Natural gas is
- clean
- cheap
- plentiful NOT so much
Okay, so, natural gas is cheap. It’s so cheap that the drillers are losing money.
A potential turning point for natural gas
” …balance sheet positions on the whole are in mediocre shape with 2012E debt to cash flows at approximately 1.5 times assuming average $4.50/mcf gas prices.”
The only hope for the Big Gas Mafia is to finagle a way to increase demand and drive prices up.
But, if prices go up, then natural gas is:
- clean
cheap- plentiful NOT so much
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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NOT CLEAN
NOT CHEAP (wait for the demand/supply function to equillibrate)
NOT SAFE
STAN SCOBIE, BINGHAMTON, NY
I heard one of the frackers actually using the low price of gas as a way of selling fracking-he said that the more they drill, the more gas-‘Supply’ there is, and people, especially in the northeast who use gas for heat-the ‘demand’ will actually pay less for gas beacuse there’s more of it. So get out there and drill!