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

To: Frank who wrote (98403)	3/28/2008 12:24:30 PM
From: JimisJim	Read Replies (2) \| Respond to of 206223

The Baja LNG terminal is getting ready to start operations next month I believe (owned by SRE) and the pipelines to San Diego are already in place. The thing that strikes me about LNG is that a few years ago, the US had 4 LNG import terminals and one very small gassification/export terminal (in Alaska, selling some LNG to Japan)... since then a couple dozen LNG terminals were planned and approved, but as far as I can tell, most have been mothballed and only a couple actually got built, with a couple terminals not even operating because not enough LNG is reaching the US. It is less about LNG infrastructure for the moment and more about LNG supplies actually coming/reaching the US. There is some truth to ng supply increases in No. Am. at least for the short term. The CHK announcements in the last week are an example. However, despite some nice finds, the type of fields they are now finding, or refinding (as is the case with Marcellus, for example) due to economics are the type of fields that show swift production declines, requiring extra fracing to stimulate and extend life of fields, but the net depletion is quicker than the older, more conventional fields. As for the issue of why are so many countries (and states like CA in the US) building out so many more gas fired plants in the face of looming shortages worldwide? Because that sells easily to the public who vote and buy stock... the public, not just in the US, but elsewhere, too... just aren't ready to face the truth about ng as they struggle to cope with the reality of gasoline right now on top of housing and banking crisis (and that niggling war in the background) -- the public can't seem to process more than 1-2-3 issues at one time, so they go with the ones in the headlines the most and the headlines say "natty gas good"... Jim