Posted on 12/03/2010 11:55:10 AM PST by grace522
Stories keep rolling in about the booming economy in a faraway land.
Tales of jobs, new construction on every corner, more jobs, hotels booked for a year, office space — long vacant — now renting for the highest prices ever fetched, and even more jobs. Yet despite years of growth, the influx of foreign capital hasn’t subsided, but in fact, continues to exponentially increase. Combined, all these things have created a climate so healthy that taxes haven’t risen in eight years. As with Doubting Thomas, something this good must be seen to be believed.
So as my trip was being arranged, I was asked the duration of my flight to China, and how long I’d be away. As to the second question, the same day. I can’t answer the first, because it’s based on a false assumption. I was, most definitely, not going to China.
(Excerpt) Read more at blogs.phillymag.com ...
A focused effort to establish energy independence would turn this economy around so fast we’d get whiplash.
All they have to do is clear away the regulatory hurdles and then look out, here it comes.
Good article,the shale gas is a boom for small towns and local governments, just check Coushatta Louisiana. There is a glut of gas right now 3.05 thousand and storage is full but if the economy picks up after Obama is out of office then gas will boom in the shale areas.
I’m waiting for it to go south of Zwolle. We are about 10 miles south of the southern most permitted well.
http://dnr.louisiana.gov/haynesvilleshale/haynesville.pdf
If he learned to go to his right, he could be.
During 2008, landmen pored over records and knocked on doors. Going rates for leases skyrocketed from $250 per acre to $27,000. Before the price of gas dropped, some mineral rights reportedly went for $30,000 per acre with 30 percent royalty.
The Haynesville Shale play, with its prospects for a huge natural gas supply, has made overnight millionaires out of some common ordinary working people and, as one landman quipped locally, may “make billionaires out of millionaires.”
http://www.fwbog.com/index.php?page=article&article=107
He recently signed a deal to permit the extraction of natural gas from his land.
He gets an up front payment of several hundred thousand and an annual payment based on production and pricing.
He had to give up right of ways and has the gas wells over his property, but for him it was a good decision.
The gas production company obviously will make money, and during the past 24 months, due to the increased supply of gas, my winter gas bill has gone down from over $ 400/month to less than $200/month.
The supply and demand curve still works.
Shale is clay that has turned to rock.
Cassius Marcellus Clay used his energy to turn his opponents to mush.
The Marcellus Shale will turn into energy (if the mush-brained politicians will allow us to mine it).
What’s a Confuser Saleman, retired or not?
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