Hi SF,
Everyone seems to be talking about a gas glut. They seem to forget the growth of the Asian countries which is huge, a big move to gas power generation and the fact that world conventional oil production is in permanent decline in 33 of the top 45 oil producing countries. A permanent reduction of 6.5% per annum. People should do the maths on that one.
Of course we are having numerous articles coming out of the USA about their oil and gas glut. But they should reflect on what China and India are up to. Their energy requirements dwarf any glut and demand destruction the USA are currently experiencing.
I am very glad I got some of my additional CR share request. Best of luck longs. It has been a very long wait. This shale opportunity should be a big boost for STX.
another good day ahead..??, page-13
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