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Too much gas and oil

Tim McElwain
Tim McElwain Member Posts: 4,633
is it a good thing or a bad thing? Gasoline actually went down this AM just not at the pumps!



<a href="http://r.smartbrief.com/resp/dBkvBYgqdOCcARkmCicOiyCicNemPy?format=standard">Experts: Industry needs to slow down drilling as gas supply swells</a>

Experts are advising oil and natural gas drillers to scale back production as the country's natural gas supply continues to swell -- potentially causing natural gas prices to nosedive. "They've gotten way ahead of themselves, and winter got way ahead of them, too. There hasn't been enough demand to use up all the supply being pushed into the market," said Jen Snyder, Wood Mackenzie's head of North American gas. If the U.S. stays on its current path, Bentek Energy estimates that the country's storage facilities would reach their full capacity by Oct. 10. <a href="http://r.smartbrief.com/resp/dBkvBYgqdOCcARkmCicOiyCicNemPy?format=standard">[u][color=#0000ff]Daily Guide (Waynesville, Mo.)/The Associated Press[/color][/u]</a><span style="color:#666666"> (4/9)</span> <img src="http://cdn.smartbrief.com/images/briefs2/common/sm_share.gif" width="34" height="14" alt="Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet." />

Comments

  • TonyS
    TonyS Member Posts: 849
    End game around the corner

    The gas game will soon be over Tim. They will soon have this process finished in the gas stage. Gas will then become a worldwide commodity sold to the highest bidder.

    http://www.rsc.org/chemistryworld/News/2009/August/10080902.asp
  • PeterNH
    PeterNH Member Posts: 88
    Until Then

    The reality of the situation is far, far, far different:

    http://www.zerohedge.com/contributed/2012-15-12/oil-and-natural-gas-ratio-explodes-521

     

    Peter
  • icesailor
    icesailor Member Posts: 7,265
    Water as a commodity:

    Next will be water. It will cost more than the fuel to run the boiler. It will be saved for re-use.  Members of the Baknster and Wall Street Crime Family are already investing in public water companies so that they can privatize them and charge whatever they want.

    The recent overthrow of the Bolivian Government came about when the previous government passed a decree that rain from the atmosphere was property of the State and collected rain from roofs into rain barrels was taxable water.

    The masses felt that unwarranted. Especially when there was no public or private water system in place. 
  • Tim McElwain
    Tim McElwain Member Posts: 4,633
    Many years ago when I was much

    younger a man predicted that someday stores would have water in bottles and they would sell the water. I lived at the time up in the mountains of Pennsylvania and used to drink water from a natural spring. Who knew - today they bottle that so called natural spring water and we all buy it hmmm, should have started a bottling company back then!
  • icesailor
    icesailor Member Posts: 7,265
    Bottled Water

    And most bottled water comes from municiple water systems that has additional filtration. Like you would get in a Brita filtered water pitcher.
This discussion has been closed.