New Jersey Needs Natural Gas and Pipe...

New Jersey Needs Natural Gas and Pipelines

Posted in the Energy Forum

Joe Massaro

Pittsburgh, PA

#1 Feb 21, 2013
People living outside the Marcellus Shale region in places like New York City and New Jersey have the pleasure of reaping the benefits of natural gas while not incurring any of the temporary inconveniences. These areas will never see development yet they continue to delay and stop pipeline expansion into major cities as well as pass bans on the hydraulic fracturing process. New Jersey resident, John Broyles, takes a look at this phenomenon.

After reaching a high of over $13 in June of 2008, natural gas prices closed at $3.16 on the 15th of February. We can credit hydraulic fracturing for low cost and reliable supplies of natural gas. Considering the fact that 27% of all natural gas demand is commercial and industrial, residential customers arenít only seeing lower heating and electricity prices, theyíre also seeing lower priced consumer goods.

The Marcellus Shale has accounted for 25% of all natural gas volumes in the US. Itís also closest to the premium northeast markets. It would make one wonder why in late January we saw spot prices in New Jersey and New York trade up to $35 while prices in New England traded up to $65.

To read the full story click here - http://eidmarcellus.org/marcellus-shale/new-j...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Energy Discussions

Title Updated Last By Comments
News Resistance That Won't Quit: A Timeline of the K... Jun 16 Eric V 1
News Mystery Smell Blows Into Stockton (Oct '09) Jun 14 A losie 14
News Power generating station beginning to take shape (Jan '08) Jun 14 was this done 128
News Questar to Build CNG Facility in Houston for Sw... (Jan '13) Jun 8 Obumer 3
News Part 3: Multiple Blows (Apr '12) Jun 3 MuKappaD 11
News PG&Ea s Solar Choice Program Brings Clean Energ... May '17 Solarman 1
News DTE Energy DTE Energy announces plan to reduce ... May '17 Solarman 1
More from around the web