| Disagree. I see the same thing where I live. Natural gas heating is much cheaper than electric. And we have one of the lowest electric rates in the country. Gas heating was also cheaper when I lived in the Midwest. In fact, I often feel the opposite of you - that Big Electric is pushing propaganda. I often see people switching to heat pumps "because it's more efficient", but they don't see their bills go down, and on top of that it's a lot more expensive to install. Even if the bills go down a little, they'll probably not make up for the added cost of equipment in the whole time they are in that house. |
Consequently, as long as it's profitable to pump oil... more gas will be supplied to the market.
Which means that gas prices will generally be "low" (relative to energy content?) close to oil producers, as it's still profitable to "produce" gas even at low market prices (because you're mainly producing/selling more oil).