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

To: quehubo who wrote (121233)	5/30/2009 4:43:59 PM
From: jrhana	Read Replies (1) \| Respond to of 206085

But that is a great argument for increasing our use of NG, isn't it. The stuff is in ever more abundant supply. And I think that even if NG were to double in price, it would still be relatively and absolutely cheap. I have seen a lot of similar analysis but there are those who are not nearly as bearish. I believe that tax policy could and should be geared towards encouraging the use of NG and discouraging the use of imported oil. But we need to put some infrastructure in place to gather and transport it. With a convenient and cheap supply of NG everywhere, it will be used. The generators will be put in place etc etc etc. Message 25618937 And not to worry,those two great USA companies, those two great employers of USA citizens will provide us with some great technology for NG vehicles. (BTW that's Honda and Toyota I'm talking about not Ford and GM.)

To: quehubo who wrote (121233)	5/31/2009 8:45:44 AM
From: jrhana	Read Replies (1) \| Respond to of 206085

Actually a NG low relative to the POI to me is a good thing. It will encourage everyone to start making the switch. Again the low price of NG has force all these companies that are active in the shale areas to hone their techniques and in so doing they have been drastically reducing their cost of extracting shale NG. Even though I am heavily invested in one NG related play, I would not want to see another high spike in NG prices. That would just bring out the conspiracy folks and the heavy hand of Obama. Message 25682414 Message 25682442 So my preferred scenario would be an oh so slow and steady uptrend in the price of NG to around $8. It could then oscillate slowly between $6 and $8. At $6, shale NG is a quite profitable proposition in both the Marcellus and the Haynesville at least.