Tuesday, May 30, 2006

Where's The Growth?

*Natural Gas prices keep going up, demonstrating that demand is probably outpacing supply.* Yet, over the last few years, the last of our manufacturing industries have been leaving the US, like rats leaving a sinking ship.

Correction... I've been informed that Natural Gas prices have spiked and then dropped again. Thanks Bill. But that's for spot prices, consumer prices appear to be on the rise.
Richard Duncan and others have sounded the warning that by 2008, North American Natural Gas production will be in a steep decline.

The naysayers argue we have plenty of Natural Gas in stranded fields, like the one in a Fort Worth Texas suburb that exploded, leading to very exciting emergency council meetings.

If stranded fields coupled with frenzied drilling, is going to lead to decades of growth in production, when will it happen?

Graph compiled from EIA data.


At 6:42 PM, Anonymous Anonymous said...

Good work thank you, Did you know, the miles of natural gasline being laid in Florida gulf and related shores jumps from 307 miles in 2005 to 6000+ in 2007 cumalative and is the highest ever recorded Jeb, I think is going to pardon the Pipe layers and lay some serious pipe. wouldn't you know the CEO's and VPs of the pipe layers have Carlyle connections gulfstream, duke energy, el-pasoe williams all cronies at high levels. Gods of Power oooh-oooh, oooh, or uh-oh


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