Watch this carefully: https://www.youtube.com/watch?v=HvzF6Z1u5e4
Adam is super bullish on natural gas. It is not years away. By this time next year, we could see much higher U.S. natural gas prices.
Bullish Outlook for Natural Gas
Bullish Outlook for Natural Gas
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Bullish Outlook for Natural Gas
Listening to Adam R and some Doomberg YouTubes my Sunday observations are as follows:
Investments in wind and solar will go down as one of the dumbest periods in energy history. A massive wealth transfer to China on the backs of our grandchildren.
Government mandates for EV’s should be immediately rescinded. The market place will soon discover that hybrids are a much better solution when the auto industry manufactures cars people want to buy.
Natural gas is a much better solution to replace electric generation for coal until the small modular reactors are accepted by people as being as safe and efficient as they are in reality. In 50 years have you heard of any disastrous incident with nuclear submarines?
The highest priority of infrastructure incentives should be rolling back burdensome regulations and incentivizing the expansion of gas pipelines and refurbishment of electrical grids. Government should get out of way and let the free markets work as they have so well for all major technology advancements in our country.
Oil shale fields have been a blessing to our country but many have already passed their peaks and the Permian will soon be rolling over. Thus we should not squander this valuable resource. New refineries should be promoted and allowed to be built that can process the lighter grades of oil coming from shale. Why ship our oil to Asia to be refined and then products shipped back.
In the meantime the Keystone pipeline should be reinstated to bring heavy crude from Canada to our refineries designed to handle the heavy grades.
Thinking beyond the next 6 months and beyond, the sensible investment assets to leave to our children and grandchildren are:
Marcellus shale companies who are now takeaway constrained but have vast resources: RRC, AR, EQT
Companies with large offshore oil fields that will be developed and produced long after the shale fields are on secondary revovery: XOM, HES, APA
Canadian tar sands producers who have decades of reserves with no decline: CNQ, Cenovus to name a couple
Lastly Uranium miners and producers
One day soon and before I am done people will realize that the current energy policies are founded on wishes and dreams of academics and political fanatics who have no experience with physics and how things really work.
That’s it.
Investments in wind and solar will go down as one of the dumbest periods in energy history. A massive wealth transfer to China on the backs of our grandchildren.
Government mandates for EV’s should be immediately rescinded. The market place will soon discover that hybrids are a much better solution when the auto industry manufactures cars people want to buy.
Natural gas is a much better solution to replace electric generation for coal until the small modular reactors are accepted by people as being as safe and efficient as they are in reality. In 50 years have you heard of any disastrous incident with nuclear submarines?
The highest priority of infrastructure incentives should be rolling back burdensome regulations and incentivizing the expansion of gas pipelines and refurbishment of electrical grids. Government should get out of way and let the free markets work as they have so well for all major technology advancements in our country.
Oil shale fields have been a blessing to our country but many have already passed their peaks and the Permian will soon be rolling over. Thus we should not squander this valuable resource. New refineries should be promoted and allowed to be built that can process the lighter grades of oil coming from shale. Why ship our oil to Asia to be refined and then products shipped back.
In the meantime the Keystone pipeline should be reinstated to bring heavy crude from Canada to our refineries designed to handle the heavy grades.
Thinking beyond the next 6 months and beyond, the sensible investment assets to leave to our children and grandchildren are:
Marcellus shale companies who are now takeaway constrained but have vast resources: RRC, AR, EQT
Companies with large offshore oil fields that will be developed and produced long after the shale fields are on secondary revovery: XOM, HES, APA
Canadian tar sands producers who have decades of reserves with no decline: CNQ, Cenovus to name a couple
Lastly Uranium miners and producers
One day soon and before I am done people will realize that the current energy policies are founded on wishes and dreams of academics and political fanatics who have no experience with physics and how things really work.
That’s it.
Re: Bullish Outlook for Natural Gas
Chuck, you are right. But unfortunately it may take decades for you to be right and our country may be beyond hope by then.
Re: Bullish Outlook for Natural Gas
Can’t give up hope for the sake of my children and grandchildren. This is the legacy I hope to leave them rather than a Chinese dictionary. I realize this is long term ideals and for me the Sweet 16 works great. Nonetheless the world runs on energy and the ones enumerated will eventually be obviously the only way unless people become satisfied with skateboards, bicycles, and wooden ships as their means of travel.
