[BOBTHENAILER]

I think gas prices are going to remain high for many years. Demand keeps increasing, and the enviros make it increasingly difficult to drill.

Agrees with most everything I see, hear and read; long or short term. Maybe we can finally have some price security.

The pipeline you describe is at least 5 years away, no?, if they started today and the only other relief in sight is LNG, but not until late 2005.

That is, of course, if the Shrillary's of the world will let them be built.

[Dog Gone]

I guess I'd be surprised if the Alaska gas pipeline is completed within 10 years. It's a very expensive and ambitious project. Leaving the environmental and political obstacles aside for the moment, it's a very high risk investment for an oil company to make.

It only makes sense to do if the company can recoup its investment in building it, but completion of it will flood the market with gas, dropping the price per mcf. That's why there has been discussion about setting a "floor" price for the gas, so that if gas drops below that level, the oil company will get a tax credit equal to the difference.

[bruinbirdman]

LNG is old hat. Don't bet on it.

The future for North America lies in the sand.

yitbos