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Permalink Reply by Krkyoldhag on November 17, 2011 at 2:48

This is all good to hear..but natural gas has dropped from $4.57 in July  to  $3.39 today. while oil has gone from a low of $78 to $102.

Why is this happening? 

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Permalink Reply by The_Baron on November 17, 2011 at 3:49

have you looked at the storage numbers?

 

Pretty obvious to me why Nat gas is so cheap.

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Permalink Reply by Headly on November 17, 2011 at 5:14

And thus the small royalty checks take the fun out of all this great news. 

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Permalink Reply by The_Baron on November 17, 2011 at 5:34

its offical, record amount of gas in storage.

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Permalink Reply by Krkyoldhag on November 17, 2011 at 5:39

Oh  no I didn't understand the storage figures..so what has to happen to get that supply out into the markets?

I would buy a natural gas vehicle today if something available.

I guess I should convert my house from electric to natural gas..

Will keep reading the stuff on this site and try to absorb it all.

In the meantime a BP check that had been $7000 last summer was $700 this month...ouch.

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Permalink Reply by The_Baron on November 17, 2011 at 5:53

1) You can buy a Honda CNG car now. Team Honda in Baton Rouge will sell you one.

2) nat gas at home is the way to go for me, I just wish I had a gas range.

3) keep learning 

4) the price hasn't fallen much, you are just a victim of depletion/ decline

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Permalink Reply by DrWAVeSport Cd1 on November 17, 2011 at 6:38

HANG,

Per Mr. Chesapeake telling Cramer that he agrees with Cramer, and hopes we don't "export" our nat gas...

Aubrey McClendon will be the first Nat Gas Exec in line for the "export" of American nat gas.  Look at the prices outside the U.S.  Look at our glut.  Look at CHK's deal with China's CNOOC Limited. 

Remember, who we are dealing with here?  The Man Who Would Be King?  

Come on Cramer...  Mr. Chesapeake will "say" anything to get some free friendly PR on Cramer's Mad Money.  People still don't "buy" McClendon as the National "spokesperson" for a Nat Gas Movement.  He wears Two Faces, and the dominant Face is "Greed."  In My Most Humble of Opinions...

 

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