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Price Of Gas

oh, one more thing, a rough calculation shows me that I would need to drive my gas guzzler at least 15000kms to just pay for the conversion. I know there is likely a mathmetician somewhere out there who could do a more accurate tally. (but it's not necessary.)
 
MagSeal said:
But lets wait for Baldy to find a website and/or news article to refute the claim that it would be a costly conversion

I didn't forget you. Just being very busy with some problems. I know a very good website from the Canadian Government but I can't find it now. As soon as I have the link I will post it. 😀


MagSeal said:
oh, one more thing, a rough calculation shows me that I would need to drive my gas guzzler at least 15000kms to just pay for the conversion. I know there is likely a mathmetician somewhere out there who could do a more accurate tally. (but it's not necessary.)


Well if it takes 15,000 Kms to pay for the conversion and the majority of people drive about 30,000 Kms a year, that means that you pay for the conversion in six months and everything else thereafter is savings.

I don't think that it is a bad deal at all.


By the way, how much Natural gas is out there?


It varies according to the oil prices but it is always around 60% of the price of a litre of gasoline, so 40% savings.

In Canada its even a better deal because the price is about 50% of the gasoline costs. :up:
 
😳 So, you think a gallon of gasoline is expensive?

-Diet Snapple 16oz for $1.29 = $ 10.32 per gallon

-Lipton Ice Tea 16oz for $1.19 = $ 9.52 per gallon

-Gatorade 20oz for $1.59 = $ 10.17 per gallon

-Ocean Spray 16oz for $1.25 = $ 10.00 per gallon

-Pint of milk 16oz for $1.59 = $ 12.72 per gallon

-STP Brake Fluid 12oz for $3.15 = $ 33.60 per gallon

-Vick's Nyquil 6oz for $8.35 = $178.13 per gallon

-Pepto Bismol 4oz for $3.85 = $ 123.20 per gallon

-Whiteout 7oz for $1.39 = $ 25.42 per gallon

-Scope 1.5oz for $0.99 = $ 84.48 per gallon

-Evian water 9oz for $1.49 = $ 21.19 per gallon


So next time you're at the pump, be glad your car doesn't run on Nyquil, Scope, Whiteout or even Mineral Water 😀 😀 😀 😛
 
at least they taste better than gas/oil.

and it's good to see you have a sense of humour about this.

But my question about the LNG was how much is in the ground, not how much it costs. I suppose if everyone uses LNG it will eventually run out at some point too.
 
MagSeal said:
But my question about the LNG was how much is in the ground, not how much it costs. I suppose if everyone uses LNG it will eventually run out at some point too.


MagSeal


I am not in the oil business so I do not know enough to make an inventory of the world's natural Gas reserves. I do know that fossil fuels are a finite resource that has been around for millions of years and mankind is going to finish it off less, much less then two centuries after that source of energy was discovered and put to use.

I see this as a dramatic event for the future generations if an affordable alternative can't be found in time to compensate fossil fuels scarcity.

About your question I have no idea of what is left on the ground, but I now something that can give you a clue.

Qatar in the Persian Gulf has proved reserves of natural gas that exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. This country has a huge off-shore field just North and NorthEast of the contry that starts in the costline more or less where the city of Ar Ruways is that has a gazillion of cubic meters of gas so big that the number doesn't make any sense. However, the person that wrote the article about it said that, THAT field alone is enough to warm-up all American homes for a century, but as you see it accounts for 5% of ALL World reserves.

This field is an exception in terms of size can give you an idea of the other 95% that exists.

This is all I can say, but as always I can give you a link that says more :lol:

The Qatari government celebrated twenty years of independence in September 1991 with the inauguration of Phase One of the North Field development project. The gas project, in a 6,000-squarekilometer field off Qatar's northeast coast, is supervised by Bechtel of the United States and by Technip Geoproduction of France. The project marks a major step in Qatar's switch from a reliance on oil to gas for most of its revenues. The North Field is the world's largest natural gas field, and its exploitation will place Qatar in the top ranks of the world's gas producers. Natural gas from other fields provides fuel for power generation and raw materials for fertilizers, petrochemicals, and steel plants. With the expected depletion of oil reserves by about 2023, planners hope natural gas from the North Field will provide a significant underpinning for the country's economic development.

