Natural gas price slides with hefty U...

Natural gas price slides with hefty US supply

There are 1 comment on the WHIO story from Jan 12, 2012, titled Natural gas price slides with hefty US supply. In it, WHIO reports that:

The price of natural gas continued to drop Thursday after the government said U.S. supplies are well above normal for this time of year.

Join the discussion below, or Read more at WHIO.

Dwight Baker

Eagle Pass, TX

#1 Jan 13, 2012
What was ONCE the right way to sell natural gas is NO MORE TODAY
By Dwight Baker
[email protected]
January 13, 2012

ARTICLE

Natural gas price slides with hefty US supply
http://www.businessweek.com/ap/financialnews/...

EXCERPT
Natural gas prices fell 9 cents, or 3.1 percent, to $2.69 per 1,000 cubic feet in morning trading in New York. They've fallen by 13 percent in the past week as relatively mild winter weather cut heating demand. About half of U.S. homeowners use natural gas for heat.
Nigerian workers, who have been protesting the end of long-standing government fuel subsidies, may cut off oil production starting Sunday.
A number of international oil companies operate in Nigeria; including ExxonMobil, Chevron, France's Total, Royal Dutch Shell, ConocoPhillips, Brazil's Petrobras and others. Much of the production is on offshore platforms.
MY TAKE

I worked years in Natural Gas fields in Oklahoma back in the mid 1970ís natural gas wells drilled by some of the above had been producing for years on locked in contracts at 25 cents per 1,000 MCF. But some decided that the price of natural gas could go up. So then come the deep drilling in Anadarko Basin with the carrot hanging out that all gas produced under 15,000 feet could be sold for $15.00 MCF guaranteed. That was a lie. Then the bust of deep drilling in the Anadarko Basin comes to a halt over night. NO MORE MONEY.

Many of us lost all we had and more. Some endured through those rough years I did.
So what about today?

The story lines change daily about this and that so what needs to be done by you and me simply stated CONSERVE.

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