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224 comments on DrumBeat: November 30, 2006
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224 comments on DrumBeat: November 30, 2006
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GAIA Host Collective
This also ties into the India natural gas shortages story Leanan posted above. They passed-up some opportunities to get some LNG long-term contracts at what they considered "inflated" prices -- now they are paying dearly for that. The future U.S. natural gas supply will also depend on LNG to make up future shortfalls. There's no time like the present to start lining up that supply. Thinking ahead is the only way to go here. We Americans are not noted for our long range planning abilities, however. See Iraq.
Ron Patterson
Last year it was -49 and the 5 year average was -40.
-32 looks like about normal to me...maybe even better than normal.
http://americanoilman.homestead.com/GasStorage.html
Rick
Highly reminiscent of the offer to Nixon by the Shah of Iran in 1969 for a 10 year contract for crude at $1/bbl. Nixon declined figuring that oil had to go down in price from its obviously too high $1/bbl.