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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jim Willie CB who wrote (5483)1/19/2004 12:21:06 PM
From: mishedlo  Read Replies (2) of 110194
 
Exactly - I almost mentioned it.
But we still see relatively little of it.
I have been researching that but do not have any conclusions. It's almost as if you read my mind.
The problem with NG is getting it to the destination.
LNG solves that problem abeit at substantial costs.
For the US almost all of which already has pipes LNG does nothing. But what happens if China is willing to pay for it and lots of it and that drives up prices. I really have no answers. How much NG resources does China have? Is it a "resource" problem or a "delivery" problem?

The same holds true for tar shale as well. It is abundant but if was being developed in size, then the cost of oil will drop to the point that makes production of oil from shale or tar unprofitable. As a result, oil prices will keep increasing. OTOH what if we were to tax oil imports to bring oil well costs up to the price we can produce from shale. Voila, price stabalizes at a fair price above the cost to produce oil from coal or shale or tar. Will that be more expensive than oil from Opec? In the short term hell yes. In the long term you tell me. It would also give us plenty of reasons not to be pissing around in the ME where we have no business anyway.

Mish
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