Posted by LAA on August 08, 2012 at 09:29:32 from (65.0.53.129):
In Reply to: Re: propane posted by jackinok on August 08, 2012 at 08:54:21:
You are incorrect, roughly 50% of US supply of propane comes from domestically produced natural gas, propane is also refined as a by product of crude oil but most of that production is imported. The reason for the cheap price is USA produced natural gas, period. The best thing the US could do is become energy independent, that would automatically lower the world market price and refiners would buy from the cheapest source, who taught you economic theory where more supply equals higher price?????? Look to the trade deficit if you need more proof.
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