If hydraulic fracturing is significantly curtailed or made significantly more expensive, $4 Nat Gas will sound like $30 crude oil.
Well...in my case, it already does.
Selling my stuff, indexed, for example, at 75 percent of crude. It’s tough city.
I have no doubt that nat gas is the long term solution to reviving America’s industrial capacity and Barky is not going to stand in the way. Millionares are being made every day in Pennsylvania based on leasing farms and acreages. And there’s more to come.
There’s money to be made at $3 (altho it may result in heartburn to older well owners) and likely below $3.