Monday, January 02, 2012

Some Interesting 2011 Facts: U.S. is No. 1 Wine Consumer, Napa Valley Cools Off, $3 Natural Gas

1. "For the first time in recorded history, America bought more wine in 2011 than any other country in the world."

2. "Napa Valley experienced another cooler than average wine growing season — a decade-long trend. The cool summer led to “the latest start to harvest that any vintner or grower can remember." The first grapes for the sparkling harvest were brought in on Aug. 29."

Source: "A Look Back at the Year in Wine" (thanks to Joe Lais)

3. "Three dollar natural gas or to be precise $2.98 for a thousand cubic feet on December 30, 2011 natural gas was the biggest, most powerful energy and environment fact of 2011."

Source: John Hanger, energy expert


At 1/02/2012 1:09 PM, Blogger Zachriel said...

Don't see a reference to global cooling? Did you mean regional cooling?

At 1/02/2012 1:20 PM, Blogger Buddy R Pacifico said...

From the John Hanger blog ref:

"At the end of 2011 coal's share of the power market had fallen to about 43%, gas' share had risen above 25%, and EIA projected coal would decline 4% more in 2012. Low-priced gas is changing how America keeps the lights on.

As well as the energy efficiency and renewables booms, gas displacing coal is a major reason why US carbon emissions have fallen in 4 of the last 6 years."

The shift to nat gas, fueling electrical generation, is very significant in helping fuel the U.S. economy.

At 1/02/2012 3:47 PM, Blogger Benjamin Cole said...

It may be that natural gas prices go even lower.

As man improves drilling techniques continuously, and shale or other fields are found in cheap Third World labor nations, then we could see extended and lush supplies for generations.

We may be entering the Great Era of Cheap Natural Gas, and one which CNG or LPG or even methanol (easily made from natural gas) replaces crude oil.

This would result in USA natural gas production levels go flat, while global supplies rise.

At 1/03/2012 8:29 PM, Blogger VangelV said...

Low-priced gas is changing how America keeps the lights on.

It certainly has. The problem is that you need much higher priced gas to make shale gas production profitable. The days of staying solvent because you had hedges that allowed you to sell production at $8 per Mcf are behind us. Instead of sitting behind a desk and dreaming some of these people should sit in on a conference call or two and pay attention.

At 1/03/2012 8:30 PM, Blogger VangelV said...

It may be that natural gas prices go even lower.

If you really believe that you have a chance to make a killing by shorting gas now.


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