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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Hannoverian who wrote (177528)	3/29/2013 12:04:10 PM
From: Bearcatbob	2 Recommendations Read Replies (1) of 206154

Excellent stuff gentlemen. I have tried to explain that to some several times. The wacko greens are desperate to see the rise in the price of NG as a sign that we do NOT have a huge supply of cheap gas going forward. Let us say the price to open the throttle on drilling is $6. That would be the equivalent of $36 oil. Even this price would be a huge advantage for the US versus at least Asia. www.ferc.gov/market-oversight/mkt-gas/overview/ngas-ovr-lng-wld-pr-est.pdf In Don Coxe's weekly call he made a big point as to the benefits the US has from our abundance of NG. Not only does it give our manufacturers and huge advantage vs foreign competition - the production of the gas offers large numbers of well paying jobs. Ergo - shale gas for the US is a double positive. I think my local friend in the biz would be delirious with joy for $6 gas and the drills would be turning - not only for shale gas - but conventional gas. Bob

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