debir Wrote:
Dec 01, 2012 7:33 AM
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: 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 !