May even go green today.
You Math may be fine, but you also need to explain history, not just tell it. Nat Gas took a dive to the $2 level because as demand dropped, supply increased. Why was that? Well, pardon the pun, the shale boom was beginning and everyone had made leases with landowners. These leases had clauses that required them to drill or lose their leases. They are way beyond that now and many have let Nat Gas leases go in favor of chasing oil. IMO, 2014, may have seen peak gas at these prices. E&P players will just keep it in the ground until exports begin.
The cycles of Nat Gas.
It appears my fears may have been overblown. According to EIA, is more of a Bakken problem.
Bakken shale region, over 35% of North Dakota's natural gas production so far in 2011 has been flared or otherwise not marketed. (It is generally better to flare natural gas than to vent it into the atmosphere because natural gas—methane—is a much more powerful greenhouse gas than carbon dioxide.) The percentage of flared gas in North Dakota is considerably higher than the national average; in 2009, less than 1% of natural gas produced in the United States was vented or flared.
IMO, catching flared gas will not be a big price determinant. IMO, oil drilling will continue to push out Nat Gas drilling. The market has firming stated we don't need more Nat Gas, we are not going to pay for more Nat Gas. Only time before the drillers get the message.
It is true the supplies are bountiful. They were bountiful this last winter and Nat Gas went up to $6. So, what is your point?
If Mexico invaded America, would we expect France to come and save us? This is a European problem and I think Europe should solve it. Tired of us being the World's police.
All part of what makes a market. No one seems to complain when they manipulate small float stocks like Tesla to $256 when they only sell 55,000 cars.
Ironically, The coal plants in the eastern US are importing coal as they have trouble getting trains to carry it eastward. Seems all the trains are booked carrying oil!
GE thousands will probably sell thousands of these.
Statoil last year announced a joint partnership with General Electric (GE) and Ferus Natural Gas Fuels, a Canadian natural gas logistics company. The companies have been piloting GE's "CNG in a Box" technology at a Statoil rig just east Watford City, North Dakota. The unit compresses natural gas and stores it for the final distance of the fuel process. This option is referred to as the "Last Mile" fueling solution.
The unit doesn't look like much-a brown box about the size of a small shed, with pipes running out of it. But the unit holds enough CNG to help power operations for a Statoil rig drilling 11 new wells. By this time next year, Statoil hopes all six of its rigs are partially running on natural gas captured from its wells.
Anyone know if CHK is using this technology?
They could block oil and USA could ease ban on crude exports. IMO, the World could pick up slack of reduced Russian exports.
Putin, has definitely taken things to the next level. Those trucks carrying three bags of grain and 600 AK47's.