It's all about Oil & Gas

CBS.MarketWatch.Com ^ | 12-31-03 | Myra P. Saefong

[BOBTHENAILER]

Why can't we use renewables, sayeth the nine dwarves.

[BOBTHENAILER]

"If we see another year like last year in the gas, it will be trading over $10 on a regular basis," he added.

Hehehehehe.

[AM2000]

When I saw the headline, I thought this was gonna be an Iraq thread posted by some DU troll.

[baltodog]

Stephan Hunter is one of my favorite authors.

[Dog Gone]

I don't see natural gas trading at over $10 except as a temporary spike. There's a lot of new supply coming online, especially in the form of LNG.

Besides, if gas gets too expensive, alternative energy sources suddenly become profitable.

I could live with $7.50 gas quite nicely, I think.

[SierraWasp]

Looks to me like the weather and THEN OPEC has more to do with the profitability of these things than geopolitical stuff! Stuff Happens!!!

But... Then, again... We must watch out for moral equivocations above all else, lest we become too arrogant and powerful and start our "Ugly American" gloating and greediness in our economic largess in feeding the world.

We must protect our image by professing guilt over our success in helping third whirled cuntries develop their resources so they can beat us evil capitalists over the head with guilt, right? (/super-sarcasm)

[Eric in the Ozarks]

Industry can't.
$7.50 might work for residential but having 30 percent of the nation's electric generation gas-fired is wrong, wrong, wrong.

[SierraWasp]

You shoulda seen PBS's treatment of the Bolivia manufactured political problems and it's effect on natural gas, last night on the "News Hour!" They oughta change the name of that "show" to the "Views Hour!"

[Dog Gone]

Environmentalists love natural gas as the source of electrical power, but I agree that it's plain stupid to waste it that way when electricity can be generated using other means. But it's precisely because of the power plants that the demand for natural gas is going through the roof.

[Dog Gone]

I wish I had seen that.

Of course, that would have meant that two people in the entire USA were watching PBS on New Years Eve.

[BOBTHENAILER]

When I saw the headline, I thought this was gonna be an Iraq thread posted by some DU troll.

The headline was mine, and you're right, I picked it to mock the DU trolls.

[BOBTHENAILER]

Mine too, thus the screen name.

[BOBTHENAILER]

I don't see natural gas trading at over $10 except as a temporary spike.

Agreed. Actually, I could easily live with a rock solid $4.00-$4.50, after transportation, gathering and marketing. Industry could as well. Then we all thrive.

[BOBTHENAILER]

"Ugly American" gloating and greediness in our economic largess in feeding the world.

Whine, moan, cry, weep. You are so right, we need to constantly self-flagellate for our wicked ways. </ mega-sarcasm >

[SierraWasp]

Oh yes!!! It was all about "the oppressed indigineous pipples" and how "their resource" was being ripped off for "corporate greed" and the US had crippled their cocca leaf economy... Oh my goodness it was awful!!!

Why... It almost brought tears to my eyes! Tears of pain and utter shame that now their damn "resource" would remain locked up in their Commonista inspired deposing of their US friendly El Presidente!!! Oh, the humanity!!! The enslavement!!! (gasping for breath)

[Dog Gone]

Somehow, I'm not surprised that PBS spun it that way. It just galls me that my tax money is being spent on them.

[SierraWasp]

That's why it should be the Commonista "Views Hour" and NOT the "News Hour!" But it's become some kinda "Sacred Cow," nowadays!!!

Even the McLaughlin Group is getting "progressively" more and more disgusting, each time I watch it. Grampa Dave admonishes me not to watch it, but I've gotta know whut them "Mainstream Liburrals" are spinning out of current realitys!!!

[Alberta's Child]

One of the trends in Canada is the "re-conversion" of power plants from natural gas back to coal. There's plenty of natural gas in western Canada, but it's silly to use it yourself when you have alternatives like coal and you can sell the CNG in the U.S. for so much money.

[BOBTHENAILER]

There's plenty of natural gas in western Canada, but it's silly to use it yourself when you have alternatives like coal and you can sell the CNG in the U.S. for so much money.

The US could do well by building and converting more power plants to coal, which we have some 100 plus years of. Never happen though due to enviro-wackos.

CNG gas exports to the US are declining, due to two factors. More demand in Canada and rapidly declining production from monster fields such as Ladyfern.

[Alberta's Child]

CNG gas exports to the US are declining, due to two factors. More demand in Canada and rapidly declining production from monster fields such as Ladyfern.

I'm surprised to hear about the Canadian angle -- I would have thought that demand in the U.S. would always go higher relative to demand in Canada, simply because the U.S. population is growing faster than theirs.

I suspect that the decline in the value of the U.S. dollar relative to theirs is a major factor here, too. At a price of $10, this would translate to about $13 Canadian. A year and a half ago, this would have been about $15.50 Canadian.