Replies to This Discussion

Permalink Reply by True Texan on April 15, 2012 at 11:29

Record low and we still are not using it in our cars! !  This is crazy!    Today $1.98 per 1,000 cf.

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Permalink Reply by Clyde T. Williams on April 15, 2012 at 12:13

Be down in Bay City mid next month...it would be faster/cheaper to get the LNG terminal re-piped/plumbed than getting 5Million cars repiped and CNG filling stations around. The LA Metro buses are all NOW CNG - some couriers are CNG and garbage and other fleet trucks can be done

 

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Permalink Reply by Sandbar on June 14, 2012 at 12:20

        Nice little jump in NG price today! How come?

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Permalink Reply by adubu on June 14, 2012 at 13:50

Sandbar---

MarketPulse 10:38AM Natural gas extends gains after EIA supply data                            SAN FRANCISCO (MarketWatch) -- Natural-gas futures extended gains Thursday after the Energy Information Administration reported that inventories of the commodity rose less than expected, by 67 billion cubic feet for the week ended June 8. Analysts polled by Platts expected the report to show a climb of between 71 billion cubic feet and 75 billion. Total stocks now stand at 2.944 trillion cubic feet, up 708 billion cubic feet from the year-ago level and 666 billion cubic feet above the five-year average, the government said. July natural gas     (ngn12)   was up 13 cents, or 6%, at $2.32 per million British thermal units. It was trading around $2.21 shortly before the data. Rally continued thru close now up to $2.54---- up 16% for day :)

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Permalink Reply by Bobi Carr ("parker") on June 28, 2012 at 3:59

Looks like maybe we've seen the bottom.  Fingers crossed, hoping we've seen the bottom.

......now how long before we get to $4.00?

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Permalink Reply by MB on June 28, 2012 at 4:03

Parker, i hope you're right.  ...Whatever time it takes to get to $4, it's already tooo long.

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Permalink Reply by Clyde T. Williams on June 28, 2012 at 7:34

Hey last night it was $2.77 WOW what a climb 20% up WOW!!

How many wells have been shut-in/throttled down?

Forget $4, lets try $3-3.20 IF others can get the LNG terminals OPERATING, all commercial/instituional trucks and buses of 2-3axle on CNG, and lots of petrochem plants going...3-5years - my bet is 2015/Jan1 it will break $3.01

I wish I had the guts to buy futures......

Tom

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Permalink Reply by adubu on June 28, 2012 at 7:37

Parker-- may best guess 1st Qt 2014 before $4 Handle.It will be mid $3 for most of 2013.  Hope I am wrong and be sooner.

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Permalink Reply by Clyde T. Williams on June 28, 2012 at 7:51

The E&Ps have stopped alot of drilling and oil is coming back up - needs to break$90 and if that occurs then rigs will go back to oil big time....gas seems to be the dog...and more gas sourcing in NE seems to work against LA/TX Hubs getting over $3

If it goes to $3.25 for 2013 we will see alot of drillers coming back to gas rather than oil and maybe here in Calif. we can get some gas plays going...now no one wants to touch gas unless it can be paid for with the oil ...$85 bbl??

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Permalink Reply by adubu on June 28, 2012 at 8:15

Clyde--- Should see low $70s on oil before bottom then very volatile   between low 70s to around $90 top end-- then  back and forth for the year in 70-90 range

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Permalink Reply by Clyde T. Williams on June 28, 2012 at 8:46

It has been and will be a wild ride 2012-2015 - God's gift to the day  traders

AND what happens in LA/TX when the Canadian Pipeline(s, = Keystone or its equivalent) goes thru then we can join OPEC and GPEC... Between us and the russians we can form a new producers association - sorry have to add the Chinese -ChAmRsOilGasExpProdAssoc. = CA'RO'GE'PA or CARPE vs OPEC

Sorry, We got to take this seriously - Supply and Demand - unless we can use of alot of what is coming in the US in 2013-14 I hope we can keep the $70 and $3 but we can't build that many ethylene or dry plastic feed for others, can't convert fleets to CNG, and can export that much LNG - we are sitting on two piles that are growing and we and world's economies aren't...

Remember that the drillers and producers are also fracking their ways to India and China and if we can keep them from producing in Russia, China, and India (and maybe also Australia and Africa...then we have the same situation as between NE-US and LA/TX, we can't consume enough in SC-US and NE is now and will be producing alot 2012-13 - in the adjacent file it say "EXXON: "Losing our shirts" on natural gas.......SOrry for seeming so negative TOM or CLyde 

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