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

To: Dennis Roth who wrote (178469)	5/11/2013 7:32:14 AM
From: dvdw©	Respond to of 206176

Nonsensical .....outtakes worth reporting.... SH: Because we're focusing on this oil field right now, this is an example that's being very widely promoted as a success story. What's the reality of productivity in the Bakken Shale both in oil and gas? BP: From a gas standpoint, it's hard to tell; it's not significant in gas because it's an oil field. Production in oil is probably leveling out close to 700,000 barrels a day. The wells there have a very steep decline. Will it get over a million barrels? That's very difficult to say, it's very questionable. We've certainly seen a production peak in Montana and Saskatchewan, and I don't think North Dakota is that far from peaking. I do think the lack of transportation has pushed out the peak date because companies have delayed drilling wells because of that, but I think now the transportation is in place through additional pipelines and rail systems. I think it will peak out somewhere in the 750,000 range. It may go a little higher, but not too much higher than that.

To: Dennis Roth who wrote (178469)	5/11/2013 8:11:26 AM
From: Dennis Roth	1 Recommendation Read Replies (2) \| Respond to of 206176

Shale Bust: North America Natural Gas Production set to Seriously Decline oilprice.com ...The reality is, Peter, there is only one true gas formation in the U.S. that is increasing production, and that's the Marcellus. Every other single shale gas play is now in decline...

To: Dennis Roth who wrote (178469)	5/11/2013 8:11:29 AM
From: Dennis Roth	Respond to of 206176

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To: Dennis Roth who wrote (178469)	5/23/2013 4:37:41 PM
From: Dennis Roth	2 Recommendations Read Replies (2) \| Respond to of 206176

Cheap shale gas bubble 'will burst within 2-4 years': Expert Published 23 May 2013 euractiv.com “The cheap price bubble [in the US] will burst within two-to-four years,” Hughes said. “At a high enough price, the supply bubble will burst perhaps 10-to-15 years later, when drilling locations become sparse.” “Supply can be maintained for many years,” he added, “but only at much higher prices with ever-escalating environmental impacts due to the accelerating number of wells that must be drilled.” ----- Fracking 'could ruin German beer' telegraph.co.uk German brewers have warned Chancellor Angela Merkel that any law allowing the controversial drilling technique known as fracking could damage the country's cherished beer industry.

To: Dennis Roth who wrote (178469)	7/15/2013 2:33:23 PM
From: Dennis Roth	1 Recommendation Recommended By evestor Read Replies (5) \| Respond to of 206176

Shale Skeptics Take On Pickens July 15, 2013 businessweek.com “I’ll never see $16 natural gas in my lifetime,” Pickens, 85, who scoffs at the pessimism of skeptics, said in a July 12 interview. --- Exploding The Natural Gas Supply Myth: An Interview With Bill Powers Jul 15 2013, 12:50 seekingalpha.com Bill Powers: It is very similar to the housing market and the market for credit default swaps in 2006. Those types of investments where they explode one day and people wonder why it happened but it was fairly obvious if you looked at what was going on. That's what I see happening with natural gas.