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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (70078)	8/3/2008 10:06:28 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Yes, they are making staggering claims about the Haynesville Shale. IF these claims are supportable and the other plays like the Marcellus Shale pan out, this could really change the energy dynamics in the USA. Since these plays are land-based, we can quit worrying so much about hurricane disruption. And by adding more pipelines and storage we can even out the seasonal pricing disruptions. The price of natgas would settle in at the marginal cost of production for the long haul. That price is higher than the old price for conventional gas, but it provides long-term energy security while we continue to research other alternatives. The remaining 10% or so of homes and businesses that use heating oil would finally switch over to gas. More chemical processes would shift from oil to gas. New vehicles would use CNG, and there would be a conversion boom. Manufacturing plants that left the USA because of high energy prices could return. The proposed Alaska Natural Gas Pipeline might get delayed for another 40 years. Let's watch the news and see how this plays out.