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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (89543)	4/27/2012 9:44:08 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218835

From my recollection around $2.5 per MBTU it does not pay for many offshore wells to be maintained, and this was 10 years ago. Therefore adjusted to inflation I presume no new wells will be drilled today and other just abandoned and the balance in price v exploration will settle somewhere above $3. Energy demand worldwide will continue to grow and mining coal is more expensive as present as NG prices. As soon as LNG terminals will come on-stream in the US, price will shore up and surplus supply will shrink due to exports IMHO as the price of NG in EU is much higher than in the US. Those are my assumptions. The fact that every investment guru is bearish on NG also helps - meaning few are long NG in substantial amounts.