Here is the correct link.
judgemobile Champion Author Ohio Posts:7,585 Points:2,448,060 Joined:Nov 2005	Message Posted: Apr 27, 2012 11:54:54 PM Ignore judgemobile Report Abuse prices got down to $ 1.91...when suddenly THEY noticed, and now prices are back near 2.20. Remember at the polls in November under who's watch this suden HIKE happened.
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Apr 27, 2012 11:52:42 PM Ignore mstearno Report Abuse I suppose higher prices would help more?
boatmen Champion Author New York Posts:3,095 Points:625,505 Joined:Jan 2011	Message Posted: Apr 27, 2012 11:48:01 PM Ignore boatmen Report Abuse gas to damm high
miiike572 All-Star Author Phoenix Posts:798 Points:528,415 Joined:Apr 2009	Message Posted: Apr 27, 2012 11:47:43 PM Ignore miiike572 Report Abuse ...
DandyDapple All-Star Author North Dakota Posts:715 Points:313,070 Joined:Sep 2008	Message Posted: Apr 27, 2012 11:47:18 PM Ignore DandyDapple Report Abuse OMG 2012 ...
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Apr 27, 2012 11:43:17 PM Ignore sammy518 Report Abuse ok
g747 Champion Author Mobile Posts:4,556 Points:936,595 Joined:Jul 2009	Message Posted: Apr 27, 2012 11:42:32 PM Ignore g747 Report Abuse I agree with that whole statement.
silverfoxv65 Champion Author Michigan Posts:4,495 Points:1,232,975 Joined:Sep 2009	Message Posted: Apr 27, 2012 11:41:14 PM Ignore silverfoxv65 Report Abuse Yea and our speculators drive it in the ground every day.
suzmar Champion Author Texas Posts:2,214 Points:874,980 Joined:Jun 2006	Message Posted: Apr 27, 2012 11:38:21 PM Ignore suzmar Report Abuse We need to use more natural gas. Chesapeake is leading the way, spending lots of money to innovate new uses for natural gas.
prcoqui Champion Author Maryland Posts:3,960 Points:1,675,900 Joined:Dec 2006	Message Posted: Apr 27, 2012 11:36:39 PM Ignore prcoqui Report Abuse Interesting.
skybiker Champion Author South Carolina Posts:7,313 Points:1,562,440 Joined:Jul 2008	Message Posted: Apr 27, 2012 11:30:03 PM Ignore skybiker Report Abuse Use NG for fixed heating and electric and gas for transportation. We have enough oil for 200 more years right here in the USA....
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: Apr 27, 2012 11:28:23 PM Ignore babugp Report Abuse k
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Apr 27, 2012 11:28:18 PM Ignore clermont40miles Report Abuse Bad link. NG needs infrastructure to become a widely available resource. I hope the suppliers get busy soon. Vehicles will follow. Will speculators ruin this affordable commodity too? Most likely they will.
hcivic Champion Author Virginia Posts:3,869 Points:2,268,640 Joined:Aug 2005	Message Posted: Apr 27, 2012 11:24:47 PM Ignore hcivic Report Abuse ok, i know
ROSYMI Champion Author Michigan Posts:1,028 Points:370,550 Joined:Nov 2011	Message Posted: Apr 27, 2012 11:23:18 PM Ignore ROSYMI Report Abuse ok
jrsva Champion Author Virginia Posts:9,866 Points:1,615,435 Joined:Jan 2006	Message Posted: Apr 27, 2012 11:22:35 PM Ignore jrsva Report Abuse The link to the full article is broken. Here is the correct link.
silverghost2000 Sophomore Author Victoria Posts:134 Points:383,460 Joined:Jul 2011	Message Posted: Apr 27, 2012 11:22:13 PM Ignore silverghost2000 Report Abuse .
bif65 Champion Author Virginia Posts:1,023 Points:195,880 Joined:Jan 2011	Message Posted: Apr 27, 2012 11:18:15 PM Ignore bif65 Report Abuse ok
us4usa Champion Author Missouri Posts:6,003 Points:1,115,215 Joined:May 2008	Message Posted: Apr 27, 2012 11:15:00 PM Ignore us4usa Report Abuse Switch all cars and trucks to NG, we only make/have so much money why send it to OPEC????
DustyHorse Champion Author Virginia Posts:6,098 Points:1,393,795 Joined:Oct 2008	Message Posted: Apr 27, 2012 11:14:51 PM Ignore DustyHorse Report Abuse The link to the full article is broken.
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Apr 27, 2012 11:12:18 PM Ignore abcdMA Report Abuse we need to use more natural gas
Lukus Champion Author Halifax Posts:8,299 Points:1,677,455 Joined:Nov 2007	Message Posted: Apr 27, 2012 11:07:12 PM Ignore Lukus Report Abuse OK
southrob Champion Author Tucson Posts:3,615 Points:691,100 Joined:Mar 2011	Message Posted: Apr 27, 2012 11:04:58 PM Ignore southrob Report Abuse what would help alot on the gas price would be to drill on federal land
The_DR Champion Author New Jersey Posts:2,800 Points:587,990 Joined:Aug 2011	Message Posted: Apr 27, 2012 11:03:17 PM Ignore The_DR Report Abuse ok
camaro_man Champion Author Kitchener-Waterloo Posts:2,247 Points:613,970 Joined:Jun 2010	Message Posted: Apr 27, 2012 11:00:53 PM Ignore camaro_man Report Abuse wow
Yankee829 Champion Author Dallas Posts:2,221 Points:562,515 Joined:Sep 2010	Message Posted: Apr 27, 2012 11:00:36 PM Ignore Yankee829 Report Abuse Ok
carman11 Champion Author North Carolina Posts:3,353 Points:694,650 Joined:Jun 2011	Message Posted: Apr 27, 2012 10:58:52 PM Ignore carman11 Report Abuse Ok
CHEAPERBETTER Veteran Author Lansing Posts:418 Points:719,360 Joined:Nov 2010	Message Posted: Apr 27, 2012 10:58:24 PM Ignore CHEAPERBETTER Report Abuse We have plenty of NG, but not enough capacity to liquify it.
my2002m Champion Author Tulsa Posts:6,088 Points:1,673,205 Joined:Jul 2008	Message Posted: Apr 27, 2012 10:53:19 PM Ignore my2002m Report Abuse Because we use so little for fueling our vehicles. Need more options for natural gas powered vehicles.
BrucePen Champion Author Ontario Posts:6,621 Points:1,365,740 Joined:Sep 2008	Message Posted: Apr 27, 2012 10:48:50 PM Ignore BrucePen Report Abuse They can't count the money fast enough at Goldman Sachs.
warlord1 Champion Author Georgia Posts:5,260 Points:1,036,925 Joined:May 2010	Message Posted: Apr 27, 2012 10:45:20 PM Ignore warlord1 Report Abuse ok
fenster66 Champion Author Pittsburgh Posts:3,360 Points:676,040 Joined:May 2011	Message Posted: Apr 27, 2012 10:45:15 PM Ignore fenster66 Report Abuse ending speculation would help....