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China Gas Information
Beijing time March 31,, the "New York times" published entitled "why cheap natural gas prices are not cheap commentary, now the main contents in the text are as follows:
Since the beginning of the year since, "gas" the price rise rapidly, and the other a "gas" the price fell to the lowest level in 10 years.
These two statements are correct, the first "gas" refers to the gas, and the second "gas" refers to the natural gas.
Related data statistics, in the past twenty years, natural gas and crude oil futures transaction between the price gap, never like this big gap. To the energy equivalent to calculate words, oil than natural gas out of your eight times.
This week, every 1 million B.T.U (British thermal units) of natural gas prices fell to $2.2 lower part, and for the first time since 2002, oil prices have also appeared a modest fall but still in the high above $100 a barrel. According to records, the next natural gas prices at "$2.2" low when, oil prices for 20 $a barrel.
Such a large gap between the two prices reflect the fact that: although in some USES oil and gas can instead of each other, but the two products market is completely different.
In comparison, the oil market is a efficient of the international market, will make the response of the synchronization of demand, and the reactions can be quickly from a country's oil market to change to another country crude oil market, and eventually cause a chain reaction of global oil markets. In other words, and one area demand or supply happen suddenly change, oil prices will give corresponding ups and downs.
Of course, the influence factors of the oil price rise and fall, not only in demand or supply, geopolitical concerns and major events, also can cause oil prices fluctuate. For example, in recent days, led to the rise of important factors is the market for "Israel or will attack Iran" about the fear to heat up. Have pointed out, the once a military attack against Israel for Iran, then Iran's oil exports will inevitably will be greatly reduce.
See the natural gas market. Obviously, the natural gas market and is not a global qualitative market. As is known to all, the liquid gas trading is very limited, far less than the convenience of oil. A few days ago, Europe's largest oil company shell chief executive Peter walter psaltery think, as the domestic will likely consume most of the gas, so the United States will in future can only a limited number of liquefied natural gas exports.
However, the United States government are now working to use more gas. At the moment, the bus had already use natural gas in the United States. However, limitations is that, because the market is limited, the bus had to return to the headquarters of natural gas filling. In fact, recent wave of oil prices shoot up make natural gas will be favorred again, and the U.S. natural gas reserves is rich, ChaoYe are happy with domestic natural gas to replace oil. Not long ago, Chrysler group announced it will research a natural gas power truck. However, this car is still need a small amount of gasoline to launch, but once after launch will completely runs on natural gas, if natural gas exhausted, the engine will turn to run on gasoline.
Futures traders think, though natural gas are widely used, its price and oil prices will be narrowed the gap between but still would be great. Experts predict, a year later, oil prices may still in high now, and the price of natural gas will go up at least 50%. Even if such predictions come true, according to the energy equivalent to calculate words, oil is still too expensive gas more than five times.