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To: Travis T. OJustice

Depends upon production costs... it may have enormous potential for the future, but pursuing near-term production would depend upon current energy markets and prices compared to costs of production. Natural gas prices are pretty low right now, so it may be difficult to make this profitable.


7 posted on 05/25/2017 11:54:13 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante

Natural gas costs a lot more in China & any other place, which imports LNG. It costs a lot to liquefy the gas — more than the raw feed stock costs now. Then there’s the shipping costs.

Unless natural gas is being transported by ship (or is being used to fuel a ship); it doesn’t need to be liquefied. Compressed natural gas can be shipped economically by pipeline.

OTOH, depending on how fast this technology develops, The N. American (and Russian) natural gas industries could suffer losses, if supply gluts ensue.


15 posted on 05/25/2017 2:02:38 PM PDT by USFRIENDINVICTORIA
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To: Enchante

Fair dinkum, and why all my buddies are back home from the Bakken.

I was a week away from buying my friend a welding truck to send his unemployed ass out there. I bought the truck, sat on it for a week, and poof, the market died. Need anything welded? Anyhoo, it’s ready to go next boom cycle.


19 posted on 05/25/2017 3:48:32 PM PDT by Travis T. OJustice (<---Time Magazine's 2006 Person of the Year)
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