us shale gas boom about to go bust, page-11

  1. 6,072 Posts.
    Mihal,

    Chesapeake, Encana and ConocoPhillips shutting down wells, BHP halting expansion plans tells the story really. These companies are curbing production to intentionally get natural gas prices up. Less production = more demand. More demand = less supply and higher prices.

    Natural gas highest since February

    Today's price of natural gas is $2.48 and hit a high last night of $2.52. Some say this is just a rally but I firmly believe it is a recovery on the way to over $4.00 by end of the year.

    Photobucket

    China is still building 1 to 2 x 500MW coal fired plants every week.

    COAL is KING forever in our lifetime.
 
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