Comments on: Palin’s “Hungry Markets” Not So Hungry. (Updated – Andrew Halcro Weighs In)

By: ENOUGHwiththetrainwreck

ENOUGHwiththetrainwreck — Tue, 16 Jun 2009 20:54:30 +0000

EnCana Corp. CEO Randy Eresman said on Monday the company has shut-in wells producing a couple of hundred million cubic feet of natural gas in each of Canada and the United States because of low prices for the fuel.

[snip] Speaking to reporters at an investment conference, Eresman said EnCana, North America’s largest natural gas producer, has chosen not to bring some new wells on stream and has shut in other wells where it costs more to produce the gas than it can be sold for.

“In some cases, we’re getting below the lifting costs. You more or less have to shut them down,” he said.

http://www.edmontonjournal.com/business/fp/EnCana+shuts+wells+prices/1699652/story.html

comment: that there would be your hungry market being “not hungry”

By: Kallie

Kallie — Tue, 16 Jun 2009 16:39:33 +0000

We don’t want your natural gas, Sarah. Have you tried to sell it to Russia?

By: Joe BLow

Joe BLow — Tue, 16 Jun 2009 14:16:15 +0000

“The two primary rivers which will be affected are the Susquehanna and Ohio.”

well actually I am talking about the piece that runs through Wayne county up into new york. crosses right through the delaware

but sure sus-q county has alot more activity. and so does broome in NY.

By: justafarmer

justafarmer — Tue, 16 Jun 2009 05:18:11 +0000

my last post tonight (waaay late here…)
When I bought my Kentucky Home farm, I asked for a title search. None of the lawyers here knew what that was! I directed the lawyer to look for any and all liens AND who owned mineral rights. If I did not have mineral rights, the land deal was off.
Guess what????
All of the mineral rights to my farm were leased out back the 1960s for $1 an acre a year.
Guess what?
The mining company NEVER paid a DIME EVER on any of those leases (NEVER!), but the leases were still legally valid four decades later.
Except i instructed my lawyer to get that bogus lease vacated. Which he did and in the process learned that all of HIS lands were also held hostage by this lease and just about everyone of his clients.
Forewarned is forearmed,

By: Polly

Polly — Tue, 16 Jun 2009 04:49:11 +0000

I Like Gramiam’s suggestion. — “Sarah Who?” –

By: KaJo

KaJo — Tue, 16 Jun 2009 04:45:43 +0000

From June 2008: “…the (court) decision could sour already testy relations between the oil industry and Alaska Gov. Sarah Palin, a Republican. “I am extremely disappointed,” she said in a statement. “The Court gutted the jury’s decision on punitive damages.”

I wonder, after getting into bed with Exxon in the AGIA deal last week, will this cause Palin to leap right out of bed again and applaud this court decision? Or will she be her same old hypocritical self, and be a silent partner to Exxon when she should really speak up?

(as in so many other issues that affect individual Alaskans that she remains silent on, or says one thing and does another)

By: justafarmer

justafarmer — Tue, 16 Jun 2009 04:37:03 +0000

@CO almost a native:
I can definitely understand the health probs. I’ve seen it in the fish in the Ohio River since the 1960s (don’t eat what you catch!).
But I’ve also experienced the little quakes and the subsidence. Far as I’m concerned, fracking will definitely cause subsidence and, as a result, sinkholes and/or quakes depending on the local geology.

By: mpb

mpb — Tue, 16 Jun 2009 04:35:24 +0000

Ben Muse's site on Arctic Economics has always been an interesting reference. Click on the Oil and Gas tag. 25% of the World's Undiscovered Oil and Gas North of the Arctic Circle? Maybe, Maybe Not.

By: CO almost native

CO almost native — Tue, 16 Jun 2009 04:32:35 +0000

OT:
Letterman is on; his intro was hilarious- “how many of you are here to see if I insult someone else?” Said anyone could use a bag of his hate mail if they couldn’t rent a beach chair. Compared the reactions to the Iranian election to his own situation…classic David Letterman.

By: CO almost native

CO almost native — Tue, 16 Jun 2009 04:16:06 +0000

@justafarmer #123:

We haven’t had earthquakes related to the shale oil pilot projects in Colorado, but there have been clustering of severe health problems: cancers and other diseases. Companies say there’s no connection, but they are still refusing to disclose what chemicals are used. The other big issue is the amount of water needed- we don’t have enough here in the High Plains Desert. I think the state will refuse to issue any more permits, until these major problems are addressed.