Replies to This Discussion

Permalink Reply by essay on October 1, 2012 at 3:24

i'm a little thrown by the persistent upward pressure we've been seeing too, despite sentiment getting ever more bearish the higher it goes

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Permalink Reply by Krkyoldhag on October 14, 2012 at 4:41

Natural gas was $3.61 Friday ...still climbing. 

$5 by end of year?  I still think so..or so close I wouldn't split hairs about it.

off topic but I wonder...San Saba offered $48,000 for mineral rights in Johnson country 3 months ago.  Yesterday an offer of $108,000 came in mail.  No mineral rights for sale..but I wonder..do these offers have anything to do with reality?  As in whether there will be more drilling there or if indication that NG prices will rise?

And who is San Saba?  The current leases are with Cheasapeak.

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Permalink Reply by Krkyoldhag on October 1, 2012 at 3:57

The price has risen 15% over past week.  I predicted that natural gas price would reach $5 at end of year.  Of course none of the experts agree with me.

But think it over...if it only rose by the same amount (42 cents) as it did the past week every 4 weeks it would reach $5 at end of year.

Why?  Its well worth that price...

Below $3 it does not pay to produce the product.  It is the same with any product.  If nobody is buying a baker's bread he stops baking the bread.

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Permalink Reply by JHH on October 1, 2012 at 4:03

Wanna be the next Energy Secretary?  I think you are "a lot more smarter".

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Permalink Reply by Krkyoldhag on October 20, 2012 at 2:55

SHucks I don't want to be anybody's secretary.  I wanna be the boss.  I don't have any use for glass ceilings.

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Permalink Reply by cocodrie man on October 22, 2012 at 0:09

The price atop the opening page of GHS was $3.94 at 6.08 a.m. this Monday.  I cannot find that price shown at any spot on the Internet.

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Permalink Reply by adubu on October 22, 2012 at 0:27

cocodrie man---check Nymex prices-- the $3.94 is Dec 2012 future prices and the spot month Nov. 2012  $3.62          http://www.cmegroup.com/trading/energy/natural-gas/natural-gas.html

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Permalink Reply by wp on October 1, 2012 at 8:45

its all about the weather....check out the noaa 6-10 forecast and all see is dark blue (cold)

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Permalink Reply by MARG on October 1, 2012 at 9:41

  Price is up-----Election is near ---guess some people have short term memory & will be excited, LOL  Winter is forthcoming, etc.  Hate for people to suffer so guess I will not pray for a killer winter.  Many things could improve for a while; thereafter, will they collapse???  We may have a little cheer, After all, election is  near!!!!

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Permalink Reply by Krkyoldhag on October 1, 2012 at 9:53

The ones I wonder about is the North East Coast people.  They have coal furnaces..Coal products a hot heat, warming their houses at much lower cost then other fuels.  Even the huge steam producing machines that heat the high rises are many coal fueled.

If coal is really taken off market these people will never be as warm and face expensive refitting for a heat system.

Here we have fairly affordable natural gas and propane and electric heat and cooking systems.  No matter how cold it gets here, we are looking at just a handful of freezing days compared to what they face.

Election is near is right. 

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Permalink Reply by Krkyoldhag on October 19, 2012 at 1:56

11/19  price $3.62  up over $1 in last couple weeks...Just $1.38 to go by end of year to meet my projection/wish? of $5  by end of year.

I think the key to whether this going to happen is how the polls go on the last debate Monday.  If it goes up and holds Monday morning...and there's good chance it will..then its on it way.

If govt invested just once the amount they put into Solyndra into development of natural gas auto we could be driving them off the production line by mid year.

Like my old dad used to tell me.."its all political" and "follow the money".

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Permalink Reply by adubu on October 19, 2012 at 9:50

It's all seasonal--- We are around same price that occurred during  Oct 2011 which avg price for Oct 2011 at Henry Hub $3.57

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