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.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bond_bubble who wrote (59004)4/21/2006 2:55:24 PM
From: shades  Respond to of 110194
 
Chile's Pres Says Gas Find To Ease Argentina Swap Deals

(mass and ENERGY bondbubble - 2 fundamental truths of the universe)

PORVENIR, Chile (Dow Jones)--Natural gas deposits currently being explored in remote Tierra del Fuego will likely ease gas swap deals with Argentina, Chilean President Michelle Bachelet told reporters Friday.

"There's gas there and it's promising," Bachelet said, referring to state energy company Empresa Nacional de Petroleo's (ENP.YY), or Enap, Lago Mercedes II field.

Enap, by late May, will know whether the gas flows in the deposit will be commercially viable.

While the full amount of the reserves isn't quite clear yet, Bachelet said she was optimistic about the Lago Mercedes prospect.

Potentially, the reserves could supply Chile's southernmost region, Magallanes, until 2020, the president said earlier this month when the find was announced.

Officials including former President Ricardo Lagos have said the gas could even replace some of the dwindling reserves from Argentina, currently the sole source of gas for the country.

Fuel swaps have played a major role in dealing with shortfalls in natural gas imports from Argentina.

A few Chilean generators, including Endesa SA (EOC), managed to deflect gas cuts to their plants last year after agreeing to fuel-for-gas swaps with Argentine companies.

Amid rising demand, Chile's power generators have been hit over the past two years by reductions in natural gas deliveries from neighboring Argentina.

Under normal conditions Chilean generators would use the Argentina gas to generate around a third of their electricity. The restrictions have forced local generators and manufacturers to use more expensive fuels, driving up energy costs.


-By Stephan Kueffner, Dow Jones Newswires; 56-2-460 8547; stephan.kueffner@dowjones.com

(Carolina Pica contributed to this report.)


(END) Dow Jones Newswires

April 21, 2006 14:44 ET (18:44 GMT)



To: bond_bubble who wrote (59004)4/21/2006 2:59:53 PM
From: shades  Respond to of 110194
 
You can taunt me with your profit stories.

Message 22375074

Oil used to be 10 bucks a barrel eh? Watch stargate Atlantis tonight Bondbubble

scifi.com

- if it wasn't for that ZERO POINT ENERGY module - the show couldn't go on - the whole society is based on cheap or free ENERGY! Mr. Fusion BABY!@ hehe

Dr. Who couldn't travel the universe without ENERGY. Battlestar Galactica couldn't blow up cylons without ENERGY!



To: bond_bubble who wrote (59004)4/21/2006 3:43:55 PM
From: John Vosilla  Respond to of 110194
 
"If you are tired of it, you should go ahead and speculate/invest. You can taunt me with your profit stories."

Am I guessing that shorting stocks isn't speculating? Or keeping cash under the mattress when you are losing 8-10% a year in purchasing power is a smart thing to do? We've been dealt a strange deck of cards of late. I still believe the right real estate structured right and at way below replacement cost that generates excellent cash flow is far and away the best and safest investment bar none..

Been reading this board for two years now and posting a year and a half. Always the same story from folks whatever there agenda. My question here and now to all is do you think the dynamics or current environment now are any different from two years ago that maybe has swayed your opinion one way or the other on what the end game is?