Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (603445)	3/13/2011 2:45:13 PM
From: i-node	Read Replies (1) \| Respond to of 1573901

The o&g companies (and Pickens is part of that industry) who hold lots of ng reserves would love more use of natural gas. Because we own quite a bit of mineral rights along the northern edge of Haynesville Shale, I have every reason to want it. And until people started leasing from us, I really had no idea we had so much of this resource. This is something that could happen quickly to get us off of foreign oil dependency, yet, you just never hear anyone talking about it. What's holding it up? I think the problem is the infrastructure investments that would be needed ... in advance of / in anticipation of market demand. They need assurance affordable supply will be there. I agree about the infrastructure. I find it insane that we are actually seeing import terminals canceled and being replaced with export terminals. We are ACTUALLY going to export this stuff rather than use it ourselves? This is stupid, and is a direct result of an incompetent energy policy in this country. Looking at ng historically, its been a boom and bust business with big price rises and crashes - the people who'd have to make the investments don't like that. I guess that's the nature of oil & gas both. Chesapeake is a prime example -- they were sitting on a ton of leases with gas at $4 and just had to start dumping them. Plus they know the liberal environmentalists are scheming to outlaw the hydraulic fracing that makes much of our ng usable. Example: You're always going to have liberal idiots opposing ANY energy source. They don't realize, of course, that the electricity that powers those battery cars is going to come from ng, NOT solar or wind. And the liberal talk shows next week will be going ballistic on nuclear I-told-you-so talk. You can't please 'em.