Re: Fuel Prices
My bet is on coal gasification...
As far as Natural Gas... we really lucked out in the past month or so with the weather to allow for those inventories to build again... Unlike oil and refined products, we can't import our way out of a natural gas shortage... The high prices should do their part in forcing consumers to conserve, this year as well.
In my own household, which is heated with heating oil, we've made the switch to electric via a number of baseboards. In my area, the main producers of electricity are coal and nuclear... I know others who've given up on their natural gas and have opted for wood and pellet stoves.
Again, the market works... a shortage and/or high prices in one commodity changes the acceptance and usage of that product as consumers look for alternatives. I just wish congress can get it through their skulls... Oil companies don't need tax incentives and tax breaks, they need access. Access to the continental shelf and access to ANWR...
Why it is so difficult for people and congress to understand markets and history is beyond me... they screw it up damn near every chance they get.
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