Cost of nat gas DOUBLED this month. ---!!

Increasing demand leads to increasing prices is gouging?

Say you have enough chickens to produce an extra 20 dozen eggs a month. You start selling them. At first you have 10 people buying a dozen a month. Then word gets out and you have 50 people wanting to buy a dozen a month. Would you not increase your price. You might even use some of the extra profit to buy more birds to produce more eggs which would allow you to lower your cost per dozen but still make the same amount of profit.

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Maybe because of the cost to upkeep all those pipelines?

Or.. maybe... greed and excuses?

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govt. wants to send gas over seas (NG) and build the pa pipeline to send our gas there. There is a glut of NG in pa from fracking and they just burn off all the excess and keep raising prices.

If you look at the historical prices of NG, generally there has been a decline is price.

you pay your green to them

Sorry but if you doubled the price of your eggs, I would find another place to get eggs.

People don't have that choice with natural gas. Doubling in price is not a reasonable overhead increase and you know that.

I bet if people sell gas for 10 dollars a gallon and water for 5 dollars a gallon after a hurricane , you don't think that is price gouging either. The government does though

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You might have a choice. It is possible to convert to LP. If you consider this, if you can, buy your own tank. Then when it is time for a fill, you can call around and get the best price. I've seen it be almost a $1 per gal difference.

Converting to LP may not be the best option. This past heating season our price per gallon jumped over 100% for a time. A consumer is still at the mercy of suppliers, weather and big business. I see the commercials on tv touting how the USA is going to be the biggest NG producer and from the commercial it seems like that will be good for American energy consumers. Since were now in the "global marketplace" how many people think that our energy prices are actually going to drop? I have my doubts...

Converting to LP is a terrible choice. It costs much more than NG on any given day.

We have a choice of several different suppliers who all gouge us. Just like gasoline, you can buy from gouger #1, 2 or 3, all "competitors" with a suspiciously identical price.

This is at our place in AB by the way, which is completely deregulated. I would suspect things went more smoothly and with a more reasonable rate rise over in SK where the gas company is run by the province.

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My brother was in the drilling industry in the 80's and 90's he said they never drilled a hole that did not have at least NG. They capped them. It is like Debeers and diamonds, keep the supply low and prices high.

Companies can't do that. They need the income. Once they've optioned the rights to drill the shale plays they have to drill and produce the well within a certain period. Otherwise the mineral rights owner can lease to another company. There's fierce competition to tie up blocks sufficient for the drilling and fracking required for the deep wells. They can't just sit on the well once it is completed. There are many wells that have been drilled but are not in production because the collection lines needed to transport the gas from the locations have not been completed.

The companies need the income to continue meeting their obligations under the leases otherwise they lose the money paid to the mineral owners. As shown by the graph posted previously, the competition has resulted in lower prices due to the large increase in NG availability. If your gas price has jumped, there's some issue in your area that's affected the price.

Some property owners saw companies refuse to take their gas because of the over supply. Property owners with older wells have all seen a large drop in the royalties they receive. An acquaintance recently showed me before and after royalty statements. His royalty income is down to 10% of what it was years ago.