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Pops wrote:So why would they drill themselves into near bankruptcy?

It is what drillers do? The list of companies bankrupt or consumed by their better financed peers is a list longer than many of us have paper in the house I imagine, to the point where it seems to be part of the system, the hyping and flipping, the stable companies ending up running the board at the end. Once the majors left the US what you were left with was the big independents, with more than a little experience related to promotion.

Pops wrote:Simple, they were not drilling to secure gas but to secure leases - the right to drill. But one company has sold $15 billion of those leases this year alone on the strength of what are described by some as exaggerated claims.

If you had that $15 billion in your pocket, it is unlikely you would feel the claims were exaggerated. It is part of the game, and securing leases has a value which certainly isn't captured in a financial statement.

Pops wrote:Also note, at current consumption there are about 11 years worth of NG for sure, and 20 years probably - just because someone says it's there doesn't mean it will ever be burned.

What does "for sure" mean? Once upon a time we had 20 years of NG for sure...and then 20 years went by, and we then had that much (or even more) still laying around. "For sure" hasn't been very sure in the past.

Plantagenet wrote:I suggest you try traveling in Europe---you'll find they have this wonderful infrastructure there set up to facilitate what they call "mass transit".

There's no reason we couldn't do the same here in the US, if we had smarter policies out of DC.

DC is amazingly one of the places we have it!! A visit to the nations capital and you too can experience the wonders of not taking a personal fossil fueled device across huge swaths of a large metropolitan area.

Scottie wrote:DC is amazingly one of the places we have it!! A visit to the nations capital and you too can experience the wonders of not taking a personal fossil fueled device across huge swaths of a large metropolitan area.

No comparison. I have traveled Western Europe quite a bit and could visit most any small village by rail. Try doing that once you leave the boundaries of DC and the major Eastern corridor.

Lore wrote:

Scottie wrote:DC is amazingly one of the places we have it!! A visit to the nations capital and you too can experience the wonders of not taking a personal fossil fueled device across huge swaths of a large metropolitan area.

No comparison. I have traveled Western Europe quite a bit and could visit most any small village by rail. Try doing that once you leave the boundaries of DC and the major Eastern corridor.

That's true, but the question is why are you having to travel to all those villages ? Why not just stay in your own village ?

dinopello wrote:

Lore wrote:

Scottie wrote:DC is amazingly one of the places we have it!! A visit to the nations capital and you too can experience the wonders of not taking a personal fossil fueled device across huge swaths of a large metropolitan area.

No comparison. I have traveled Western Europe quite a bit and could visit most any small village by rail. Try doing that once you leave the boundaries of DC and the major Eastern corridor.

That's true, but the question is why are you having to travel to all those villages ? Why not just stay in your own village ?

For one thing, a lot of the people there got tired of marrying their cousins.

Lore wrote:For one thing, a lot of the people there got tired of marrying their cousins.

Sounds like West Virginia.