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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (156924)9/13/2011 10:40:43 AM
From: t4texas1 Recommendation   of 206093
 
based on aubrey mcclendon's comments on several conf calls and presentations in the past six months, it sounds that ng prices will remain low until current drilled-well inventory of ng is somewhat consumed or steady-state. his logic is once the big oil shale plays are running with proper pipelines and infrastructure to get the oil out of the oil shale regions more easily to markets, there is not such an incentive to drill and frac more ng wells when drilling and fracing a well for oil brings in much more revenue and profit. so the idea is ng may remain low for a while, but then ng prices will jump in a step rather than sort of linearly. other than a massive program to convert usa car/truck vehicles to ng, i would suggest that the step function in price for ng could come when the usa starts exporting ng to the world markets where ng prices are much higher. that seems to be something like 2014.
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