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Msg  2510 of 3455  at  6/18/2012 1:16:42 PM  by

jwallisca


 In response to msg 2509 by  tigris72poo
ignore topicview thread,  thread start

Re: XOM drops shale gas in Poland and...

 t72
 
Be careful what you wish for. Here in North America NG is going for a song, which has partially killed the industry. NG rigs are a shadow of the boom years. Most are drilling for oil instead. This anomaly will bring on the next spike in NG prices.
 
In Europe NG prices are high because they are tied to oil prices [i.e. reflect energy costs to some extent] rather than supply and demand. That said, Putin is doing his level best to ensure that supply kind of meets demand to avoid a surplus situation. After all, the country needs the money!
 
By analogy, we must remember Murphy's laws, his "Golden Rule": them that has the gold makes the rules 
 
In closing, I never said that you were not serious, just partially not so! 
 
jwall 


 
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Msg # Subject Author Recs Date Posted
2511 Re: UK likes LNG and... t72 jwallisca 1 6/20/2012 1:48:37 PM


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