Future gas costs are expected to be higher, but need will grow more gradually than in previous projections, according to the Energy Information Administration’s latest annual long-term forecast, the “Annual Energy Outlook .”
Furthermore, residential usage of gas is forecasted to fall by 6 percent from 2005 levels this year however boost by 7.7 percent in 2007, the EIA states.
Energy preservation would help those cooling bills now and in the future. To assist in saving energy:
- Put curtains on your windows to keep out the sun.
- Install a thermostat that will automatically change temperature levels. Set it for 75 degrees in the summer when you are at home and raise it when you are out.
- Turn off lights, appliances and electrical devices when not in use. Do your baking, cleaning, drying and ironing early in the early morning or the night.
- Clean or change the filter for your a/c unit.
- Let dishes air dry in the dishwasher.
Costs associated with natural gas include four primary components: production, transmission, circulation and product rate as figured out by the marketplace.
When the gas is produced, it is transferred over far away by pipeline from the wellhead to a regional gas company. Once at the gas business, it is saved and then distributed to regional clients. The price of gas taken in is identified by supply, demand and other market conditions.
The Gulf of Mexico supplies 25 percent of domestic natural gas that is consumed in the U.S. But 11 percent of Gulf production is still blocked due to damage from Hurricanes Katrina and Rita.
Twenty-three percent of gas goes to house usage and 27 percent goes to electrical energy generation. Companies like Mammoth Resource Partners Inc., a Kentucky-based oil and gas expedition company, are striving to put a dent in skyrocketing gas prices by using the gas-rich Appalachian Basin.
“While people are dealing with ever-increasing energy costs, financiers acknowledge that within these increases exists a greater investment capacity,” says Roger L. Cory, president of Mammoth Resource Partners.
Post Sponsored by Seaham Glaziers – Local Emergency Glazier.