[TommyJefferson]

$this->bbcode_second_pass_quote('Arkwright', 'F')ascism is such a useless term these days. So many definitions for it and no-one usually says what meaning they are using. Some I know people have used:

fascism is
a) attitude of people who wants sticter control over society
b) marxist definition: supporters of ruling class who engage in violence are fascist
c) general leftist term to slander whoever thinks differently
d) the historical Italian movement
e) economical arragement where goverment rules for the benefit of big corporations
f) everyone on the loser side of ww2
g) members of police and those who symphatise with them

And now this is new one for me.
h) share our wealth movement as fascism

[zeke]

saw this posted on a board today sort of as the lastest great big discovery which will save us....

not sure of the figures, but it sounds like a rehash of old gas now made much more attractive by spiking oil prices..

zeke

NY Times article on LA "gas rush"

[joeltrout]

It is a natural gas play that has nothing to do with spiking oil prices.

Natural gas prices are down over 30%.

However many mineral owners are making a lot of money on the leases. I talked to a landman who worked the area and was paying around $15,000/ac. and 25% royalty.

That can make somebody very rich very quick if a good gas well is completed on their minerals.

joeltrout

[copious.abundance]

Another thread on this here:
http://www.peakoil.com/fortopic38283.html

[copious.abundance]

Holy moly, this is the first time I've seen a figure for the entire play:
$this->bbcode_second_pass_quote('', 'N')obody knows for certain how big an area the Haynesville Shale covers — no government entity has mapped it. But energy companies and experts say it is large, possibly the largest in the lower 48 states, with an estimated 250 trillion cubic feet of recoverable gas. (Last year, the United States consumed 23 trillion feet.).

[the48thronin]

$this->bbcode_second_pass_quote('OilFinder2', 'H')oly moly, this is the first time I've seen a figure for the entire play:
Damn, that's a lot of gas.

[copious.abundance]

^


Except this is in NW Louisiana, which is Anglo country.

[zeke]

$this->bbcode_second_pass_quote('OilFinder2', 'B')ut energy companies and experts say it is large, possibly the largest in the lower 48 states, with an estimated 250 trillion cubic feet of recoverable gas. (Last year, the United States consumed 23 trillion feet.).

[3aidlillahi]

$this->bbcode_second_pass_quote('', '1')." energy companies and experts say..." OK. Let's have some names. Which companies? Which experts?

[ROCKMAN]

zeke,

Being a petroleum geologist for 33 years I can give you the oil patch definition of "probable reserves" (and all its other various forms): you have no proof that my number isn't right. It's difficult enough to be more than 70% accurate after having a field drilled up and on production. There is a SL of gas out there for sure. But, IMHO, you can judge anyone's number (high or low) as just a wild guess.

[joeltrout]

$this->bbcode_second_pass_quote('zeke', '
')
1." energy companies and experts say..." OK. Let's have some names. Which companies? Which experts?

[joeltrout]

Chesapeake sells Woodford Shale assets to focus more on Haynesville, Barnett, & Marcellus.

News Release

$this->bbcode_second_pass_quote('', '
')
Aubrey K. McClendon, Chesapeake's Chief Executive Officer, commented,
"There was substantial industry interest in our Woodford Shale asset
package and we are pleased to announce the sale of these properties to BP.
This transaction completes another aspect of our asset monetization program
and enables Chesapeake to redeploy capital to our Haynesville, Barnett and
Marcellus Shale plays and further improves the company's capital structure.

[zeke]

$this->bbcode_second_pass_quote('3aidlillahi', 'I') watched a segment on CNBC about this. They had the CEO from Chesapeake Energy. I imagine they are major players in the find or development. Said it's possibly the 4th largest in the world.

[joeltrout]

$this->bbcode_second_pass_quote('zeke', '
')But will prices drop way down now? or will they continue to be high bcs oil prices are high?

[zeke]

$this->bbcode_second_pass_quote('joeltrout', '?')????????????

Natural gas prices have dropped 34% since July 3rd.
Natural gas prices are tanking faster than California real estate.

joeltrout

[shortonoil]

ROCKMAN said:

$this->bbcode_second_pass_quote('', 'B')eing a petroleum geologist for 33 years I can give you the oil patch definition of "probable reserves" (and all its other various forms): you have no proof that my number isn't right. It's difficult enough to be more than 70% accurate after having a field drilled up and on production. There is a SL of gas out there for sure. But, IMHO, you can judge anyone's number (high or low) as just a wild guess.

[joeltrout]

$this->bbcode_second_pass_quote('zeke', '
')
Ah... well, I am not up on gas prices, so that is good to know...but in that article, they call it a "Gas Rush." You know, like a Gold Rush.

"Rush" suggests that "you better move glutes and cash in NOW while you have a chance"

And usually, there isn't a "rush" on something unless money can be made, which suggests prices which favor getting rich in a hurry.

Why else would the ppls' land suddenly skyrocket in value, or the land owners who were poor yesterday are millionaires today?

Does all of that that happen based on a commodity's falling prices?

Like I said, I don't claim to be an economics whiz.


zeke

[zeke]

$this->bbcode_second_pass_quote('shortonoil', 'U')sually this type of thing is more about promoters who want to sell stock and companies who want to run up their stock prices ahead of a new offering, than it is about increased resources.

[shortonoil]

zeke said:

$this->bbcode_second_pass_quote('', 'I') personally don't pay for a steak unless I get to SEE the actual steak first.

[joeltrout]

$this->bbcode_second_pass_quote('zeke', '')$this->bbcode_second_pass_quote('shortonoil', 'U')sually this type of thing is more about promoters who want to sell stock and companies who want to run up their stock prices ahead of a new offering, than it is about increased resources.