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Natural Gas Pipelines to Expand U.S. Supply Glut: Energy Markets

Bloomberg -- Natural gas pipelines coming into service by year end may boost deliveries from the Marcellus shale deposit in the U.S. Northeast by 30 percent, extending a supply glut that helped send prices to decade lows.

As much as 2 billion cubic feet of gas a day are set to flow from the lines in Pennsylvania, Ohio and West Virginia, bound for markets along the Eastern Seaboard, based on government and pipeline-company projections. About 1,000 Marcellus shale wells sit uncompleted, mainly because of a lack of pipeline infrastructure, according to the Energy Department.

“There are new pipelines coming up and more Marcellus gas is going to flood storage going into winter,” Phil Flynn, senior market analyst at Price Futures Group in Chicago, said in a phone interview. “Unless you get a really co

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Submitted Sep 27, 2012 By: bar1035

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knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Sep 30, 2012 10:55:25 AM Ignore knutzAL Report Abuse k
sparky808 Champion Author Honolulu Posts:2,999 Points:597,805 Joined:Sep 2011	Message Posted: Sep 29, 2012 4:52:46 PM Ignore sparky808 Report Abuse Thank you for posting.
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,204,730 Joined:Mar 2008	Message Posted: Sep 28, 2012 10:03:42 PM Ignore LetemEatCake Report Abuse Just a comment on those posters who are experiencing high electrical rates...if available get a Smart Meter. If you are diligent, you can use Off-Peak Hours, here it is before 2pm and after 7pm weekdays. The cost of electricity is a little over 2 cents Off-Peak and I can check usage on the Internet day or night. Well worth it!
sparky808 Champion Author Honolulu Posts:2,999 Points:597,805 Joined:Sep 2011	Message Posted: Sep 28, 2012 1:25:10 PM Ignore sparky808 Report Abuse Thank you for posting.
blupupher Champion Author Houston Posts:3,550 Points:748,045 Joined:Feb 2011	Message Posted: Sep 28, 2012 10:43:03 AM Ignore blupupher Report Abuse wish it would drop my electricity rates, but the Texas PUC is screwing the consumer even thought production costs are lowering.
kishoreCA Champion Author Ventura Posts:3,117 Points:392,895 Joined:Mar 2012	Message Posted: Sep 28, 2012 9:45:46 AM Ignore kishoreCA Report Abuse good
zwsn01 All-Star Author Alabama Posts:691 Points:440,150 Joined:Jan 2012	Message Posted: Sep 28, 2012 8:23:14 AM Ignore zwsn01 Report Abuse Build the infrastructure and let us use the "glut". I'm ready for some cheap fuel.
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Sep 28, 2012 5:02:35 AM Ignore jcdakota Report Abuse Never thought we would ever hear those words - supply glut about any form of energy!!!!
comprof Champion Author Houston Posts:6,859 Points:1,356,750 Joined:Jul 2009	Message Posted: Sep 28, 2012 1:40:36 AM Ignore comprof Report Abuse A distribution grid has to come first.
pbear316 Champion Author Akron Posts:2,030 Points:677,140 Joined:Apr 2011	Message Posted: Sep 28, 2012 12:20:12 AM Ignore pbear316 Report Abuse Natural gas is great for fleets of vehicles. But they are not so great for personal vehicles. Maybe it's is different in other places, but I have never seen a station that sold natural gas.
madison8359 Champion Author Cleveland Posts:9,019 Points:1,593,295 Joined:Apr 2008	Message Posted: Sep 28, 2012 12:19:40 AM Ignore madison8359 Report Abuse This is good for all of us.
rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Sep 28, 2012 12:16:38 AM Ignore rahcat Report Abuse We need more CNG cars.
obimerrill Champion Author Cincinnati Posts:1,440 Points:289,715 Joined:Jul 2012	Message Posted: Sep 28, 2012 12:12:48 AM Ignore obimerrill Report Abuse Thisis good. Unfortunately many of us in SW Ohiomdont have natural gas to our homes.
