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2008-02-13 Home Front Economy

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Posted by Fred 2008-02-13 00:00|| || Front Page|| [11127 views ] Top

#1 Taking a cue from the anti-ANWR crowd -

Big deal. Even if we recover all of the theoretical total, it only amounts to 20 months, at current consumption. I did the math

Personally, I come from the "every little bit helps" school.

In other words, it is not a 'silver bullet', so why even put it in the ammo belt?

Posted by Bobby 2008-02-13 06:47|| 2008-02-13 06:47|| Front Page Top

#2 Yes, but its 20 months you can dump on the market when speculators run prices up. I sincerely believe that there is mechanism that needs to be in place to make sure such creatures are held to pay the peak price the bid or be banned from ever participating by self or front in the market, after their assets are seized.

Posted by Procopius2k 2008-02-13 07:39|| 2008-02-13 07:39|| Front Page Top

#3 No drilling in the Appalachia!!!!!!!!!!

We must protect the.........

Well, something must live there.

Posted by Kelly 2008-02-13 09:53|| 2008-02-13 09:53|| Front Page Top

#4 thats a 100 trillion worldwide, we could stop buying other ppls gas for awhile too if need be

Posted by sinse 2008-02-13 10:14|| 2008-02-13 10:14|| Front Page Top

#5 No drilling in the Appalachia!!!!!!!!!!

We must protect the.........

Well, something must live there.

Inbred Hill-Billies? (I are one, too!)

Posted by N guard 2008-02-13 10:18|| 2008-02-13 10:18|| Front Page Top

#6 If it's US supplies for 20 months, it's 20 % of US supplies for 100 months, or about 8 years. Which means, well, leverage to lower the price we get charged by others.

Y'all notice that the US Gulf Coast only produces a small percentage of global oil production, but when it got taken out by Katrina the global spot market price went up $ 20/bbl?

Posted by Abdominal Snowman 2008-02-13 10:56|| 2008-02-13 10:56|| Front Page Top

#7 I agree with all of you, and Fred's title. It'll be interesting to see if the discovery is trivialized, like ANWR, because it is not the 'silver bullet'.

More fossil fuels, more choices; I do not want even liberals to freeze to death in the dark.

Let me just re-think that last thought...

Posted by Bobby 2008-02-13 11:47|| 2008-02-13 11:47|| Front Page Top

#8 How much time do you need ?
Gas can be clean and ready to burn, or it can need some refinement, thus pushing up the cost. At any rate this is good news.

Posted by wxjames 2008-02-13 12:23|| 2008-02-13 12:23|| Front Page Top

#9 I come fromthat region - jsut move the firdges off the frint porch, and they'll be fine with a derrick and nat gas pump station in the yard.

Just dont mess with the dogs.

Posted by OldSpook 2008-02-13 12:30|| 2008-02-13 12:30|| Front Page Top

#10 Save it for a rainy day. Not kidding.

Posted by Icerigger 2008-02-13 13:42|| http://coonlakebeach.com]">[http://coonlakebeach.com] 2008-02-13 13:42|| Front Page Top

#11 Appalachia has tons and tons of coal. Coal breaks down into methane and water. I'm not surprised there's a huge gas field in the area. There are dozens of places in Colorado where people are beginning to tap into coal fields that have become unprofitable to mine, just for the natural gas.

A well-known petroleum scientist has said that decaying matter on the continental shelf is producing a trillion cubic feet of NEW natural gas every decade. I wish I could find the article again, and post it here. If he's right, we'll have an abundance of natural gas for generations to come.

Posted by Old Patriot">Old Patriot 2008-02-13 19:50|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2008-02-13 19:50|| Front Page Top

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