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

To: elmatador who wrote (183164)	3/24/2014 7:17:45 AM
From: Bearcatbob	Respond to of 206183

The Europeans would love to have such a "high-cost" fuel. "However, there really is a lot of “unconventional” gas to be produced by the North American industry, just at higher prices than the political class now assumes, and in places that are not adequately connected to pipelines. Unconventional gas is not a miracle; it is a high-cost source of fuel that requires a lot of technical skill, time and capital. You drill for it because there are not enough conventional gas resources on offer in safe places." Elmat, would you consider $6 NG a high priced fuel? I do suspect some have come to believe that sub $4 ng is the norm and that anything more is expensive. I do not think that is a knowledge based belief. I do think if it became a common understanding that nat gas would cost $6 long term the opposition to NG exports would find a false horse to ride. Bob