Gigantic

The natural gas oversupply bubble, driven by gigantic growth in shale gas, could spread around the world, becoming a game changer for almost everyone, according to Jim Duncan, director for market analysis at ConocoPhillips Gas and Power.

All the indicators are that the natural gas industry is headed into a huge oversupply, fueled by flat demand and continued gigantic growth in shale gas. Speakers touched on a developing supply bubble in different ways during the opening day Tuesday of the “LDC Forum: Rockies and the West” conference in Los Angeles, noting that it will require some creative marketing to pump up demand.

Added LNG receiving terminal capacity coming on line over the last year “makes the United States a “gigantic gateway” for global LNG trade, according to the head of Gazprom’s U.S. marketing/trading operations, John Hattenberger.

Shooting higher in Access trading and again in the regular session, November futures on Wednesday morning broke through the psychological $7 level and kept on going.

Like everyone else in the United States, we at Intelligence Press are struggling to make sense of this gigantic catastrophe, which has struck at the very foundation of this nation. Our sympathy and condolences go out to those who have suffered and lost loved ones in New York, Washington and Southwest Pennsylvania. As are many others, we are making a financial contribution to the recovery process. We also offer, in our first editorial in 21 years of publishing, a way that every American can show help to show the world our confidence in and support of this country and the American way of life.

Like everyone else in the United States, we at Intelligence Press are struggling to make sense of this gigantic catastrophe which has struck at the very foundation of this nation. Our sympathy and condolences go out to those who have suffered and lost loved ones in New York, Washington and Southwest Pennsylvania. As are many others, we are making a financial contribution to the recovery process. We also offer this, our first editorial in 21 years of publishing, as support for the bruised and battered spirits of all Americans.