Would Exxon or BP be better or worse than Chesapeake for our area?
Do you think that Exxon or BP would be better than Chesapeake?
In my opinion the advantage would be that they have more money to drill.
I'm sure there are plenty of disadvantages, what are they?
In my opinion the advantage would be that they have more money to drill.
I'm sure there are plenty of disadvantages, what are they?
Views: 133
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Permalink Reply by Les Bamburg on -
Graysands, several new LNG supply projects in Qatar, Russia, Indonesia, Australia & Yemen will be started up in the next two years. Much of this new supply was based on increasing demand in places like China, Korea, Europe, US, Mexico, etc. With the current global recession it is unclear if demand is sufficient to absorb all this new supply. Some of this LNG supply is sold under firm long term contracts so will not be impacted. The remainder was planned to be sold on a "spot" basis and will have to find a "dumping ground".
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