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DCP Midstream Partners LP Message Board

  • jrussell823 jrussell823 Mar 15, 2011 10:21 AM Flag

    After the knee-jerk reaction

    It would seem that LNG and NG use would be more attractive if the anti-nuke people are sucessful at surpressing future Nuke development. I was surprised to see a drop in midstream MLP's today. Is this a good buying opportunity?

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    • The NG target these days is coal, not nuclear. Thanks to Three Mile Island there hasn't been a new nuclear power plant commercialized in the USA in 30 years. We also gave up an entire industry in which we were the world's leader. Today,France generates 80% of its' electricity from nuclear and the USA 20%. 45% or so of our electricity comes from coal..along with acid rain,sludge ponds,black lung,cancer clusters,enviormental destruction etc. So, depending on environmental regulations and how tough they are enforced the alternatives are "clean,cheap" coal or natural gas. Natural gas is winning these days in electrical generation. But for DCP it's the price of natural gas liquids like propane that really counts. And here the Chinese are helping a lot. China now has the world's largest car market and NO domestic oilfields to fuel them. They have to import most of their oil like we do. This drives up the cost of heating oil which supports higher propane prices which helps DCP's distributable cash flow. GM now makes more cars in China than it does in the USA..and this helps our DCP make a lot of money in its' propane business in New England. $150+barrel of oil is what we really should be cheering for!

 
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