About Me-email is... grant.go@aol.com

My photo
garden bay, west coast, Canada
persistent digging,never say never

Wednesday, January 11, 2012

(January 23th Update, Double yikes!)Breaking News, Natural gas prices crash, Big Trouble for BC Liberals

Disastrous news for the BC Liberal Government......


Natural Gas prices crash...Province to make ZERO money on Natural gas,


The BC Liberal Government in their budget forecast suggested that Natural Gas would be in the $6 to $8 dollar range....The price today is a staggering...


$2.75..........

I have been following the relationship between Oil prices and Natural gas prices....When oil prices rise natural gas prices fall...

The Enbridge northern pipeline that will ship crude Alberta TAR sand oil to China will have the unintended consequences of keeping BC`s natural gas prices in the tank for years...

The Alberta pipeline pushers, and China...The Federal Conservatives are making it clear that the Enbridge pipeline will be pushed through...That world news has led directly to the crash in natural gas prices....

British Columbia by ceding to the Federal Conservatives, and the Alberta oil thugs will cost British Columbia $billions of dollars from a resource that BC owns...

Way to go Kevin Falcon.....You are a clueless twit....And if you are wondering why I addressed Kevin Falcon....The answer is simple, Christy Clark has been muzzled and Kevin Falcon and Shirley Bond our running the Province, or I should say...

Kevin Falcon, Shirley Bond, Mike De Jong and Pat pledge pin Bell are are following Stephen Harper`s orders...

Christy Clark is but a face on a tainted brand..

British Columbia will make no money on natural gas, in fact the price is so low that the gas companies will leave it in the ground...

Oh, before I forget, remember all the announcements we used to hear about the record land auctions in Northeast BC...Remember those numbers..$1.1 billion..$978 million..$890 million...Well guess what, the big players have so much land under lease they aren`t buying nothing...The next number you hear will $0.00

There will be no more announcements on that front....All that auction money was squandered by the BC Liberal Government on Retractable leaky roofs, money losing convention centers and money losing Translink bridges, cost overruns on everything...

Perhaps someone might want to ask Premier falcon to elaborate on Land auctions and natural gas prices, in particular, how big will BC`s deficits be now!








______________________________________________________

P.S.....Amazing, I just received a phone call from the BC Liberal party asking for money to help Christy Clark....I can`t repeat what I said!

UPDATED here.....Natural Gas falls even further...Price today..$2.68..January 12/2012l......Price today(January 13/2012...A staggering.....$2.64....Still dropping....$2.62...January 16th/2012...Price continues to drop, $2.56...Yikes,......January 16th..$2.54...

Updated again, January 17th....Double yikes..Still dropping fast...$2.48...Still falling...$2.45 ...


January 23th/2012......$2.27, at that price it makes more sense to leave it in the ground,...So Christy Clark, do tell, are you still asking British Columbia Hydro ratepayers to subsidize the energy use at these LNG plants while the Province makes nothing?...For at these prices the province does indeed lose money!

The Straight Goods

Cheers Eyes Wide Open

5 comments:

Hugh said...

Leave the gas in the ground, I say. Or use it in BC for a local source of energy, as long as it can be produced without contaminating groundwater.

Producing more nat gas and LNG sounds like it will bankrupt BC Hydro even quicker.

Hugh said...

Grant:
"I'd love to give money to the BC Liberals, but I need it for HST, Hydro rates, MSP premium, gas tax, BC Ferry fare, ICBC rate increase, etc. Have a nice day, bye."

Grant G said...

Hugh....I have followed the relationship with natural gas and oil for sometime....

Here`s the deal...Tar sands burn oodles of BTU`s of natural gas...If oil is expensive, and Enbridge wants to get the higher brent crude price, the Tar sands will need a lot more natural gas...

Therefor the price of natural gas will be manipulated downward..

If, and I mean if....If we are going to LNG plants it would be in our interest not to have the pipeline...

By allowing the Northern Enbridge pipeline we crank up the oil price and at the same time we drive down natural gas prices..

There is a direct relationship, the relationship is this...

The oil whores want cheap gas, cheap gas used in extracting TAR from the sand...

BC will sacrifice our resource for the sake of Alberta..


Cheers

Hugh said...

Thanks for your reply. How is the price of nat gas manipulated down?

PS Enbridge gas spill reported yesterday:

http://www.globaltvcalgary.com/enbridge+investigates+reports+of+gas+leak+off+louisiana+coast+in+gulf+of+mexico/6442557299/story.html

I heard MP Nathan Cullen on CBC radio a few hours ago, Right On!

Grant G said...

The big boys...When oil spikes up natural gas falls, when oil was $40 dollars per barrel the natural gas price was about $12 dollars per unit...

It`s been that way for years....So picture the scenario of Alberta crude getting $140 per barrel, the cheap natural gas subsidizes the extraction price and in the end big oil stills receives their money...

If oil price falls to $50 per barrel natural gas will spike back up...It has to do with those hedging investors, never-the-less...

The price now makes it a money loser for BC, we receive no royalties at that price..

China will not pay record prices for oil and natural gas, it`s one or the other.

Cheers