shores4now Champion Author Kentucky Posts:2,406 Points:523,800 Joined:Jul 2009	Message Posted: Sep 28, 2012 12:04:29 AM Ignore shores4now Report Abuse Ok
Aviator_Rob Champion Author New York Posts:3,795 Points:413,315 Joined:Mar 2012	Message Posted: Sep 28, 2012 12:04:25 AM Ignore Aviator_Rob Report Abuse That's a major problem, @heydano67. Natural gas is MUCH harder to store than oil. It takes a lot of pressure which also requires energy and it has a tendency to leak out when under pressure.
bvrbill Champion Author Eugene Posts:3,217 Points:518,525 Joined:Jul 2011	Message Posted: Sep 28, 2012 12:04:12 AM Ignore bvrbill Report Abuse We need more CNG vehicles.
Aviator_Rob Champion Author New York Posts:3,795 Points:413,315 Joined:Mar 2012	Message Posted: Sep 28, 2012 12:02:05 AM Ignore Aviator_Rob Report Abuse It's not so easy, @knot2swift. Spectra Energy is already trying to build a huge gas line to Manhattan but you don't understand how much energy is truly needed. Just about every building in New York is heated by furnaces fueled by #2 or #6 heavy oil. You would need a gas line big enough to drive a truck through to supply enough natural gas if every building switched to gas heat. As it is, natural gas powerplants in New York need to keep oil in storage tanks onsite, in order to switch fuels when natural gas pressure is low during peak demand.
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Sep 28, 2012 12:01:30 AM Ignore jem069 Report Abuse ok
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Sep 27, 2012 11:59:39 PM Ignore sydb7 Report Abuse glut should not equal high prices!
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Sep 27, 2012 11:59:04 PM Ignore Lizzylou Report Abuse BUT will it help the price of gas???
Aviator_Rob Champion Author New York Posts:3,795 Points:413,315 Joined:Mar 2012	Message Posted: Sep 27, 2012 11:56:50 PM Ignore Aviator_Rob Report Abuse Really, @suzmar? Once all the natural gas has been sucked out of the ground and burned, then what? Wind and solar energy doesn't run out. Save the natural gas for night, cloudy days, and whenever the wind doesn't blow.
Blue48 Champion Author Illinois Posts:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: Sep 27, 2012 11:55:11 PM Ignore Blue48 Report Abuse WE SHALL SEE WHAT HAPPENS!
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,230 Joined:Mar 2006	Message Posted: Sep 27, 2012 11:54:15 PM Ignore Dodge_Me Report Abuse hmm
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: Sep 27, 2012 11:51:51 PM Ignore Gas4Gore Report Abuse Good
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 27, 2012 11:51:13 PM Ignore Jeeputtputt Report Abuse and....
EnergyEngineer Rookie Author Oklahoma Posts:90 Points:19,355 Joined:Sep 2012	Message Posted: Sep 27, 2012 11:49:19 PM Ignore EnergyEngineer Report Abuse Hopefully more supply means lower prices
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:401,600 Joined:Jan 2012	Message Posted: Sep 27, 2012 11:40:14 PM Ignore Shakleelady31 Report Abuse Okay.
VetteFan Champion Author Indiana Posts:9,739 Points:2,028,480 Joined:Aug 2005	Message Posted: Sep 27, 2012 11:38:23 PM Ignore VetteFan Report Abuse We'll only have a glut until we sell the world on natural gas. After that we'll be selling natural gas TO the world.
dudleydolittle Champion Author Cleveland Posts:4,425 Points:591,070 Joined:Sep 2011	Message Posted: Sep 27, 2012 11:38:18 PM Ignore dudleydolittle Report Abuse I don't think it will help lower your gas prices, as most cars does not run on natural gas. HAHA
ican2step Champion Author Pittsburgh Posts:1,681 Points:426,650 Joined:Feb 2012	Message Posted: Sep 27, 2012 11:37:06 PM Ignore ican2step Report Abuse Neat
