Big Dog's Boom Boom Room Message Board

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

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To: Hannoverian who wrote (177561)	3/31/2013 4:17:57 PM
From: MIRU	1 Recommendation Read Replies (1) of 206150

the Oil$:NG$ ratio (It has always been a fiction) Since there is little oil/gas substitution in North America I think the chart of the ratio won't "regress to the mean" but will continue a self-reinforcing exponential increase, at least until the price of oil collapses. There are too many shale oil opportunities competing for investment. Even if shale gas becomes profitable, shale oil will be way more profitable and a higher gas price won't attract investment. At what price for gas do profits equal the profit from drilling $80 shale oil?

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