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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (97320)	2/27/2008 6:39:07 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206114

Frank, tremendous post as always, thanks again for sharing your invaluable insights. I know I kid around a lot but folks may not realize what a tremendous resource of knowledge we have from you. Particularly, your constant drilling (pun very much intended) about the inaccuracies and flat out stupidity of the national press has instilled in me, for one, a high degree of skepticism when reading something from these sources, and such skepticism has often served me well. Regarding your point #5, it would seem that as natty prices in the US now "catch up" to the rest of the developed world, that would encourage stronger consideration of currently "stranded" gas in the lesser developed parts of the world. Speaking of which, I happen to know a place in northwestern Peru where there is a ton of gas just looking for a home, and, if you know anybody that's interested, I assure you the price will be right (heh-heh)!

To: Frank who wrote (97320)	2/28/2008 12:45:57 AM
From: energyplay	Read Replies (1) \| Respond to of 206114

There are two areas that have been able to develop increasing supplies of natural gas. 1. Coal bed Methane from Wyoming. So much was on line in excess of pipeline capacity that prices at the well heads fell sharply. Now the limitation on increased production is where to put all the water ? There are many places to drill wells, and most of them are shallow. 2. Barnett Shale and related shale plays. Drillers and E&Ps have learned how to get more out of each well, and are going after thicker and thicker shales. They are also successfully re-fracing older wells, the lifetime of the well is extended. Those are the only major positives on the North American supply side. I don't think they will be able to make up for all the decline form the GOM. It appears that regulators, planners, etc. are all assuming a near infinite supply of natural gas.