T Boone is a business man that does not care who is running the country as long a s he can get something for nothing.
He has lost his ass in wind farms when he could not get the government to pay for the transmission lines needed to get it to the market.
He aint the sharpest knife in the drawer but knows how to come back from defeat. He would love for more NG to be sold any and everywhere which in istself isnt a bad thing except for NG is a commodity just like oil and subject to supply and demand pressures. Fhorizontal drilling and fracking has led to an huge glut of available NG which has driven prices way down. Couple that with the lack of a significant winter and the resultant drop in demand and NG is about as cheap as it has ever been.
There was a big rush to build a lot of LNG facilities that were done just before the increase in domestic NG production from previously leased and private land. The drop in rig use is mainly from NG drilling.
The companies that are making out like bandits are the ones that have contracts on NG at the formerly higher prices and the ones that are buying NG at the low cost and selling it under contract at a much higher price. Electricity generator that are using NG and have their rates locked in based on the higher prices a a few years ago are also making out like bandits.
for all you anti-america, anti free enterprise, anti common sense, anti oil business, anti right thinking, anti everything thats true and real and good solyndra sucking obamaphiles
- Guest123018-4
- 08-13-2012, 07:59 PM
- theaustinescorts
- 08-13-2012, 07:59 PM
The market will determine all of this.
Last year the US produced LESS CARBON DIOXIDE EMISSIONS than it had for any year in the last twenty years. Put that in your pipe and smoke it if you're an environmentalist.
The reason is the widespread conversion from coal-fired powerplants to the use of gas, and this conversion process is only in it's infancy. Carbon emissions from automobiles was level also for the first time in decades.
Gas will certainly also come to power most or all of long-haul tractors because of the cost of gas versus diesel. What Boone does or doesn't do will have nothing to do with it.
Last year the US produced LESS CARBON DIOXIDE EMISSIONS than it had for any year in the last twenty years. Put that in your pipe and smoke it if you're an environmentalist.
The reason is the widespread conversion from coal-fired powerplants to the use of gas, and this conversion process is only in it's infancy. Carbon emissions from automobiles was level also for the first time in decades.
Gas will certainly also come to power most or all of long-haul tractors because of the cost of gas versus diesel. What Boone does or doesn't do will have nothing to do with it.