Wednesday, March 31, 2010

Natural Gas Update 31 Mar

22 Billion Cubic Ft/Day demand during winter 2010-All time record
  • Natural Gas gets cheap compared to Oil. (Seeking Alpha)
  • Statoil buys additional US Shale- Another multinational oil conglomerate buying worthless Natural Gas. (Bloomberg)
  • Environmental & Drilling issues with Fracking which could cut drilling in half- Suddenly the never ending shale supply is threatened.... (Bloomberg)
  • Obama's domestic energy proposal. (Bloomberg)
  • Goldman reverses course near low on Natural Gas. Now bullish due to Exxon/XTO acquisition- Depressing price and accumulating at the low much?? (Bloomberg)