Natural gas is commonly found near deposits of oil as it is created by a process that combines high temperature and compression that breaks down organic matter. Natural gas deposits are generally trapped inside sedimentary basins which serve as a reservoir that can be accessed through a drilling pro
Natural gas is an important source of energy with commercial and industrial uses and for domestic consumption in private homes. Natural gas is easily transformed into energy but is also used for heating houses and powering cars, trucks and other vehicles employed in public transport. The employment
Natural gas prices can be converted from units such as Ccf or Mcf to prices in terms of BTUs, Therms and similar units through the use of natural gas unit conversion charts. Natural gas conversion tools allow simple conversions between natural gas units such as MMcf and BTU, which allows a user to c
Gas prices increase as the price of crude oil, needed to produce petroleum, increases. Crude oil prices are affected by supply relative to both the actual and expected demand for petroleum products.
Natural gas is a fossil fuel and a non-renewable energy source. While it is available in abundance in 2014, like petroleum, there is a limit to the amount of natural gas available. The primary compound in natural gas is methane, so if it leaks without being burned, it is a greenhouse gas.
To compare natural gas rates between competing providers, visit the website of the state agency in your state that oversees that region's gas market. Some state agencies publish current rates from different providers. To compare different rates within the same company, visit that company's website t
Gasoline retailers set the gas price at the pump; however, many of the factors are beyond their control, such as the market price of crude oil, distribution interruptions, the work of speculators, the value of the dollar and taxes. Refining and composition requirements also contribute.
In the United States, natural gas supplies are expected to last approximately 85 to 92 years, depending on how much natural gas is consumed every year. Around 2,214 trillion cubic feet of natural gas is available for extraction in the United States.
The average residential prices for natural gas vary based on the state. In July 2015, the average was $11.68 per 1000 cubic feet in California, $24.58 in Florida, $13.65 in Michigan and $11.33 in Delaware.
There exists several ways in which someone can invest in natural gas. A very popular method is investing in futures and by stock, or the equity side of the business, according to Commodity HQ.