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

To: Frank who wrote (98064)	3/17/2008 10:28:05 AM
From: dvdw©	Read Replies (3) \| Respond to of 206338

Frank are the methane hydrate reserves factored into any of the NG gross supply data? afterall frozen methane is abundant along both coasts and I never hear anything about it. Burns as good as NG.

To: Frank who wrote (98064)	3/17/2008 3:26:36 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 206338

Frank, I don't agree there is not enough natural gas. In a macro sense winter is all but over and we still have more than 1T in storage, all the farmers that planted corn last year will this year be sowing soy beans which don't need nitrogen fertilizer, the LNG argument is much less valid with high prices, and with these prices everybody and their dog will be drilling for gas. I think this is a speculative run that has been amped up by a cold ending to winter, and exacerbated by hedge funds fleeing stocks looking for yield.