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"The worst part has got to be over," says Wilbur Ross of natural gas, conceding his purchase of...

"The worst part has got to be over," says Wilbur Ross of natural gas, conceding his purchase of Exco (XCO) was a bit early. "(It) doesn't give cancer... very cheap per Btu... and is less pollutive than oil or coal." Not only will it become a bigger portion of domestic energy supply, but the export possibilities are outstanding.
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Comments (5)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    He left out " And it's everywhere ".
    4 Apr 2012, 01:11 PM Reply Like
  • gensearch2
    , contributor
    Comments (1467) | Send Message
     
    I wouldn't bet the worst is over. How about $1.50 for nat gas?

     

    There are a lot of good things that could be done with nat gas, it's just there not being enough done and not fast enough to put a noticeable dent in the oversupply.
    4 Apr 2012, 03:00 PM Reply Like
  • The_Hammer
    , contributor
    Comments (4057) | Send Message
     
    Free market capitalism does work once in a while. Good to see.
    4 Apr 2012, 06:05 PM Reply Like
  • Baby Doomer
    , contributor
    Comments (6) | Send Message
     
    You know what I hate about natural gas? With National Grid, the cost to deliver the gas is more than three times the cost of the gas. It's like buying a $1500 couch and paying $4600 to have it delivered. The lower the price of nat gas, the higher the multiplier gets. If nat gas goes to $1.00 the delivery costs will grow to 10 times the cost of the gas. When I heated with oil, when the wholesale price per gallon was at $3.00 I would pay the oil company for the oil and the delivery about $4.00 per gallon. I guess it's cheaper to truck in oil than it is to send nat gas through a pipe that has been in the ground for 30 years.
    4 Apr 2012, 06:29 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Look at the GASZ chart...

     

    EZ Money!!
    5 Apr 2012, 08:01 AM Reply Like
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