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0 comments | Thursday, October 26, 2006

The Bradford Era reported Tuesday that natural gas prices are expected to be a bit lower this winter.

 

That’s good news after a painfully high surge one year ago in the aftermath of Hurricanes Katrina and Rita.

 

Last year saw a huge increase in the local natural resources business. Natural gas wells were drilled all over the place, and all os the gas companies ran high pressure lines everywhere, so that the newly drilled gas could be routed to where it needs to go.

 

The local oil refineries are pumping crude into it’s various forms as fast as it can.

 

And nationally, energy companies are making a killing.

 

I know it’s been blogged about before, but as I sit here and read that natural gas prices are coming down, I can’t help but to feel a twinge of happiness. “serves ‘em right” I cheer as I think that maybe their profit margin will be lower this year, to make up for the record numbers they made off the hurricane damage.

 

Now if the gasoline prices could go down to where they are in Ohio, and if the other energy companies would be content with their riches, than us poor folks could afford to get by.

 

I know, I sound like a hippie communist. (which I am NOT) I just get frustrated that our economic system is working the way it is…. The rich get richer…

 

Ah well. Prices are going down. “serves ‘em right”

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