Those things look like giant bombs.
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Marcellus Shale: An Environmental Disaster In The Making
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Originally posted by Pumpkin QAAD View PostStorage is storage regardless if it's underground or above ground.
My point is it's a huge effect and a readily tracked number wether it's in salt mines or not it's a factor in the market.
If there was no working gas in storage supply could not keep up with winter demand. Its not just about "shutting in" production. The fact that storage is tracking the top of the 5 year average is why Nat Gas is just about the only commodity not skyrocketing right now. If it wasn't for this cold winter prices would probably be below $3.
Working gas in Storage:
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"Stored natural gas plays a vital role in ensuring that any excess supply delivered during the summer months is available to meet the increased demand of the winter months."
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http://en.wikipedia.org/wiki/Natural_gas_storage
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http://news.yahoo.com/
Unemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent — less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women. Convenience stores are struggling to keep shelves stocked with food
Last month China's state-owned oil company CNOOC agreed to pay Chesapeake $570 million for a one-third stake in a drilling project in the Niobrara. This followed a $1 billion deal in October between the two companies on a project in the Eagle Ford.
Sends One Third of Profits to China: Check.
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I agree with everything you said paradox, as I was oversimplifying as well. However my comments are in response to the statement that gas storage is impossible. Having proven that it is, yes it is very difficult to deliver unless there is a pressurized pipe or it can be liquified a la Europes problem right now. But there is definately a regional aspect to gas prices as well but a very well organized delivery system in the lower 48 especially from the producing regions to the Northeast.
Storage data is announced in regions, prices are all over the place based on point of delivery and then the futures market throws in a whole new vernacular alltogether.
Either way at $4 spot prices these producers have to be taking a beating right now even if they can take advantage of contango in the futures market.A society grows great when old men plant trees whose shade they know they never shall sit in
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Originally posted by Pumpkin QAAD View PostI agree with everything you said paradox, as I was oversimplifying as well. However my comments are in response to the statement that gas storage is impossible. Having proven that it is, yes it is very difficult to deliver unless there is a pressurized pipe or it can be liquified a la Europes problem right now. But there is definately a regional aspect to gas prices as well but a very well organized delivery system in the lower 48 especially from the producing regions to the Northeast.
Storage data is announced in regions, prices are all over the place based on point of delivery and then the futures market throws in a whole new vernacular alltogether.
Either way at $4 spot prices these producers have to be taking a beating right now even if they can take advantage of contango in the futures market.
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Originally posted by sp_nyp View PostUnemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent — less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women. Convenience stores are struggling to keep shelves stocked with food
Another downside
Hawk"If future generations are to remember us with gratitude rather than contempt, we must leave them more than the miracles of technology. We must leave them a glimpse of the world as it was in the beginning, not just after we got through with it." Lyndon B. Johnson
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Originally posted by Crokit View Postthe well/wells in question is/are vertical wells, not the proposed hyrofracking process that's under going " scrutiny ".
My well water is what scares me .....Be careful, don't spread invasive species!!
When a dog runs at you,whistle for him.
Henry David Thoreau
CL50-#23
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Right - the vertical wells also use the hydrofracking process, but it's the High-Volume Horizontal Hydrofracturing process that has caused problems and is drawing so much concern regarding well water contamination, surface water polluton, and air pollution. I liken it to a high-profile, very polluted area just a few miles from my home - Niagara Falls' Love Canal. The same justification used 50 years ago is still used, "It's safe and will create jobs". HVHF is the Love Canal of the 21st Century, and I hope enough people realize that to prevent the rest of the country from making those mistakes, or repeating the mistakes that have already been made in what used to be the Allegheny National Forest of Pennsylvania."Like" my FB page http://tinyurl.com/FB-BuffaloPaddles and visit my map ALGonquin Bob's "BUFFALO PADDLES" Paddle Guide
Check out my "Mountain Blog" http://tinyurl.com/BobMountainBlog2
46er #5357W
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Natural Gas Wells Contaminate Watersheds
Great article from New York Times 2/26/11
"Regulations Lax as Gas Well's Tainted Water's Hit Our Watersheds"...
I strongly urge you all to watch the HBO film documentary "GASLAND" by screenwriter Josh Fox.
Bluesman
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The problem is:
The gas companies know all this
The lawmakers know all this
The federal, State and local officials know all this
A good deal of the people receiving payment for the leases know all this
The regulators know all this.
None of them care. there is money to be made and campaign donations to be had."If future generations are to remember us with gratitude rather than contempt, we must leave them more than the miracles of technology. We must leave them a glimpse of the world as it was in the beginning, not just after we got through with it." Lyndon B. Johnson
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E.P.A. Struggles to Regulate Natural Gas Hydrofracking
Taken from the New York Times today, 3/3/11
This is the 4th major story published by the New York Times in a month regarding the E.P.A. and its political struggle to regulate "Hydrofracking" by Natural Gas Companies. It appears "someone" is starting to pay attention to the implications and ramifications associated with that process.
As Hawk says... Nobody Cares... but this is a serious political infringement of our constitutional rights to have access to "Clean Water"...
That's "LIFE" for all of us... and someone has to break the political barriers set forth by the powerful lobbying industry supporting Natural Gas companies. It can't always be about the almighty buck....
This is a good article.....
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