In response to:
energy market he's ever seen.
“I've been in the energy business my entire career and I can assure you this 81-year-old has chased down more deals than anyone you'll ever meet.
A lot of those deals didn't pan out, that's just how the game is played, but every now and then a big kahuna comes along. When it does, you'd better jump on it. Right now that sort of game changer has landed right in our lap.”
For the 1st time in 16 years, US oil rigs now outnumber natural gas rigs, chart:
files.dailywealth.com/images/psi-chart8.jpg
In 2005, just 11% of the drill rigs in N-A were drilling for oil. Today, it's more than 75%.
This isn't rocket science. Less drilling for gas means less gas, just as demand for gas is soaring !
Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...
Consumers of every variety are substituting natural gas for electricity everywhere they can, using natural gas dryers in their homes instead of electric.
Very soon, ther'll be a supply/demand shortage. And that means the price of natural gas will start to go up.
There's another, even more important reason natural gas prices are going to go up.
Beginning in 2015, the first large-scale natural gas export facilities are scheduled to open on the Texas coast. By the end of 2016, the US will be among the world's largest suppliers of natural gas !
Imagine the boost this'll give to Obama's 2nd admin. By the end of 2015, America will be the