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  • norrishappy norrishappy Nov 24, 2012 11:25 AM Flag

    The effect of (just) a 60% decline rate

    OIl is not a market price but one set by a cartel.

    Looks like the 10,000 year supply of hydrates can be developed at about $7mfc or $40 oil. In a free market the marginal cost of production determines price of a commodity. Scarcity for natural gas is a political illusion of the flat earth pagan Progressive faith. Hydrates offer thousands of year supply around the world.

    Counter productive efficiency laws like millage standards lower the cost per mile and resulted in ever more miles driven until Obama crashed our living standards.

    Natural gas is a source competition. Between our vast oil and natural gas reserves we could put OPEC out of control in 10 years.

    But we elected President the man who does not want this result for America and Americans.

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