Futures prices for natural gas vary from day to day and are also based on the delivery date of the contract. Natural gas futures trade at the New York Mercantile Exchange. Futures prices listed on indexes and real time quotes use the unit dollars per million British thermal units.
Natural gas is a fossil fuel composed of flammable gases, primarily methane, that formed from decaying organisms buried deep beneath the Earth's surface due to intense heat and pressure over thousands of years. It is one of the major energy sources throughout the United States and the world.
Natural gas is typically found 1 to 2 miles underneath the surface of the earth where it becomes trapped by large formations of porous sedimentary rock. Deposits of natural gas, known as reservoirs, are typically dome-shaped and require industrial drilling operations in order to harvest. Natural gas
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
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.
Crude oil, and by extension, gasoline, is a non-renewable resource; therefore eventually, the cost of gasoline will inevitably rise due to scarcity. A vast number of factors play into the cost of gasoline. Experts can only speculate whether gas prices will rise or fall.
There are a couple of theories regarding how natural gas may have been formed in the Earth. One theory stipulates that natural gas was formed when prehistoric animals and plants were buried under deep layers of Earth. Another theory states that the Earth's natural gas was created even earlier, when
Natural gas is a fossil fuel created when high pressure deep under the surface of the earth compresses organic matter. It is an odorless, colorless mix of methane and other hydrocarbon gases including ethane, propane, butane and pentane. Natural gas burns cleanly compared to other fossil fuels.
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.