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The Water Cooler
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OGE price drop
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<blockquote data-quote="JMD" data-source="post: 4143170" data-attributes="member: 47292"><p>The local news talking heads reported a week or so ago that OGE was slashing monthly bills. Supposedly it was due to the price of natural gas dropping. I remember they reported large profits during the natural gas 'shortage' a year ago. I just looked through my chase bank account bill-pay history and realized that the cost of natural gas, reflected in my bill-pay payments, dropped back in May of this year. I use averaged billing for both gas and electric. If OGE was cutting the cost of electric service now because of natural gas prices shouldn't they have dropped the price back in May or June?</p><p></p><p>My averaged gas bill is normally about 60. At its highest it was 170! WTF! My electric bill is normally about 200, averaged. I use alot of electric, wife likes the house cold..and we got a pool pump that runs 12 hours a day during pool season. During the natural gas 'shortage' my electric is about 260, I just got my electric bill and it's 200. It's back to normal now.</p><p></p><p>This whole shortage thing seems like a scam to my dumb brain. Maybe I just dont understand commodity speculation.</p></blockquote><p></p>
[QUOTE="JMD, post: 4143170, member: 47292"] The local news talking heads reported a week or so ago that OGE was slashing monthly bills. Supposedly it was due to the price of natural gas dropping. I remember they reported large profits during the natural gas 'shortage' a year ago. I just looked through my chase bank account bill-pay history and realized that the cost of natural gas, reflected in my bill-pay payments, dropped back in May of this year. I use averaged billing for both gas and electric. If OGE was cutting the cost of electric service now because of natural gas prices shouldn't they have dropped the price back in May or June? My averaged gas bill is normally about 60. At its highest it was 170! WTF! My electric bill is normally about 200, averaged. I use alot of electric, wife likes the house cold..and we got a pool pump that runs 12 hours a day during pool season. During the natural gas 'shortage' my electric is about 260, I just got my electric bill and it's 200. It's back to normal now. This whole shortage thing seems like a scam to my dumb brain. Maybe I just dont understand commodity speculation. [/QUOTE]
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