Here are the Top Dozen Oil & Gas stories for May 12, 2017, taken directly from the @GDBlackmon Twitter Feed:
This piece claims natural gas prices are going to go “a lot higher” in the near future, but you shouldn’t get excited about that prospect. The price probably will rise in the near future, but not “a lot”. Why? Because as soon as the price gets above $3.50/mcf, you’re going to see the industry activate a bunch of new drilling rigs and drill itself back down to a lower price. Our country is simply awash in natural gas reserves, reserves so enormous that it’s hard to wrap your mind around just how much gas there really is. There is too much excess production capacity available for the price to rise by “a lot.” Sorry, that’s just the reality of the situation.: 3 Reasons Natural Gas Is Heading A Lot Higher #oilprice
The smart money’s on ‘not’, because the Permian Basin boom isn’t slowing down.: Pipeline capacity may or may not be enough via @mwtnews
Love that tightenting feeling…: Oil prices stabilize after two-day rally on signs of tightening market
#GodBlessTexas: Dow Chemical to spend $4 billion in Texas, Michigan and Europe expansions via @HoustonChron
Good analysis here.: Apache’s Alpine High Starts To Deliver
Noooo, you think?: Oil and gas has a popularity problem via @HoustonChron
Better make ’em deeper too.: Oil producers have consensus to extend production cuts, two OPEC members say
We’d all prefer the upside, if you don’t mind.: Goldman On Commodities: Upside & Downside For Oil @BarronsOnline
Cool.: Texas Legislature approves Pioneer, City of Midland agreement
ummm…no. Next question.: Could Electric Vehicles Kill Alberta Oil Sands Industry?
What a shame.: Tillerson says US won’t be rushed on climate change policies via @expressnews
You don’t say…: EPA chief: Obama was no ‘environmental savior’
That’s all for today. Check back in tomorrow for another dozen Things You Need To Know In Oil And Gas.
