Good News for Ethanol as Corn Dips and Pipeline Test a Success [View article]
Devon Energy's CEO was on CNBC Friday night. Extraction costs at Haynesville are greater than the price of Nat. gas. They will produce 33% less in 2009 then previously forecast. He feels other producers have similar problems and with Credit Unavailable, expansion will have to curtailed overall to preserve what cash they have to pay for ongoing expenses.
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Devon Energy's CEO was on CNBC Friday night. Extraction costs at Haynesville are greater than the price of Nat. gas. They will produce 33% less in 2009 then previously forecast. He feels other producers have similar problems and with Credit Unavailable, expansion will have to curtailed overall to preserve what cash they have to pay for ongoing expenses.
Oct 18 14:01 pm
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