fresh gas hit adds to kitty in poseidon area, page-63

  1. 1,077 Posts.
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    On oil and gas prices just a couple of of facts to the positive such as any oily geopolitical disruption as is current from Syria and Egypt seems to suggest otherwise. And, if the US is so dominant and china not consuming enough then a couple of counties with a little strife should not affect too much, but they have, or have they?
    Japan moving away from Nuclear is perhaps another glass half full for gas contracts and think I heard the Japs are writing as many as they can at the moment.
    Inpex is selling just to itself I think..No?
    To the contrary I have read that shale is more expensive to extract and due to that it prices itself out to move it across the world.
    Fact! Current barrel oil is well over the $100 bucks.
    Also if there is sustained growth, and the world is currently emerging if you look at stock markets and growth figures generally then there will obviously be growing economic activity. If so then raw materials will be in vogue and on the move again so the world needs more energy to convert that ore to finished products and jobs will grow and houses, buildings, manufacturing centers will be built and so on. Hence the $AUD has rallied back to 95c lately!
    Also the Chinese will have to continually convert to gas from coal as fast as they can for environmental reasons and gas of course will be required in quite large quantities as power stations are converted or rebuilt. India and other Asian nations are following and Asia generally is still a vibrant economic Center on our doorstep which puts us right in the slot.
    Can think of a few others but really I am just a numpty who has read a couple of headlines in the Australian
 
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