suzmar Champion Author Texas Posts:2,212 Points:872,740 Joined:Jun 2006	Message Posted: Sep 27, 2012 11:36:43 PM Ignore suzmar Report Abuse This is why we need to use more natural gas and forget about wind, solar etc.
bston Champion Author Oklahoma City Posts:1,820 Points:642,275 Joined:Mar 2011	Message Posted: Sep 27, 2012 11:33:43 PM Ignore bston Report Abuse Wish it would reflect on the prices we pay for gasoline.
gasgo123 Veteran Author South Carolina Posts:279 Points:1,769,815 Joined:May 2005	Message Posted: Sep 27, 2012 11:32:59 PM Ignore gasgo123 Report Abuse If natural gas prices are coming down, how come my gas company is rasing rates for natural gas?
dylan126 Champion Author Cleveland Posts:4,425 Points:594,895 Joined:Sep 2011	Message Posted: Sep 27, 2012 11:31:00 PM Ignore dylan126 Report Abuse Let's destroy the ground water, what do you say?
vibdata Champion Author Massachusetts Posts:4,085 Points:848,325 Joined:Nov 2005	Message Posted: Sep 27, 2012 11:30:17 PM Ignore vibdata Report Abuse Gas is dangerous. It can explode. Nasty.
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Sep 27, 2012 11:27:31 PM Ignore DEG Report Abuse So when are the natural gas prices and electricity cost (that generated by using natural gas) going to come down for the consumer?
kulwicki7 All-Star Author Virginia Posts:638 Points:268,845 Joined:Sep 2005	Message Posted: Sep 27, 2012 11:24:57 PM Ignore kulwicki7 Report Abuse ok
wayoung56 Champion Author Alabama Posts:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Sep 27, 2012 11:22:51 PM Ignore wayoung56 Report Abuse Interesting article...
gasmack Champion Author Ventura Posts:1,710 Points:667,575 Joined:Feb 2011	Message Posted: Sep 27, 2012 11:20:38 PM Ignore gasmack Report Abuse Hope this projected glut will cause electricity prices to tumble.
camel1 Champion Author Minnesota Posts:8,265 Points:2,265,640 Joined:Jul 2006	Message Posted: Sep 27, 2012 11:18:32 PM Ignore camel1 Report Abuse sounds like prices should be low again this year, or will gas companies not pass the price breaks to consumers?
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,230 Joined:May 2011	Message Posted: Sep 27, 2012 11:10:48 PM Ignore gd83goldwinger Report Abuse ok.
carpenter4u Champion Author Virginia Posts:2,436 Points:616,395 Joined:Jul 2011	Message Posted: Sep 27, 2012 11:10:34 PM Ignore carpenter4u Report Abuse Just need to convert more vehicles to NG
knot2swift Champion Author Calgary Posts:4,384 Points:697,000 Joined:Nov 2009	Message Posted: Sep 27, 2012 11:09:54 PM Ignore knot2swift Report Abuse Well good.... Maybe the idiot North East can learn to get of expensive heating oil after all.
MG_Sputnik Champion Author Philadelphia Posts:7,305 Points:1,960,405 Joined:Apr 2006	Message Posted: Sep 27, 2012 11:09:06 PM Ignore MG_Sputnik Report Abuse We're all doomed.
njerald Champion Author Seattle Posts:7,829 Points:1,624,050 Joined:Oct 2007	Message Posted: Sep 27, 2012 11:05:40 PM Ignore njerald Report Abuse The conservative way
trytogetby All-Star Author Cincinnati Posts:864 Points:214,000 Joined:Apr 2012	Message Posted: Sep 27, 2012 11:05:37 PM Ignore trytogetby Report Abuse Sorry but I don't believe it.
serrog Champion Author Nova Scotia Posts:5,564 Points:1,512,130 Joined:Oct 2008	Message Posted: Sep 27, 2012 11:05:33 PM Ignore serrog Report Abuse ok
yorkygurl2008 Veteran Author Indiana Posts:257 Points:51,785 Joined:Sep 2012	Message Posted: Sep 27, 2012 11:04:38 PM Ignore yorkygurl2008 Report Abuse okay
hank1326 Champion Author Los Angeles Posts:8,909 Points:1,733,585 Joined:Jun 2008	Message Posted: Sep 27, 2012 11:04:21 PM Ignore hank1326 Report Abuse Time will tell the truth.
ExplorerWA Champion Author Washington Posts:4,078 Points:797,150 Joined:Feb 2011	Message Posted: Sep 27, 2012 11:03:47 PM Ignore ExplorerWA Report Abuse Should bring low prices for the winter.