Energy Forecast for 2013-2014

November 13, 2012

A graph showing the price of oil and natural gas. Photo courtesy of Forbes.com.

According to a recent Forbes article, our energy usage will be surprisingly diverse in the next two years.

"Oil and its liquid derivatives will remain fairly highly priced, but natural gas will continue to cheapen, increasing the spread between the two fuels to unprecedented levels."

Natural gas has largely been driven by new technology, so production and supply has increased tremendously, much faster than demand. Energy consumers are switching to the cleaner fuel rapidly, including electric plants and truckers.

"In the near future, 2013 and 2014, the divergence in prices between oil and natural gas will continue," wrote Forbes contributor Bill Conerly. "Natural gas will continue to be cheap in the North American market. Operating costs are tiny in most cases, so natural gas will continue to move to market."

Many businesses are seeing the benefits of natural gas, and are converting quickly. The infrastructure to support natural gas is being developed rapidly, and companies need to start thinking of the change now.

Source: Forbes

Leave a Reply

What Our Clients are Saying

  • “Since the installation we cannot say enough great things about [the] company. Not only were installers professional and efficient, but there was no interference with our day to day production during installation. We immediately have noticed a savings in our energy bills.”
    -Justin Kelly, Tompkins Industries Inc.
    Learn More
  • “Worldwide Energy was very professional through the whole process. They handled everything from start to finish. I would highly recommend Worldwide Energy to anyone looking to improve their lighting and control utility costs. They take care of everything, it’s easy.”
    -Shawn Wakeman, Frank Ancona Honda
    Learn More
  • “Our project was completed in a timely manner with excellent results. All changes requested were completed and the crew was willing to do whatever it took to make us happy.”
    -Bill Keefer, Westlake Ace Hardware
    Learn More
  • “After considering several companies, we selected Worldwide Energy to do our lighting retrofit, primarily because their proposal was total turnkey and provided the most complete level of service.”
    -Mike Gonnerman, ROM Corporation
    Learn More
Ⓒ 2022 Worldwide Energy

Stay up to date with us

apartmentuserscrossmenucheckmark-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram