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

To: GaAs52 who wrote (148709)	4/2/2011 3:32:59 PM
From: elmatador	Respond to of 206178

substantial ng over-production + oil glut. Canadian oil glut at Cushing could last two years Message 27280840 Canada is frustrated with US inability to handle its oil flows plans to build a pipeline to the west coast and ship its oil to China. Message 27280837

To: GaAs52 who wrote (148709)	4/2/2011 4:53:46 PM
From: t4texas	1 Recommendation Respond to of 206178

gallium arsenide, look deeper into the strange continued drilling and production of shale ng despite the sharp fall in ng prices, and you will find held-by-production to be the major reason. all those shale leases have time fuses to drill on the lease, or the lease will be lost by the ng/oil company. once the lease is drilled, the lease is held by production. the time is now almost up for all those leases, and you will find the shale ng industry will not be so aggressive drilling so much until demand steps up. by the way what was the breakthrough technology that allowed GaAs to grow an oxide on it at low cost? i have wondered about that but not motivated enough to research it myself.

To: GaAs52 who wrote (148709)	4/2/2011 5:47:09 PM
From: Ed Ajootian	Respond to of 206178

GaAs, I've seen/heard about the 3,000 well completion backlog also, but certainly part (maybe a major part) of that is due to the influx of pad drilling in the shale plays. In many of the shale plays they drill, say, 4 wells from a single pad, and no completions of any wells in the pad are made until the last well has been drilled. So the well completion backlog stats that we are seeing today are not really comparable to historical periods, where much less (if any) pad drilling was taking place. If anyone has seen an attempt to cull out the portion of the completion backlog that is attributable to pad drilling it would be great to hear what that is. Another thing, don't forget about coal-to-gas switching, CAPP coal prices are holding up in the high $70 range, which translates to something like $6 natty. The EPA is forcing power producers to close down their old coal plants by 2015. But if the power producers look that the respective CAPP coal and natty futures strips between then and now, they will see that those same coal plants will lose money vs. the natty ones in the next 4 years anyway, so it would seem unlikely that they would wait until '15 to close them down.