SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ronald J. Clark who wrote (82193)12/20/2000 2:27:43 PM
From: energyplay  Read Replies (2) of 95453
 
Even with shut downs of industry, still -158 Bcf

I don't think there's much more industry to shut down to reduce consumption of NG. It's also getting much colder.

We may need to see shutdown of shopping, schools and offices
to conserve enough NG to make it to March. Any idea where the price would need to go to make that happen ?

FOr California it's way over $10.00 mmbtu.

Tommaso - I don't think NG supply can grow more than about 4% next year. I'm basing that on assuming all the gas drillers match the performance of EOG, a well run company which grew supply about 4 % last year.
Depletion still a factor, rig count will take six months to grow significantly as the easy to fix rigs are all on line now. Also shortages of people, equipment etc, all over the patch.

The economy will have to adapt to the energy supply, not the other way around, for the next year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News