Golly aren't you glad you didn't purchase a CNG vehicle right now with Natty spiking on this cold weather?
Unlike ethanol.. CNG vehicles need substantial modifications.. and can run upwards of $10k to install..
(https://www.consumerreports.org/cro/2012/03/the-natural-gas-alternative/index.htm ) Flip side.. is you could switch to CHEAPER.. just as Clean.. Non Cancer causing Etanol and save some $$$ vs paying..
$4.53 for Natty.. OUCH!!
Are there enough CNG vehicles to make a dent in Natty demand until the drillers can switch over from Crude to Natty production?
Most of the Oil guys here do not think we are done going down on Crude Oil..
February of 2016.. Crude bottomed out around $26.. It'll probably lag.. but Natty bottomed out around $1.60.. currently about 3 times that amount.. probably won't see any relief until next spring..
Will this rally kill the CNG exports?
Or could we IMPORT CNG..??
Edited by JonSCKs 11/23/2018 09:24
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