Boone Pickens was on CNBC just now...he had this to say:
- $4 gasoline killed demand.....$4 was the price that killed demand for gas
- If Opec wants to support the price for Oil....they will balance the market for Oil.
- I want to get wind and solar energy started
- Natural Gas to fuel vehicles...as well as batteries.....the battery only does vehicles...it won't move an 18 wheeler. Natural Gas is the cleanest burning fuel.
- We are not going to drill our way out of this but it will help!
- 30% of transportation fuel used in America is used to move goods from one place to another ( via trucks )
- Companies need incentives to switch over to Natural Gas as a transportation fuel
Showing posts with label Boone Pickens. Show all posts
Showing posts with label Boone Pickens. Show all posts
Tuesday, September 9, 2008
Wednesday, September 3, 2008
Haynesville Shale - Natural Gas Prices - Boone Pickens 9/03/08
Natural Gas prices have plummeted over the past few months going from $14 to the mid $7's. The question is, is the Haynesville Shale still economical to drill if Natural Gas falls even further?
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Friday, August 8, 2008
T. Boone Pickens - CNBC 8/08/08 Natural Gas - Oil
This morning Boone Pickens was on CNBC talking about www.pickenplan.com his website for reducing our dependency on foreign oil.
T. Boone Pickens has been saying he wants to convince congress that we should switch to Natural Gas as transportation fuel like Gazprom is doing in Europe. Iran is actually switching over to Natural Gas fuel while exporting Oil. Boone Pickens says now is the time....and we need to get this underway soon so in five years we can rely on Natural Gas rather then oil for transportation fuel. ( If you are not aware, Oil is used to produce Gasoline that runs your cars )
This would bode well for the Haynesville shale and the Companies that are drilling this shale
Boone Pickens Oil Prediction - $4 gasoline is to much...demand destruction has come....its going on all over the world especially Europe. Gasoline goes back to $3.50, and then the trend starts back higher again. ( The same thing for Oil )
Boone Pickens is still long Oil through options....he still thinks we can go lower but eventually we will move back higher in oil prices.
T. Boone Pickens has been saying he wants to convince congress that we should switch to Natural Gas as transportation fuel like Gazprom is doing in Europe. Iran is actually switching over to Natural Gas fuel while exporting Oil. Boone Pickens says now is the time....and we need to get this underway soon so in five years we can rely on Natural Gas rather then oil for transportation fuel. ( If you are not aware, Oil is used to produce Gasoline that runs your cars )
This would bode well for the Haynesville shale and the Companies that are drilling this shale
Boone Pickens Oil Prediction - $4 gasoline is to much...demand destruction has come....its going on all over the world especially Europe. Gasoline goes back to $3.50, and then the trend starts back higher again. ( The same thing for Oil )
Boone Pickens is still long Oil through options....he still thinks we can go lower but eventually we will move back higher in oil prices.
Tuesday, July 8, 2008
Boone Pickens CNBC 7-8-08 Wind
700 Billion dollars worth of Oil we import every year
We import 70% of what we use regarding Oil
Our Oil consumption has put us near disaster
Boone is ready to go drill everywhere to get us out of this mess, OCS, everywhere
Oil, Coal, Natural Gas, Biofuels, Wind, Solar, Hydrogen, Nuclear ...a list of our Natural Resources
Boone says the USA is the Saudi Arabia of Wind Power
The Plan.... Build Wind Farms, Use Natural Gas for Car Fuel
Look at Sweatwater Texas Wind Farms - Pampa Texas - Shell
We could have 200,000 megawatts by 2010 if we push wind power
The Plan.... Use Natural Gas - We could reduce the 700 Billion in Oil every year by 38%....we can do this by 2015-2020
For more on the Alaska Oil Field - ANWAR go to this website!
http://www.oilshalegas.com/alaskaoilanwar.html
We import 70% of what we use regarding Oil
Our Oil consumption has put us near disaster
Boone is ready to go drill everywhere to get us out of this mess, OCS, everywhere
Oil, Coal, Natural Gas, Biofuels, Wind, Solar, Hydrogen, Nuclear ...a list of our Natural Resources
Boone says the USA is the Saudi Arabia of Wind Power
The Plan.... Build Wind Farms, Use Natural Gas for Car Fuel
Look at Sweatwater Texas Wind Farms - Pampa Texas - Shell
We could have 200,000 megawatts by 2010 if we push wind power
The Plan.... Use Natural Gas - We could reduce the 700 Billion in Oil every year by 38%....we can do this by 2015-2020
For more on the Alaska Oil Field - ANWAR go to this website!
http://www.oilshalegas.com/alaskaoilanwar.html
Subscribe to:
Posts (Atom)
