landowner

Boone Pickens/CNBC

Just watched Mr. Pickens on CNBC.  Maybe someone can post it.  He said a lot of good things but never answered the question why our "leaders" have NOT come up with an energy policy.  Everyone says something needs to be done.  Everyone says it takes years to accomplish.  Well, we've wasted a lot of time talking.  I think the answer is:  The "political wheels" haven't been greased enough.  The secret deals among politicians haven't been worked out to their liking.  But he'll never say that publicly... and he should.

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Permalink Reply by Wilma Watts on March 1, 2011 at 1:43
The crude oil, natural gas, and coal sectors remain in bullish mode - and Warren Buffett's comments on why higher oil and gas price might mean are atttractive sectors for investors:

http://www.lsgifund.com/index_files/Page960.htm

Expect energy prices to remain elevated, and nat gas prices to move toward oil on an energy content basis over time

landownerPermalink Reply by P.G. on March 1, 2011 at 3:18

From that website:

A big reason for the utilities' antipathy toward gas is that prices have historically been volatile, especially when a lot of supply came from the hurricane-prone Gulf of Mexico. Now, with supply shifting toward onshore shale fields, gas prices look flat for as far as the eye can see: Gas futures don't get above $6 per million Btu until December 2015. Alongside the fitful trend toward a lower-carbon future, those flat prices should persuade more generators to abandon coal en masse. Paradoxically, gas's very weakness should underpin its eventual resurgence.

 

I think it's going to take more than just electric power generation to set some serious fire to NG prices..

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