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

To: Bearcatbob who wrote (178128)	4/25/2013 12:16:01 PM
From: Keith J	Read Replies (1) \| Respond to of 206181

Nucor has a DRI plant opening this year in Louisiana. A couple other DRI plants have begun construction or have been announced. Yes, NG is the reductant. KJ

To: Bearcatbob who wrote (178128)	4/25/2013 2:52:51 PM
From: Dennis Roth	1 Recommendation Respond to of 206181

Bob, this Wikipedia article explains Direct Reduced Iron en.wikipedia.org and this one the chemistry en.wikipedia.org Natural gas is partially oxidized (with heat and a catalyst): 2 CH4 + O2 --> 2 CO + 4 H2 These gases are then treated with iron ore in a furnace, producing solid sponge iron: Fe2O3 + CO + 2 H2 --> 2 Fe + CO2 + 2 H2O Silica is removed by adding a flux, i.e. limestone, late

To: Bearcatbob who wrote (178128)	4/25/2013 6:42:36 PM
From: t4texas	Read Replies (1) \| Respond to of 206181

sounds like your local drilling friend is trying to make a case for you that the cash and futures prices of ng are going to be coming down slowly (or sharply), because lots of them have ready Marcellus supply that they will race to connect without thinking that the increased supply may collapse the ng prices once again. is he also saying these ng producers are a bunch of dummies with no sense of recent ng history or supply and demand? if yes, i can understand his risk premise. if no, i don't quite understand the lecture.