Posted on 04/10/2014 5:59:57 AM PDT by thackney
Bloomberg article so link only
My notes and highlights below
(Excerpt) Read more at fuelfix.com ...
That will kill the fracking boom too.......
Of course, the government could repeal the law that requires American-flagged ships to travel between American ports. It's just another sop to the dying labor unions, anyway.
“We had a big slick in Houston last night, but he left for Austin this morning.”
Wrong. We had a big dick in Houston last night (grubbing for more money), but he left for Austin this morning (thankfully). Funny how many champions of the poor in River Oaks can afford to attend a $16,000-per-plate fundraising dinner.
Nope! While it will have an effect, you’re ignoring the natural gas that will be needed to run the power plants that will replace the EPAed coal fired plants. And if Obama and Congress gets off their asses and move to get the federal government out of the way of LNG exports, there’s a huge overseas market that will take all we can supply to enable the Euro weenies to tell Russia to take their gas and pound sand.
You get both oil and natural gas from the same well. That ignores the propane, butane, ethane and pentane that often accompanies methane. There’s more money to be made than you know. That’s happening locally where the low price for methane means the wet gases still make it profitable to drill.
The other possibility is lower oil prices may increase demand by other users. Since we have excess refinery capacity, maybe consumers would buy more gasoline and drive more if the price dropped. What would cheaper fuels do for manufacturing and transportation? Get the point?
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