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It was quite a week for natural gas in Oklahoma

by The Oklahoman Editorial Board Published: May 6, 2012

Storage levels for gas are increasing at a slower rate. In February, a record amount of electricity was made with gas, The Wall Street Journal reported. Lower prices have motivated some homeowners to switch from propane or other heating sources to natural gas.

These are short-term trends. Longer term, the 13-state initiative should help by converting state fleets to CNG. The new fueling stations (in which Chesapeake is a partner with Love's) will help unscramble a chicken-or-the-egg dilemma about CNG: Either demand for CNG will first lead to more fueling stations or more fueling stations will first incentivize the purchase of CNG vehicles.

Incentives are already in place — state tax credits for buying CNG vehicles and a pump price of less than $1.70 per gallon of gasoline equivalent. More are welcome. Most welcome of all would be higher yet relatively stable prices for gas.

In a state that remains the nation's fourth-largest natural gas producer, every citizen has a stake in the well-being of the gas industry and should be offering up the gas claps for any positive trends.

by The Oklahoman Editorial Board
The Oklahoman Editorial Board consists of Gary Pierson, President and CEO of The Oklahoma Publishing Company; Christopher P. Reen, president and publisher of The Oklahoman; Kelly Dyer Fry, editor and vice president of news; Christy Gaylord...
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