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View Diary: Shale Gas Bubble About to Burst: Art Berman, Bill Powers (89 comments)

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  •  care to explain your point? (3+ / 0-)
    Recommended by:
    Mr Robert, sebastianguy99, svboston

    I'd love to hear another side to this.

    America could have chosen to be the worlds doctor, or grocer. We choose instead to be her policeman. pity

    by cacamp on Thu Nov 22, 2012 at 08:32:55 PM PST

    [ Parent ]

    •  the price of natural gas (1+ / 0-)
      Recommended by:
      cacamp

      collapsed this spring because there was real concern that overproduction would max out the potential storage capacity in the u.s. before the winter heating season.

      the reported volumes in storage accumulation each week is defined as the amount of production less consumption.  the fact is that natural gas is way way way oversupplied right now and if the winter heating season is less than normal we will likely exceed our maximum storage capacity.

      in addition, companies are spending billions of dollars in the south coast preparing for eventual exportation of LNG so this CT diary is pretty bogus as far as I can tell.

      http://ir.eia.gov/...

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