How Much Natural Gas Remains in the USA? [View article]
The only problem with linking NG price with demand ( and the concomitiant increase in production) is that there is no real link, only economic. That is a bit like saying that if the price of oil goes up to $200 a barrel, we suddenly will have a huge supply. We won't. None of the "massive" finds of oil are anything more than a few months or years supply. There are no more Ghrawars, not even Cantarells.
Unfortunately CHK is a stock that is mired in debt and depends on future earnings heavily to get out of that debt. McClendon bought, bought, bought, bought and bought, and now "owns" some of the most highly leveraged NG in the US. It's hard to get around that.
Natural Gas & Wind Power - The Pickens Plan [View article]
solar at day and wind at night works for me. Along with every other power source out there. The infrastructure to support an alterative only energy driven America will be on a much larger scale than ten Manhattan Projects. At some point a Trillion or three will be spent.
I agree with beegdawg's analysis. NG will always be a hugely important energy source, however, it does not replace oil. Most oil is used for gasoline production, with the remaining half of the barrel going to bunker oil, aromatics, asphalt, kerosene etc. . NG does not replace any of these.
Nonetheless, it will remain a hugely important source of energy for decades. Solar needs a footprint 100 times what it is now to make ANY impact on oil usage.
Chesapeake was a bargain at $28. At current prices it is a questionable investment.
Natural Gas Report: Winds of Change [View article]
I have to suspect that when inflation of the dollar is taken into account, that stable gas prices mean it is 5-8% cheaper every year, to match the actual inflation of the dollar, not the phony core CPI. I also suspect that ten years from now $7 gas will be looked on like $3 gasoline. A fond memory.
How Much Natural Gas Remains in the USA? [View article]
GAAP Energy Earnings Are Worthless [View article]
Natural Gas & Wind Power - The Pickens Plan [View article]
Petrohawk and Chesapeake Fly on Haynesville Shale News [View article]
Chesapeake Energy Reverts to Resource Acquisition Mode [View article]
Chesapeake: A Top Energy Play [View article]
Nonetheless, it will remain a hugely important source of energy for decades. Solar needs a footprint 100 times what it is now to make ANY impact on oil usage.
Chesapeake was a bargain at $28. At current prices it is a questionable investment.
Natural Gas Report: Winds of Change [View article]