Professor Mark J. Perry's Blog for Economics and Finance
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
9 Comments:
Natural gas price trends are incredible for U.S. consumers.
So, what about price trends for Russian natural gas?
Here is a ten yer price chart for Russsian gas at the German border.
Then, you might ask about Indonesian Liquified Natural Gas(LNG), or not, but it's still interesting. Take a look at the
120 month price chart for LNG in Japan.
In a couple of years, U.S. and Canadian nat gas will be liquified and shipped to Asia, and possibly Western Europe, in massive quantities.
In a couple of years, U.S. and Canadian nat gas will be liquified and shipped to Asia, and possibly Western Europe, in massive quantities.
And the problem is?
time for a govt subsidy:
http://www.huffingtonpost.com/2012/03/06/democrats-natural-gas-subsidies-senate-transportation-bill_n_1324367.html
rjs: "time for a govt subsidy:"
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T. Boone Pickens working productively with Senate Majority Leader Harry Reid is something to be feared more than terrorists or global warming.
"And the problem is?"
Problem?
I was pointing out opportunity Jon, and I am surprised you might would construe differently.
I was pointing out opportunity Jon, and I am surprised you might would construe differently.
My mistake! I was agreeing with you! I was just suggesting that people will find a problem with that. I really should have been more clear! Man, communicating is hard when one cannot see the other!
Jon, I understand now, and I too, often have communication problems in e-mails and comments. You are right that people will have a problem with nat gas exports. I don't hear complaints about huge wheat and soybean exports.
On Youtube: Gas Prices Explained
Natural gas price trends are incredible for U.S. consumers.
The problem is that at current prices shale gas investors are getting killed. With producers going bankrupt how will consumers get their gas?
In a couple of years, U.S. and Canadian nat gas will be liquified and shipped to Asia, and possibly Western Europe, in massive quantities.
No chance of that ever happening. Shale gas production consumes about as much energy as is produced. Liquefy that gas and you lose around 30% of that energy. The last time I checked with real economists as opposed to naive promoters you needed a positive return to make money.
This is one big bubble. Why can't people see the obvious?
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