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  • Yeah, subby, that's what they WANT you to believe.

    I won't be drinking your Kool Aid today, sir. Good day.
  • Now, call me crazy, but why don't they, you know, use that natural gas? You know, instead of just burning it? Maybe use it to power the local community?

    /fracking's bad enough
    //now they're just being wasteful
  • It's in the frakkin' oil fields!
  • But it makes money, so it must be okay, right?
  • Paris1127: Now, call me crazy, but why don't they, you know, use that natural gas?


    Sometimes. It's cheap as shiat right now and they are drilling primarily for oil. It's not worth the effort or investment to build the infrastructure to pipe it out. Now, if there was say an overseas market that would be willing to pay a metric farkton more than it's bringing domestically...Oh wait!

    That being said, flaring gas at the well site is nothing new. My Dad told me that back in the 50s you could drive through the fields south of Electra Texas at midnight at it was almost  as bright as day.
  • Dancin_In_Anson: Paris1127: Now, call me crazy, but why don't they, you know, use that natural gas?

    Sometimes. It's cheap as shiat right now and they are drilling primarily for oil. It's not worth the effort or investment to build the infrastructure to pipe it out. Now, if there was say an overseas market that would be willing to pay a metric farkton more than it's bringing domestically...Oh wait!

    That being said, flaring gas at the well site is nothing new. My Dad told me that back in the 50s you could drive through the fields south of Electra Texas at midnight at it was almost  as bright as day.


    Still, it feels like they're leaving money on the table, even with the cost of infrastructure in comparison to the massive desire for natural gas. It's a limited resource, why not just gather and store?
  • Has anyone seen Don Rumsfeld or Dick Cheney lately? I'd say this is their doing.
  • Some people just like watching the world burn.
  • Solon Isonomia: Still, it feels like they're leaving money on the table, even with the cost of infrastructure in comparison to the massive desire for natural gas. It's a limited resource, why not just gather and store?


    No storage left. Really. It's insane and there are countries all but sucking our wang for the stuff. There is a concerted effort on the part of a few manufacturers to keep the DoE from authorizing mass exports. Combine that with the desire of the government to convert 'dirty' power generators to NG and you have a over supply issue. There are a couple of projects on the Texas coast to liquefy the product and ship overseas but until the greenlight is given to readily export it, it's just another waste byproduct of the oil extraction process good for little more than flaring.
  • Dancin_In_Anson: Solon Isonomia: Still, it feels like they're leaving money on the table, even with the cost of infrastructure in comparison to the massive desire for natural gas. It's a limited resource, why not just gather and store?

    No storage left. Really. It's insane and there are countries all but sucking our wang for the stuff. There is a concerted effort on the part of a few manufacturers to keep the DoE from authorizing mass exports. Combine that with the desire of the government to convert 'dirty' power generators to NG and you have a over supply issue. There are a couple of projects on the Texas coast to liquefy the product and ship overseas but until the greenlight is given to readily export it, it's just another waste byproduct of the oil extraction process good for little more than flaring.


    Ugh... that just makes me sick. That's seriously wasteful, disgustingly wasteful. Hmmm... I wonder if an activist shareholder could run with that, sort of a corporate waste suit...
  • Solon Isonomia: That's seriously wasteful, disgustingly wasteful


    Just standard business practice.  Why bother think for tomorrow when profit today is all that matters?
  • Solon Isonomia: Ugh... that just makes me sick. That's seriously wasteful, disgustingly wasteful. Hmmm... I wonder if an activist shareholder could run with that, sort of a corporate waste suit..


    Easy, Tiger. The oil companies are foaming at the mouth to sell it. My figures aren't exact, but LNG is on the US market at ~$4.00/ thousand Cu Ft and the overseas market is closer to $15. The block is at the regulatory level.
  • GAT_00: Solon Isonomia: That's seriously wasteful, disgustingly wasteful

    Just standard business practice.  Why bother think for tomorrow when profit today is all that matters?


