Not very long ago, check-book drillers (those who have very high production costs) had to reduce their drilling programs due to "higher-than-average" natural gas inventory. Many Canadian gas producers cut their gas drilling right down, not very long ago. Wall Street analysts fell over each other to down grade natural gas producers and the gas-levered oilfield services companies. Not very long ago!!!!! Both oil and gas are produced as Just-In-Time products, thanks to Wall Street. One hurricane hitting the Gulf of Mexico, prices would look very cheap now.
Now, Shortages of Natural Gas [View article]
Wall Street analysts fell over each other to down grade natural gas producers and the gas-levered oilfield services companies. Not very long ago!!!!!
Both oil and gas are produced as Just-In-Time products, thanks to Wall Street. One hurricane hitting the Gulf of Mexico, prices would look very cheap now.