I guessed recently that speculation in natural gas prices was unfounded since we are literally swimming in the stuff, partially due to improvements in fracing. I was right, but it doesn't count, because I didn't believe it enough to buy puts.
The more important point is that this is good for America, because oil prices have been steadily increasing even though we are still in the midst of a deep recession. Natural gas is an important part of how America avoids a future Kurt Vonnegut style dystopia. So I was pleasantly surprised to discover the Civic GX is now being produced in North America. I was doubly surprised to discover just how many natural gas filling stations there are in my area, including one just 3 miles from my house:
Considering there are only circa 150 natural gas stations nationwide, this is pretty good; hopefully with the recent budget problems these will stay open.
You can also fill up at home using a device called Phill.
Wednesday, May 27, 2009
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