    Because some of your shareholders might want to look at the long game and know how to use their position to redirect the company in the direction they want. At least, that's the idea behind certain shareholder rights.
  • Dancin_In_Anson: Solon Isonomia: Ugh... that just makes me sick. That's seriously wasteful, disgustingly wasteful. Hmmm... I wonder if an activist shareholder could run with that, sort of a corporate waste suit..

    Easy, Tiger. The oil companies are foaming at the mouth to sell it. My figures aren't exact, but LNG is on the US market at ~$4.00/ thousand Cu Ft and the overseas market is closer to $15. The block is at the regulatory level.


    Right, but which manufacturers are creating the bottleneck at the DoE? Are they just trying to stall for time so they have the infrastructure to corner the export market?
  • NewportBarGuy: Has anyone seen Don Rumsfeld or Dick Cheney lately? I'd say this is their doing.


    I scrolled by this really quickly and thought I saw "Don Rickles."

    I'd like to see him weigh in on these events.
  • Solon Isonomia: Right, but which manufacturers are creating the bottleneck at the DoE?


    i580.photobucket.comView Full Size
  • GAT_00: Just standard business practice. Why bother think for tomorrow when profit today is all that matters?


    You might want to stay away from this one, my boy.
  • Shostie: Solon Isonomia: Right, but which manufacturers are creating the bottleneck at the DoE?

    [i580.photobucket.com image 197x151]


    Working off of  DiA's prior comment:

    Dancin_In_Anson: There is a concerted effort on the part of a few manufacturers to keep the DoE from authorizing mass exports.

  • Solon Isonomia: Shostie: Solon Isonomia: Right, but which manufacturers are creating the bottleneck at the DoE?

    [i580.photobucket.com image 197x151]

    Working off of  DiA's prior comment:

    Dancin_In_Anson: There is a concerted effort on the part of a few manufacturers to keep the DoE from authorizing mass exports.


    Ah, that makes more sense.
  • Solon Isonomia: Right, but which manufacturers are creating the bottleneck at the DoE?


    Here is am article regarding this issue.

    And another.
  • Tempers are rising. Gas is burning. Drillers are drilling.

    Dealers keep dealin'
    Thieves keep thievin'
    Whores keep whorin'
    Junkies keep scorin'
    Trade is on the meat rack
    Strip joints full of hunchbacks
    biatches keep biatchin'
    Clap keeps itchin'
  • Solon Isonomia: GAT_00: Solon Isonomia: That's seriously wasteful, disgustingly wasteful

    Just standard business practice.  Why bother think for tomorrow when profit today is all that matters?

    Because some of your shareholders might want to look at the long game and know how to use their position to redirect the company in the direction they want. At least, that's the idea behind certain shareholder rights.


    And at the cost of what long term damage?  They don't give a fark about that.  The bottom line trumps all.  So what about waste?  So what about environmental damage?  As long as you make money, people like DIA will think it's somehow the greatest thing ever.  He doesn't care that this is the kind of shiat that's going to leave his grandchildren a ruined world.  He's can't think in long term.  Profit now is all he can see.
  • Dancin_In_Anson: Solon Isonomia: Right, but which manufacturers are creating the bottleneck at the DoE?

    Here is am article regarding this issue.

    And another.


    Ahhhh, so the fight is over the amount of exports. Hmm... one would think an improved infrastructure combined with the heaps of newly available natural gas would be an effective way to keep domestic prices stable while reaping a profit on the export market. Of course, that would assume infrastructure could be created in a timely manner and the brokers on the futures market don't create too many wild price spikes.
  • GAT_00: DEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEERRRRRRRRRRRRRRRRRRRR R RRRRRRP!


    You really need to sit this one out, son.


    Solon Isonomia: Ahhhh, so the fight is over the amount of exports. Hmm... one would think an improved infrastructure combined with the heaps of newly available natural gas would be an effective way to keep domestic prices stable while reaping a profit on the export market.


    One might think. The supply is strong enough to keep the price level domestically and achieving the goal of keeping prices of electricity from converted coal fired plants at or below current levels while reaping solid benefits on the national level from exports. Will prices go up for some manufactured goods that are produced using NG? Of course but not to a detriment IMO.
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