Venango County Tea Party Patriots

A non-partisan, non-profit, non-member, association dedicated to educating the public and promoting the principles of fiscal responsibility, constitutionally limited government and free market economics, and all other lawful activities.

natural gas

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US Natural Gas Production Prompts Slowdown

The U.S. natural gas market is bursting at the seams.

So much natural gas is being produced that soon there may be nowhere left to put the country’s swelling surplus. After years of explosive growth, natural gas producers are retrenching.

The underground salt caverns, depleted oil fields and aquifers that store natural gas are rapidly filling up after a balmy winter depressed demand for home heating.

The glut has benefited businesses and homeowners that use natural gas. But with natural gas prices at a 10-year low — and falling — companies that produce the fuel are becoming victims of their drilling successes. Their stock prices are falling in anticipation of declining profits and scaled-back growth plans.

Some of the nation’s biggest natural gas producers, including Chesapeake Energy, ConocoPhillips and Encana Corp., have announced plans to slow down.

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Oil and Natural Gas Renewable Resources?

President Barack Obama and his green energy confederates are determined to scare the public about a declining supply of “fossil fuels.”  If we accept the idea that oil is produced by the conversion of organic matter — from plants to dinosaurs — under extreme pressure, we must also accept the idea that there is a limited supply of oil and that we’ve got to do everything we can to find a replacement for fossil fuels before we run out.

The evidence is mounting that not only do we have more than a century’s worth of recoverable oil in the United States alone (even if there is a limit to the earth’s oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth’s surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it.

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Chryslar to Make Natural Gas Trucks

Chrysler aims to be the first U.S. automaker to produce a factory-built pickup truck that is powered mainly by natural gas.

The privately held company said Tuesday that its new Ram 2500 Heavy Duty CNG truck will be sold to commercial customers that operate truck fleets. The company expects to deliver the first trucks in July.

The truck will have natural gas tanks and an 8-gallon fuel tank for gasoline. Chrysler said a small amount of gasoline is needed to start the truck, but after ignition it runs entirely on natural gas. If the natural gas tanks run out, the engine can switch to gasoline.

Natural gas prices have dropped steeply over the last year thanks to higher production. Chrysler said the gas-powered trucks will save money for their owners over the long term.

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