The latest report shows OPEC production down. As for NG, it is selling for way too little for this time of year. Seattle is having slightly above normal temperatures and not a significant super El Niño effect. So far El Niño has been a dud here. We could have skiing in the passes by thanksgiving. Last year, skiing was a total washout.
Only around 20 oil and gas companies have filed bankruptcy. None are big enough to even be widely known. Costs of operations are plummeting, cut backs, cash on hand, and credit ability give bankruptcy for CHK near nil chance. Oil and gas prices are artificially low and can change on a dime. Today's stock price is a strong buy without question.
You don't need to lie and cheat to make a good living. All it takes is more knowledge than others around you. I need to learn on a constant basis. Learning to do things faster but better. Fortunately or unfortunely, I have INTJ personality. If you don't know what that is, you should look it up.
Anyone with a brain can see it. Going to kick shorty's behind on the first big winter event. Whether they like it or not winter will happen and don't count upon any super El Niño to prevent it.
They are building pipeline to the Marcellus shale fields to new electric power plants. The article is about the high cost of the pipeline and plants vs the probable future rising cost of NG. Even though they state the break even price of NG vs coal would be $8.
"Go to Oklahoma City where the big fracking pioneers are, and you’ll find shut-down wells and companies struggling to find cash. Or, visit Northern West Virginia and Pennsylvania where just a few years ago, fracking turned middle-income rural dwellers into overnight millionaires. The checks have stopped coming.
With prices dropping, no one wants to invest in fracking wells, which are more expensive to operate than traditional ones. The slip side is that what goes down also tends to come up for any number of factors, especially sudden shortages on the world market."
One more bad man gone.
I call them financial terrorists. They would have totally gutted the financial system in the last recession if not for the government intervention.
It's Fall into Winter knife. Look outside tree leaves on the ground. Nasty outside here today near Seattle. Weather alert. Flooding and 45 mph wind gusts. Trees might come down on electric lines, roads, and even homes. If this keeps up, it's going to be one nasty winter.
Do you know where the price will go this winter, idiot! NG at this present storage was at $3.50 in November, 2012. Consumption wasn't near as much, at least 5% less in 2012.
You're a strange one sparky. Do you need pointers on lying?
Here's some excerpts from an article: Saudi Arabia risks destroying Opec and feeding the Isil monster
The rumblings of revolt against Saudi Arabia and the Opec Gulf states are growing louder as half a trillion dollars goes up in smoke, and each month that goes by fails to bring about the long-awaited killer blow against the US shale industry.
Algeria's former energy minister, Nordine Aït-Laoussine, says the time has come to consider suspending his country's Opec membership if the cartel is unwilling to defend oil prices and merely serves as the tool of a Saudi regime pursuing its own self-interest. "Why remain in an organisation that no longer serves any purpose?" he asked.
"Saudi Arabia is acting directly against the interests of half the cartel and is running Opec over a cliff. There could be a total blow-out in Vienna," said Helima Croft, a former oil analyst at the US Central Intelligence Agency and now at RBC Capital Markets.
The Saudis need Opec. It is the instrument through which they leverage their global power and influence, much as Germany attains world rank through the amplification effect of the EU.