Pinging 2ndDiv!
This is absolutely the chance of a lifetime for young people to get in on the ground floor of an enormous industry breakout.
The President has said he is going to quash the Natural Gas deal that Germany has with Russia and America is going to sell NG to Europe. That NG will be liquified to LNG and put on special LNG ships which will form a fleet supplying the globe on a daily basis.
Korea too will buy every last ounce of NG it can get it hands on.
Study up!
Drill Baby, Drill!
I read this, ‘everything is coming up roses’ report and then go look at the price at local gas stations and something doesn’t make sense.
If production and capacity are at record levels, why are gas prices so relatively high?
Actual gas prices here in Aiken County, SC are up 12 cents in July and up 32 cents since February. How can that be explained given this report?
As long as I’m ranting :)... we need to stop burning our food and give up ethanol. Or at least cut it way back.
Thank you, DJT!
Peak Oil!
Winning!
Drill, Baby, Drill!
Yet we pay almost $3.00/gal. Bi whoop for nothing...
Petroleum demand highest since 2007.
Allow me to translate. The economy has FINALLY recovered from the Great Recession. Yes. Its taken this long. There was hardly any real recovery during the entire 8 years Obama was in office and was drowning business in a flood of new regulations.
And 0bama maintains his 1000 average of wrongness by saying you can’t just drill your way out of this.
We need more refineries to bring down the price of gasoline. Also get rid of the boutique blends.
I think we need a few “national security” refineries. Built on government land.
Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse.
Link: http://www.kitv.com/story/38665685/texas-to-pass-iraq-and-iran-as-worlds-no-3-oil-powerhouse