DanMtz
Champion Author
Oakland
Posts:3,335
Points:1,239,425
Joined:Oct 2009
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Message Posted: Jan 20, 2013 7:56:38 AM
So, it's time for the producers to find more buyers.
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Night Owl
Champion Author
Toronto
Posts:7,535
Points:1,783,575
Joined:Jul 2004
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Message Posted: Jan 20, 2013 12:05:55 AM
Let's see oil & gas prices fall -- greedy speculators have got to go. CFTC, do your job.
[Edited by: Night Owl at 1/20/2013 12:06:51 AM EST]
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schatzila
Champion Author
Los Angeles
Posts:4,929
Points:1,012,620
Joined:Jun 2010
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Message Posted: Jan 19, 2013 9:47:06 PM
Does it mean a price decrease?
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investmentdr
Champion Author
Cleveland
Posts:4,008
Points:1,451,050
Joined:Sep 2008
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Message Posted: Jan 19, 2013 9:29:12 PM
when the industry's solution is to drill it and just burn/waste it it's pretty shortsighted
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investmentdr
Champion Author
Cleveland
Posts:4,008
Points:1,451,050
Joined:Sep 2008
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Message Posted: Jan 19, 2013 9:28:00 PM
if the drillers keep flaring nat gas, the gap will close
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TripleHs
Champion Author
Austin
Posts:3,355
Points:915,140
Joined:Oct 2009
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Message Posted: Jan 19, 2013 4:53:45 PM
natural gas prices will catch up, sooner or later
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RBob
Champion Author
Portland
Posts:3,357
Points:2,344,010
Joined:May 2004
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Message Posted: Jan 19, 2013 12:12:57 PM
This resource needs to be managed for the long term not just for the benefit of the oil barons and their stockpiles of gold.
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Discovery02
Champion Author
Colorado Springs
Posts:2,520
Points:306,665
Joined:May 2012
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Message Posted: Jan 19, 2013 11:11:54 AM
And yet they are still making money off of us.
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highdesertman
Champion Author
Albuquerque
Posts:2,464
Points:1,714,380
Joined:Mar 2005
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Message Posted: Jan 19, 2013 10:40:49 AM
See the article down below titled "A Mysterious Patch Of Light Shows Up In The North Dakota Dark" which talks about the amount of natural gas being flared off as a waste by-product in the Bakken oil fields because it is not economical to capture and sell. From the consumer's standpoint it's nice to see low NG prices, but from the standpoint of our long-term energy needs and environmental protection, a higher price would be beneficial.
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BBopp
Champion Author
Dayton
Posts:6,824
Points:1,935,430
Joined:Dec 2006
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Message Posted: Jan 19, 2013 10:09:16 AM
They still are not losing money.
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BigTruc
All-Star Author
Memphis
Posts:947
Points:777,615
Joined:Jul 2004
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Message Posted: Jan 19, 2013 9:32:10 AM
No need to worry if those gas companies will be profitable.
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turboz2012
All-Star Author
Charleston
Posts:662
Points:370,595
Joined:Feb 2012
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Message Posted: Jan 19, 2013 9:16:58 AM
those poor companies are going to go broke, maybe they will need a bailout
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dave27johnson
Champion Author
Chicago
Posts:1,784
Points:404,915
Joined:Feb 2012
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Message Posted: Jan 19, 2013 8:31:32 AM
In other words, reserves are mostly financial numbers rather than resources in the ground.
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Joeski1
Champion Author
New Jersey
Posts:9,978
Points:1,738,910
Joined:Dec 2004
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Message Posted: Jan 19, 2013 7:54:45 AM
yup!
now low unnatural methane gas prices are bad for industry and revenue....
so... what does that mean???
we should feel sorry they only made a trillion bucks last year in under-taxed profits....
and chip in an extra 40 cents a therm....
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335d1
Champion Author
Virginia
Posts:2,361
Points:755,045
Joined:Feb 2011
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Message Posted: Jan 19, 2013 7:34:19 AM
Good for the consumer.
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hokieburgh
Champion Author
Virginia
Posts:1,092
Points:460,400
Joined:Feb 2007
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Message Posted: Jan 19, 2013 7:03:00 AM
nice for this seasonal heating reality
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molebaby96
Champion Author
Tallahassee
Posts:2,120
Points:502,820
Joined:Nov 2011
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Message Posted: Jan 19, 2013 5:52:11 AM
The price don't sound low.
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humblepie
Champion Author
Toledo
Posts:34,082
Points:2,368,445
Joined:Mar 2006
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Message Posted: Jan 19, 2013 5:49:52 AM
t its great for home heating
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danindenver
Champion Author
Denver
Posts:5,472
Points:1,234,745
Joined:May 2005
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Message Posted: Jan 19, 2013 4:34:17 AM
"N.G. is the most UNSAFE fuel we have !!!!"
Amplion, have you been listening to NPR again?
I heard that show, over the weekend.
I just don't know where to begin to debunk their scaaaary scare tactics.
It's like some kind of goofy religion.
The people who are telling you this garbage are not your friends.
They don't have the best interests of human beings at heart.
No matter how sincere and distraught they sound, they are still crazy.
What is terrible to these people is that it really might make the USA energy independent and that scares liberals who only want to destroy.
And I'll leave it at that: they only want to destroy.
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djgunrunner
Champion Author
Salt Lake City
Posts:10,082
Points:2,345,680
Joined:Apr 2005
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Message Posted: Jan 19, 2013 3:05:37 AM
obama could help them by supporting the use of Natural Gas in vehicles in America and he would be also be helping the American public in several different ways. Fuel cost, pollution and balance of payments. What kind of a deal is obama getting to not support the Natural Gas and from whom?
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pricewar
Champion Author
Ogden
Posts:1,930
Points:271,540
Joined:Jul 2012
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Message Posted: Jan 19, 2013 3:00:45 AM
$4 mark a healthy return sounds like greed
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Amplion
Champion Author
Oregon
Posts:6,748
Points:1,861,325
Joined:Sep 2005
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Message Posted: Jan 19, 2013 2:16:04 AM
N.G. is the most UNSAFE fuel we have !!!!
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iFueler
Champion Author
Durham
Posts:64,308
Points:174,750
Joined:Nov 2012
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Message Posted: Jan 19, 2013 2:14:21 AM
sapping VALUATIONS sounds like someone wants to make MORE money.........................
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flatrock14
Champion Author
Michigan
Posts:2,630
Points:772,880
Joined:Oct 2010
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Message Posted: Jan 19, 2013 2:11:20 AM
lower lower
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