I’ve attached a link to a Forbes’ article published today predicting $8 (per mcf) natural gas pricing by the approaching winter. The author makes a convincing case and declining rig count, well production, and gas injection rate are a large part of his discussion. In my opinion, it’s a good discussion, but perhaps on the optimistic side (pricing) since we’re still producing a lot of natural gas and the economy remains weak.
Link: http://www.forbes.com/sites/richardfinger/2012/07/22/were-headed-to...
you right..my bad.
In the novel it was GS but they still around.
I hate to be nit picky but Clive must not be too good either at research or math, because $125 oil doesn't normally equate to $8 gasoline unless there were massive decoupling.
But back on topic extremely high oil and gasoline prices can be good for nat gas as an alternative as long as nat gas is cheap and abundant. If the slow down in nat gas drilling send the price to $8 this winter then the perception of of it being cheap may not be so clear as it is at $3.
Yeah if you include Europe's confiscatory fuel taxes with the market price, I guess so.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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