|Death of a thousand cuts brought to you by natural gas below 2.00. |
Who would have thought.
I have a retired acquaintance who is fracing in Texas.
The natural gas that is being lost due to pipeline tie in problems of liquid fracking operations is being monitored by the EPA.
You can only flare or vent off so much per day/week.
A successful oil well's production is being capped by the gas it can flare/vent into the air.
This oil biproduct is what I think killed the natural gas fracing.
Excess gas made many go after oil as it had the higher price.
Then to every one's surprise they got both oil and gas at the same time - thus the price decline.
Now it takes all energy alternatives down with it.
NLG is creating a turn in industrial businesses of all types as well.
oil,ngl,housing,ag products (as fertilizers get cheap),auto's turning up.
All mini booms that collectively have us doing better than most realize.
Romney taming Florida's recovery talk.
Economic growth queered by politics - we can never win.
But the inevitable will surface - after November.
Unless it becomes apparent Romney will run over Obama - then we might just have a historic run up.
I guess that's dreaming.LOL