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  • norrishappy norrishappy Oct 27, 2012 11:45 AM Flag

    Re: Gasland Dude RLP.

    Using past data on an investment board when we all know the market only values future cash flow?

    What was the production January 2012 compared to the most recent month?

    You prattle on an on about fracturing decline rates. We both know you did not understand the decline in Baker natural gas drilling.

    What is remarkable is that despite a 50% increase in the spot price of natural gas there was no noticeable increase in supply. The injection rates are a little higher but still on the normal curve now. Even as the chemical companies reported scary slowing in their businesses.

    You show the uncaring and deceptive nature of a collectivist and you share it with Obama.

    Day in and day out trying to trick fellow Americans. What a nasty piece of work you are.

    Past data rather than a future forecast on an investment board? Your political desperation is showing and it is a good sign for Americans! Thank you.

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    • Really REALLY grasping at straws now, and as usual, changing the subject from one of current demand to one of potential demand..And asking the ridiculous question of demand during the middle of winter to the mildest month of the year. Geez how simple-minded can you get? OK, we can down that road too. And, since you couldn't/wouldn't answer my question, I'll even give you a clue in my posting. You will be "surprised" (your words) at the results:

      From the EIA report October 10, 2012:

      EIA expects that natural gas consumption will average 69.8 billion cubic feet per day (Bcf/d) in 2012, an increase of 3.1 Bcf/d (4.7 percent) from 2011. Large gains in electric power use in 2012 more than offset declines in residential and commercial use. Projected consumption of natural gas in the electric power sector averages 25.4 Bcf/d in 2012, 22 percent higher than in 2011, primarily driven by the improved relative cost advantages of natural gas over coal for power generation in some regions.

      Projected total natural gas consumption decreases by 0.2 Bcf/d (0.2 percent) in 2013. Expected declines in the electric power sector offset increases in residential, commercial, and industrial consumption. A forecast of near-normal weather during the upcoming winter (i.e., colder than last year's abnormally warm winter) drives 2013 increases in residential and commercial consumption of 11.5 percent and 10.3 percent, respectively. Although projected higher natural gas prices contribute to a 10.4-percent decline in forecast natural gas consumption in the electric power sector in 2013, consumption in the power sector next year is still expected to be about 1.9 Bcf/d higher than 2011 levels and high by historical standards.