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1 posted on 04/11/2014 8:07:46 AM PDT by thackney
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To: thackney

For the last couple years production and reserves have gone up together.

that’s the first time in several years I’ve seen reserves decline while production increased.

A lot of people will come to the conclusion that the reserve decline had to do with production-—which would be entirely false.

The reserve decline has to do entirely with price—and also federal/state/local regulation. For example likely Marcellus scale natural gas lies under New York State that can’t currently be accessed. As well there’s a lot of federal lands that are not access able to drillers under the current regime.


2 posted on 04/11/2014 10:02:55 AM PDT by ckilmer
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To: thackney

For those who get colder, if heating fuel prices go up.

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http://www.richsoil.com/rocket-stove-mass-heater.jsp

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4 posted on 04/11/2014 12:24:31 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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