Why Are Gasoline Prices Rising?
February 26, 2013 | Energy Information Administration
"The average U.S. retail price for regular motor gasoline is up about 45 cents per gallon since the start of 2013, reaching $3.75 per gallon on February 18. The rise in gasoline prices is partly due to higher crude oil prices. However, most of the increase in the pump price of gasoline reflects an increase in the gasoline crack spread, the difference between the wholesale price of gasoline and the price of crude oil." Quoted from the Energy Information Administration.
Future of the Haynesville Shale?
April 13, 2014 | TheAdvertiser.com
Natural gas drilling activity in the Haynesville Shale was booming in 2010 but has fallen significantly since then. The fall occurred as natural gas prices fell from $12 down to $2. Companies started drilling there with a high income assumption. After the price fall, drillers could make more money drilling liquid and oil-rich plays because the revenue there was greater. They Haynesville still holds lots of gas and drilling will increase when prices increase.
Beijing Switching to Natural Gas?
October 8, 2013 | UPI
Four coal-fired power plants in Beijing will be replaced with natural gas units by the end of 2014. The $7.8 billion project will cut 10,000 tons of sulfur dioxide emissions. At the present time, natural gas has a much higher price in China than it does in the United States.