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I am trying to figure out the same thing... The question here is very vast. You would need to find a way to produce engery like oil n gas does to cars, planes, military equipment, trains ect. You could also find a way to convert a nation, literly an entire country to stop useing bottled water as that produces 17 billion gallons of crude oil a year.
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What factors affect gas prices?
HEATING: During cold months, typically November through March, residents and businesses use more natural gas for heating. If the winter months are unusually frigid, there is a higher demand for natural gas. With a higher demand for natural gas, the price increases. SEVERE WEATHER: Severe weather can affect natural gas prices. Much of the production of natural gas comes from the Gulf Coast of the United States, which are prone to hurricanes. When hurricanes hit, the production of natural gas along the coast is hindered, which causes the price of natural gas to rise. LACK OF DEMAND: A decrease in demand for natural gas leads to lower prices for natural gas. During an economic downturn, consumers use less natural gas, resulting in a surplus of natural gas. This surplus drives the price of natural gas down.
Does the Natural Gas industry plan do lower prices?
Natural gas prices are generally determined based on supply and demand. Prices are also sometimes influenced by the price of other natural resources, such as crude oil.
What is the worldwide demand for natural gas?
The worldwide demand for natural gas is slightly more than 150 trillion cubic feet.
Can you use natural gas for electric power production?
Yes. Natural gas is used all the time for the production of electricity. Typically, natural gas power plants are small, on-demand plants which are used during periods of peak demand. These power plants are called 'peaker plants'. Natural gas is also used by most standby generators.
Why would the demand for natural gas be more inelastic in the short run than in the long run?
Natural gas is inelastic in the short term because the amount of natural gas available does not tend to increase with demand. In the long run prices can become more elastic due to the ability to adjust your overall consumption of natural gas to match the supply.
What has the author Charles G Everett written?
Charles G Everett has written: 'Natural gas supply/demand accounting' -- subject(s): Natural gas
Why is natural gas the best gas for the US?
Natural gas is by far the cleanest burning fuel. The U.S. has the 6th largest natural gas reserve in the world. With this abundance, the price is cheap and the more we develop it, the less we are dependent on foreign oil.
Gas stations do not provide Natural Gas cng pumps in the Knoxville area why?
Not enough demand to justify the expense of installing them.
What has the author Jeremy Russell written?
Jeremy Russell has written: 'Geopolitics of natural gas' -- subject(s): Gas industry, Liquefied natural gas industry, Natural gas, Political aspects of Gas industry, Political aspects of Liquefied natural gas industry, Power resources, World politics 'Energy as a factor in Soviet foreign policy' -- subject(s): Foreign economic relations, Foreign relations, Power resources 'Dharamsala, Tibetan refuge' -- subject(s): Buddhism, Pictorial works, Religion, Tibetans 'Environmental Issues in Eastern Europe'
What was the effect of the opening of natural gas pipelines from Canada and the Gulf of Mexico?
The increased supply caused some dips in the price of natural gas, but these fluctuations were generally offset by increased demand for energy.
Why is natural gas prices lower?
natural gas prices tend to be lower mostly because it's natural. There are some gases that go into a factory and are mixed with other liquids and substances that make it more expensive because they are more useful as a gas. These are not natural. For example strawberries are higher priced when they are boxed and cleaned and freshened up. When you pick them out of the ground they tend to be less priced because they could be bad ones, not cleaned or anything else. Get it? Natural gas is lower priced because it doesn't have to be as high maintenance! I hope this helped!
What is one use for natural gas?
There are several uses for Natural Gas: >> Cooking (with a gas stove) >> Heating (with a gas furnace) >> Many electric power companies have gas powered electric generators which they put in service during periods of peak demand for electricity.. >> Some cars a now equipped motors that burn natural gas. >> Etc, etc, etc.
