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Old Posted May 16, 2010, 2:30 AM
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Fiorenza Fiorenza is offline
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Quote:
If you are worried that natural gas prices are volatile (which they are) and may be priced at 6 times what it is now (which it was just two years ago) then you'll admit that there is chance that a natural gas dependent energy infrastructure may be subject to huge price spikes (which it has been) which blows it out to as high as 20 cents/kWh. FYI, natural gas prices are up 10%.... this week.
We have over 100 years proven reserves of natural gas in the US, with more coming online every day. In fact, there's an oversupply AKA a glut.
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