Re: Bullish Outlook for Natural Gas
I also have children and grandchildren. I fear for them. Our country is run by idiots and there are too many idiot voters.
Re: Bullish Outlook for Natural Gas
Chuck:
Very well said. I tell my two sons that we have been blessed to have lived in the "Hydrocarbon Age". The increased standard of living for humans began when we figured out that oil from the ground was more abundant than oil from whales.
We still have massive natural gas reserves. Instead of EVs we should be transitioning to more trucks running on CNG.
Hydrogen is probably the next myth they will try to sell to the "cattle".
All of you should watch this round table discussion: https://www.youtube.com/watch?v=xrAoILT4iOo
Very well said. I tell my two sons that we have been blessed to have lived in the "Hydrocarbon Age". The increased standard of living for humans began when we figured out that oil from the ground was more abundant than oil from whales.
We still have massive natural gas reserves. Instead of EVs we should be transitioning to more trucks running on CNG.
Hydrogen is probably the next myth they will try to sell to the "cattle".
All of you should watch this round table discussion: https://www.youtube.com/watch?v=xrAoILT4iOo
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Bullish Outlook for Natural Gas
Running trucks on CNG was exactly what Boone Pickens preached for years before passing. It was a brilliant idea that got lost in the DC swamp. You see public buses, airports shuttles, and some UPS trucks running on gas but as you say it is a no brainer solution that wait for it "cuts carbon emissions".
Re: Bullish Outlook for Natural Gas
I went to a daylong meeting at Rice University about ten years ago focused on how the U.S. could benefit from the vast amount of recoverable gas we had thanks to horizontal drilling and fracking. At the time, over a 100 years of recoverable natural gas had been confirmed in Appalachia (since then another 100 years of supply has been confirmed). Lots of trucking companies sent attendees.
It was then estimated that converting 50% of the U.S.18-wheeler trucks to run on CNG would totally eliminate U.S. dependence on oil imports from OPEC and significantly reduce carbon emissions.
The trucking industry was concerned that trucks would need to refuel more often and that there would need to be a lot more CNG refueling stations added; not a problem east of the Rockies since 90% of truck stops are within a few miles of natural gas pipelines. Once the CNG refueling stations were in place (at a cost that is a small fraction of the money being pissed away in Ukraine), converting big trucks to run on CNG could be done quickly (again at a fraction of the money we piss away each day on bombs.)
Since we have idiots running our nation's energy strategy (many who hate the oil & gas industry), the great idea died.
MY TAKES:
> Any ideas that benefit the U.S. oil & gas industry die in Washington.
> We will continue to fund foreign wars because we have weapons manufacturers that have a lot of control in Washington.
> Many of those supporting The Green New deal are not Climate Change Wackos. They just know that the FEAR of Climate Change serves their purpose of controlling the population.
> My HOPE is that The Big Paradigm Shift (from wind & solar nonsense back to fossil fuels) will get enough "believers" to save the country.
It was then estimated that converting 50% of the U.S.18-wheeler trucks to run on CNG would totally eliminate U.S. dependence on oil imports from OPEC and significantly reduce carbon emissions.
The trucking industry was concerned that trucks would need to refuel more often and that there would need to be a lot more CNG refueling stations added; not a problem east of the Rockies since 90% of truck stops are within a few miles of natural gas pipelines. Once the CNG refueling stations were in place (at a cost that is a small fraction of the money being pissed away in Ukraine), converting big trucks to run on CNG could be done quickly (again at a fraction of the money we piss away each day on bombs.)
Since we have idiots running our nation's energy strategy (many who hate the oil & gas industry), the great idea died.
MY TAKES:
> Any ideas that benefit the U.S. oil & gas industry die in Washington.
> We will continue to fund foreign wars because we have weapons manufacturers that have a lot of control in Washington.
> Many of those supporting The Green New deal are not Climate Change Wackos. They just know that the FEAR of Climate Change serves their purpose of controlling the population.
> My HOPE is that The Big Paradigm Shift (from wind & solar nonsense back to fossil fuels) will get enough "believers" to save the country.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group