Western North America has overreacted to price signals and taken “drill, baby, drill” to an extreme, and as a result the region is saturated with natural gas production that outstrips the current prospective markets, according to a panel of western energy executives who spoke last Tuesday at the 2008 LDC Forum Rockies & West Conference in Irvine, CA. Current swift drops in wholesale gas prices will help, but volatility still adds continued uncertainty for buyers, the panelists said.
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West Awash in Gas and LNG Uncertain, Forum Told
Western North America has overreacted to price signals and taken “drill, baby, drill” to an extreme, and as a result the region is saturated with natural gas production that outstrips the current prospective markets, according to a panel of western energy executives speaking Tuesday at the 2008 LDC Forum Rockies & West Conference in Irvine, CA. Current swift drops in wholesale gas prices will help, but volatility still adds continued uncertainty for buyers, the panelists said.
November 13, 2008
Interior, NOIA Downplay Drawing of New Boundaries in Eastern Gulf
Sen. Bill Nelson (D-FL), a long-time critic of expanded oil and natural gas drilling, has overreacted to the Interior Department’s drawing of an administrative line that places the eastern boundary of offshore Louisiana in the natural gas-prone eastern Gulf of Mexico, said spokesmen for the Interior Department and the offshore industry Tuesday.
January 11, 2006
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