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The new "Rockies Express" pipeline could possibly double our natural gas prices in UT/CO/WY within a couple of years... This will have the effect of evening-out prices from the Rockies to the East Coast.
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Re: Good-bye 63 cent Utah? New pipes may raise western gas rates
Make sure you read the DETAILS in this article . . . yes MASSIVE supply of cheap natural gas is right there in Colorado . . yes, that is the state that Clean Energy has monopoly where public cng price was $2.49 (can you say MEGA OverCharge!!!), until recent early 2008 price drop to $2.29/gge.
Also, note that Texas further has MASSIVE supplies of cheap natural gas, and you guessed it, Clean Energy also charges $2.29 per gge there as well!!
No escaping the huge disparity of $0.64 per gge in Utah versus $2.29 that Clean Energy charges in CO and TX !!!! I can sure see why Utah residents LOVE Questar, and I trust that Questar will do the right thing and only make reasonable changes. However, not much is needed to smell out Greed Energy . . . aka Clean Energy . . . a monopoly gone amok!!
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Re: Good-bye 63 cent Utah? New pipes may raise western gas rates
The pipeline needs to completed to the Chicago area and link into other gas pipelines to have a BIG effect on the Wyo/Co/Utah fields. That is a few years away. The completed pipeline mentioned is only the first in a series of future projects.
The West has massive ngas reserves, far more than any new pipeline can support- I dont see a big price change unless our govt taxes become excessive. FWIW, Questar and UPL are developing the biggest new field in the US, in the Pinedale anticline in west central Wyo. CHK is the big actor in the midwest.Comment
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Re: Good-bye 63 cent Utah? New pipes may raise western gas rates
When Kern River looped there 36" line that runs from Wyoming to California (yes they added another 36" Line) it only temporarily and partially deflated the Rocky Mountain gas bubble and there are a lot more wells being drilled now than there was at that time.Comment
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