Replies to This Discussion

Permalink Reply by North LA on December 28, 2008 at 11:37

You bring up some good points J.T. Thanks.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on December 28, 2008 at 11:37

Yes.

• ▶ Reply

Permalink Reply by sesport on December 28, 2008 at 16:09

Is that "Yes," to question #1 or #2?

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on December 28, 2008 at 16:13

#1

• ▶ Reply

Permalink Reply by Two Dogs, Pirate on December 28, 2008 at 11:49

Looks like Q-Max will be a big fat sitting duck hollering come get me. Of course they will wait till it pulls into port on the East coast before they hit because it wouldn't make as big a boom in Lake Charles.

• ▶ Reply

Permalink Reply by Les Bamburg on December 28, 2008 at 17:28

Two Dogs, oil tankers are a more likely target as LNG ships are very low risk.

• ▶ Reply

Permalink Reply by Two Dogs, Pirate on December 28, 2008 at 13:16

KB, do you smell something stinky in the article posted. Too much would have could have for me and besides there is a big disclamer at the beginning. Will Exxon/Mobil sell NG for less than two dollars when they can get 10 times that amount somewhere else? If I was a stockholder, I think I would be running for the door to sell all my Exxon stock if they would do that.

• ▶ Reply

Permalink Reply by Les Bamburg on December 28, 2008 at 17:37

Two Dogs, I agree. Just because Qatar can supply LNG to the US at $2.00 cost doesn't mean they will supply with prices that low. Logical floor for Henry Hub natural prices is closer to $6.00 per MMBtu.

International natural gas prices are closer to the $6.00 to $10.00 range.

• ▶ Reply

Permalink Reply by North LA on December 28, 2008 at 17:50

I thought the same thing Two Dogs. Why would XOM sell the gas to the U.S. unless they had an agenda and that's what I was trying to find out. The admin of XOM might think it's cheaper to try and drop the market and kill off competition this way rather than jump in to a shale play and compete. A nice PR campaign distracting us from what's really going on would be used to keep the masses clueless until it's too late. I'm not usually a paranoid person but I've been concerned that XOM hasn't joined other major players in any of the shale plays.

• ▶ Reply

Permalink Reply by Les Bamburg on December 28, 2008 at 17:31

KB, some LNG Import Terminals were originally built in the US in the late 70's. The later LNG Import Terminals were planned when US production was declining and demand was increasing so the need for additional natural gas supplies.

The only US LNG Export Terminal is in Kenai, Alaska and will likely be shutdown by 2015.

• ▶ Reply

Permalink Reply by Snake Stewart on December 28, 2008 at 13:15

I think you are spot on North LA !
I just hope that you arent very surprised by their actions.
EOM is and has always been about EOM. They flew out of here decades ago and have been entertaining some mighty slutty bedfellows ever sense.

They helped create the financial meltdown of our economy and they arent doing us any big favors now, after the fact.Yea, fuel prices are down but so is consumer confidence. Much lower then fuel prices for sure. In their great quest to be the global juggernaut, they have really only helped themselves at the expense of each and every one of us here in the states. They may be in first place here (certainly not global) but at what cost ? Looks like both #1's, in there perspective categories ( EOM/CHPK ) , sure dont care how they get there nor who they have to boink in the process.

• ▶ Reply

Permalink Reply by Les Bamburg on December 28, 2008 at 17:53

SS, sorry to disagree but XOM had zilch to do with the financial meltdown. They are not an investment bank or a mortgage company. XOM is just a well managed company that has been critical in keeping the US supplied with energy.

Not sure who you consider slutty bedfellows since Qatar is one of the most progressive Middle East countries.

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page