Qatar Economy - Oil and Natural Gas


You see Qatar expects to run out of oil by 2023.
The North Sea is also being depleted fast as well as many other places and what is being discovered is a lot less then what it is spent. So the day when we will have to learn to live without oil is fast approaching and a lot of people think that SUV's are great... :down:

BTW do you like horses and horse riding ? 😛
 
MagSeal said:
oh, one more thing, a rough calculation shows me that I would need to drive my gas guzzler at least 15000kms to just pay for the conversion. I know there is likely a mathmetician somewhere out there who could do a more accurate tally. (but it's not necessary.)


NOW I GOT YOU 😛

Good Lord, it would have costed you nothing if you bought a new car ZERO, NADA, RIEN, NOTHING...


Canada did have until March 2004 a program that would subsidize, I would say PAY for it if new.
Towards a conversion of an existing vehicle just $500 but its better then nothing.

I was looking for a link about LNG that I lost and look at what I found !!!

A contribution of $2,000 will be made payable to owners of factory-built light duty natural gas vehicles and $3,000 toward the purchase of factory-built heavy-duty natural gas vehicles purchased between January 1, 2001 and March 31, 2004.

THE NEW NATURAL GAS FOR VEHICLES PROGRAM

And GM Canada do have factory cars ready for this so others might have joined in.

GM Introduces Natural Gas Chevrolet and GMC Pickup Trucks

And on top of this 38.9 cents per litre NOW. What a deal.

--
 
Using the link You provided He would only get $500.00 towards the conversion ( for an after-market ) that's providing that the area He resides in is serviced with natural gas from Alberta.

:elvis: :shock: :elvis:
 
Elvis said:
Using the link You provided He would only get $500.00 towards the conversion ( for an after-market ) that's providing that the area He resides in is serviced with natural gas from Alberta.

:elvis: :shock: :elvis:

Right I said that in my post. I said that it would have cost him nothing meaning if he had initially bough the car "factory ready".

As far as I know Alberta is the main supplier in Canada of Natural Gas in the prairies and in the East. In BC I do not know because they also have natural gas
 
BTW, how could the supplier be monitored when the local supplier of natural gas looks for the best deal that week?

:elvis: :elvis:
 
Elvis said:
BTW, how could the supplier be monitored when the local supplier of natural gas looks for the best deal that week?

:elvis: :elvis:


That is something I do not know.

Another correction. In Ontario you could get $1,500 towards a conversion...

There are Federal, The ATF Program, and Provincial government incentives available to help off-set the initial cost of conversion:

$500 from the Federal MDIP fund

$1000 (maximum) from the province of Ontario as a rebate of the sales tax paid on the vehicle if the conversion is completed within 180 days of ownership.

I am still looking for the darn link that I found and just vanished :stupid:
 
Golfed at Banff with a couple Brits from Nottingham on Friday. 881/2 cents(pense??) in the UK per litre. Should make it somewhere C$2.17.

I guess we should quit our bitchen'''' but then, what would we do?
 
I just updated my May 16 post with the gasoline prices in Europe for the week of May 17th

ALL COUNTRIES now above US$5.00 per US Gallon !!!
 
MagSeal

I told you not to trust them disn't I ? Just recheck my May 14 10:51 post... 😱


Just for the FOURTH time this year !!!

Financial Times - Shell restates reserves of oil and gas for the fourth time this year

The Guardian - Shell forced to make fourth downgrade

The Toronto STAR - Oil giant Shell downgrades reserves again

Shell wipes 120m more barrels from reserves

Shell downgrades proven reserves again


I bet that with ALL the other big companies its the same thing. We "think" we have a lot of the stuff on the ground that it is simply not there :down:

-
 
Or, dropping the reserve levels helps keep the price up. :angry:

Don't be surprized if in a few months/years, companies such as Shell will find "new" reserves if they want to capture some investment financing <_<
 

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