Alva Review-Courier -

Gas prices


September 7, 2018

Gas prices have escalated to $2.84.9 in Alva, a $.60 increase this year. My dad said gas prices always increase at Labor Day and during wheat harvest.

We know that crude oil prices have risen from $45 to $70 during this same period. The days of $100 per barrel may be only a fond memory but the healthy global economy combined with shortages of crude stock in some markets have given oil analysts hope for a rebound in exploration and exploitation of existing deposits.

I have received a copy of a request before the Corporation Commission of the State of Oklahoma to drill an additional well “to effectuate the maximum recovery of hydrocarbons from an existing source of supply.” There are currently three vertical wells in the unit that have been producing for years and I have mixed feelings about the possible depletion of resources in which I share and hope to pass on to my future generations. You can’t have your cake and eat it too, but as corporate average fuel economy standards have been rolled back and vehicles continue to increase in power, weight and features, the demand for petroleum and the entire petrochemical industry will flourish.

Though compressed natural gas did not catch on for cars, it remains a long-term choice for power plants that will recharge electric vehicles. Wind turbines abound, solar panels are growing in popularity, but at the end of the day, oil and gas are the logical choice until seawater can be turned into electricity.


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