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bigbenorr

bigbenorr
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  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Hmmm -24 bcf today, that is about 3.5 bcf/day injections, so with production at 67 bcf plus maybe 2-3 bcf net imports say 70 bcf /day total, we are left with about 66.5 bcf/day consumption. The weather wasn't all that bad during the week either. Explain that record injection to me one more time??
    Apr 17 10:46 AM | Likes Like |Link to Comment
  • Kinder Morgan restructuring possible but not easy, Credit Suisse says [View news story]
    Rich, don't listen to these clowns. Keep kicking A$$.

    Long KMI, KMP
    Apr 3 07:12 PM | 14 Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Right, so while 2.1 TCF was stored over the last recharge period, 3 TCF was depleted in a shorter period. Consumption > Production??
    Apr 3 03:29 AM | 1 Like Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Cat 7??? I am pretty sure cat 5 is the highest.
    Apr 2 08:38 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Clearly heating and cooling will be the determining factor as always, I guess I just feel like we've had pretty mild conditions the last few years and some people have gotten complacent.

    Also, I was incorrect in the above statement. January was only about 400-500 BCF above the 2 prior years in terms of consumption.

    Consumption was 1 TCF above production however.
    Apr 2 08:30 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Last year averaged about 70 right?
    Apr 2 08:24 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Honestly I think there is a general underestimation of demand going on right now. Production was at record highs this winter and there was still an all time record draw down of inventories, production is going up but its very gradual really, demand will continue growing in my opinion. Last year consumption was about 26 TCF, this year we are on track for at least 27.5 I think (January alone burned almost 1 TCF above normal), so really anything less than +4 BCF/day y/y production growth is coming out of inventories.
    Apr 2 12:36 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    hmmm, I think more like 1-2 bcf y/y. So far the market obviously is leaning your way, I just think the storage situation makes prices very vulnerable if anything disrupts the refill process. Hot summer or hurricane or just increasing demand. I don't see how prices above $4 are really ruinous anyway, I mean they averaged higher than that for most of 2001-2010 and dollars were worth more then than now. Coal may be cheap, but the cost to operate coal plants is increasing, and companies are trying to decide now whether to retire plants or buy expensive exhaust systems, so the coal switching thing only goes so far.
    Apr 2 10:21 AM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Going with HiddenValue on this one, its been getting hot in Texas for march, and we're about due for a hot summer. Production is at a record but its only a couple percent higher than last year, and injections will have to be much higher than last summer which was fairly cool.
    Mar 31 09:32 PM | 1 Like Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    I still agree that it would be better to extract some useful work from the resource, but as always economic factors have to be weighed.
    Mar 30 12:42 PM | 1 Like Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    Over longer time periods consumption tends to increase when more gas is put on the market, so the replacement theory is a little off in my opinion.
    Mar 30 12:11 PM | Likes Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    "You need more than fossil fuels to make those things a reality. Why not credit the steel industry, or the chemical industry, or any other countless people's efforts that made those things a reality? "

    pop quiz: what are the two major components of steel.
    1. Iron
    2. Carbon
    Any guesses where the carbon comes from?
    Also chemical plants run mostly on hydrocarbons.
    I take nothing away from the hard work of the individuals in those industries but they cannot function without fuel and materials.
    Mar 29 10:00 PM | 2 Likes Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    7 million people who would have never been born without the food, heat, shelter, medicine, infrastructure, etc. made possible by exploitation of fossil fuels.
    Mar 29 04:09 PM | 3 Likes Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    Hell, I wish I could get one in my back yard, along with a producing well.
    Mar 29 12:20 PM | 2 Likes Like |Link to Comment
  • Obama takes aim at oil industry in targeting methane emissions [View news story]
    Yeah it is kind of sad to think about. When I used to drive around up there on a cloudy night the whole sky was lit up orange from all the flares. Hopefully nat gas usage will increase and prices will then support more infrastructure growth.
    Mar 29 10:00 AM | Likes Like |Link to Comment
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