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

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CommanderCricket

To: isopatch who wrote (183439)	4/14/2014 5:32:03 PM
From: Salt'n'Peppa	1 Recommendation Read Replies (2) of 206184

"Annual spending on infrastructure dedicated to the gathering, storage and pipeline shipping of natgas in the United States will continue to rise, hitting a staggering $34.5 billion in the year 2022, ..." Or put another way, about equal to the 2013 annual revenue of a single US bank, Citibank ( see their earnings report of today). Hardly staggering when you actually think about the number in context, rather than just being a dumb ass reporter (not you Isopatch). That figure is for all NG infrastructure across the entire country. A single 4 train LNG plant is worth about $20 billion. That reporter is clearly used to working with numbers in the region of his/her paycheck! S&P

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