PSA 0.00% 2.1¢ petsec energy limited

really big sucking sound, page-7

  1. 3,353 Posts.
    re: really really big sucking sound yeah right, $2 gas prices. There would have to be on 'mother-fr' of a huge discovery in GOM for supply to increase to cause this, or perhaps 30-40M Yanks dying suddenly for demand to drop by that much.

    Nope, long term average I see as $5.

    The yanks are desperately short of gas, and with high oil prices (ie >$35 etc) then gas prices could not fall to $2 as gas is alternative fuel to oil. Most of the additional energy required to generate extra electircity as peak times is gas powered. And that demand is only growing, not decreasing.

    Way off the mark.
 
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