Tuesday, September 06, 2005

Paying for Your Car's Gas To Be the Least of Your Problems

Quit whining about $3 a gallon at the pumps, because if you have to heat your home this winter, THAT'S what's going to cost you:

By Tuesday, more than 4 billion cubic feet a day, or 42 percent, of the region's natural gas production remained shut down and 67.6 billion cubic feet of output has been lost since Aug. 26, according to the federal Minerals Management Service.

This is the time of year when utilities typically increase their underground storage of natural gas in order to prepare for winter demand.

The U.S. does not have an emergency stockpile of natural gas, as it does for crude oil, and the country's capacity for importing liquefied natural gas is limited.

I was hearing about high natural gas prices BEFORE Hurricane Katrina -- it's going to be bad no matter what happens.