tag:blogger.com,1999:blog-4664957094233317169.post6029634578659553123..comments2023-12-26T05:33:56.740-05:00Comments on John Hanger's Facts of The Day: Stunning Fact: Gas Prices Will Determine Whether 21,000 Megawatts Or 141,000 Megawatts Of Coal Retires, According To Blockbuster New StudyJohn Hangerhttp://www.blogger.com/profile/06565915866938789295noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4664957094233317169.post-75095754264314392652012-10-10T11:26:59.301-04:002012-10-10T11:26:59.301-04:00Fascinating how the whole thing fits together and ...Fascinating how the whole thing fits together and you are right there are a lot of big interests who would like to see gas prices go higher. My main interest is in doing what is best from a realist standpoint for the environment and for climate change. That is why I support shale gas and would like to see the price stay low enough to make a big switch from coal to gas but not so low that it is unprofitable. The real miracle of shale gas is that this appears to be attainable - at least for the near future. Concerned Scientistnoreply@blogger.comtag:blogger.com,1999:blog-4664957094233317169.post-24458047402760648882012-10-10T10:19:58.065-04:002012-10-10T10:19:58.065-04:00I should have added that the nuclear power industr...I should have added that the nuclear power industry--operators of existing plants and those seeking to build new ones--want higher gas prices, as they would increase the price of wholesale electricity. Higher gas prices means higher margins/profits for existing nuclear power plants.John Hangerhttps://www.blogger.com/profile/06565915866938789295noreply@blogger.comtag:blogger.com,1999:blog-4664957094233317169.post-74004482937291808512012-10-10T10:17:29.968-04:002012-10-10T10:17:29.968-04:00Consider who wants higher gas prices. It's fas...Consider who wants higher gas prices. It's fascinating. Obviously producers do, though most know prices can go too high to be good for them. Coal does since it is in direct price competition with gas. Oil heating dealers want higher gas prices as gas is displacing heating oil. Some renewable companies would be glad to see higher gas prices because that would boost electricity prices and make financing renewable projects easier. A group of environmentalists are doing everything they can to outright ban shale gas and otherwise increase gas prices--despite the obvious negative impact on air, climate, and water that would result. Those who don't want higher gas prices are essentially industrial, commercial, and residential consumers of gas as well as those in the CNG transportation business.John Hangerhttps://www.blogger.com/profile/06565915866938789295noreply@blogger.comtag:blogger.com,1999:blog-4664957094233317169.post-78549959000045806412012-10-10T09:52:20.411-04:002012-10-10T09:52:20.411-04:00A good and important point. If gas companies can b...A good and important point. If gas companies can be patient for a few years they can gain a much bigger market share. Some areas of the Marcellus can be economic down to $2/mcf and large areas can be economic at $4.30. <br /><br />It will be great news for the environment if the price remains that low. Let's hope that a lot of new, unnecessary federal regulation of the industry doesn't jack up the price to where it's more profitable to burn coal. It would be a real tragedy if the efforts of environmentalists to make fracking more difficult ended up leading to more coal being burned and thus a dirtier environment. <br />Concerned Scientistnoreply@blogger.com