Quote:
Originally Posted by raider.adam
Because, as eldondre points out, it is easy to have a debt pay down plan look bigger than it is when it is based off raising rates on a, predominantly, captive audience.
But I am sure you are happy with higher natural gas prices because it takes money away from terrorists.
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Actually, when we were in British Columbia a few years ago I was amused to note that the taxis there run on propane. I would love to see natural gas become cheap enough that Americans (Philadelphians especially) switch to natural gas for uses other than heating and cooking. I understand that this is already the case in Utah, due to its proximity to gas fields and distance from oil fields. In short, I would love to see natural gas prices continue to drift lower relative to oil prices. It isn't perfect - it's still a fossil fuel - but it burns so much cleaner than oil, it needs alot less refinement, and as long as the new supply continues to be domestic, there aren't the national security issues, nor the issues of supporting despicable people and regimes. The present wholesale price of natural gas is so low that all of the LNG import terminals built a few years agos for billions are sitting idle (last I checked, six months ago), because the world price of LNG is / was much higher than the domestic US price of natural gas.