Jan

15

Gas, from Alan Millhone

January 15, 2015 |

I notice that the Dow is down already and I note that gas is 1.86 this morning overnight from 1.92 here in Southern Ohio. Many empty rentals around my area. Many people, due to oil production in my area, have been been priced out of renting. I have several empty units but have found over the years people don't move over the holidays nor the cold winter months unless evicted or just moving into the area.

A complete background check will sort through any of those issues.

Gary Rogan writes:

There is enormous destruction going on of all kinds of daring, innovative oil drillers, the best of the best, which will produce damage that may last many years, as well as many traditional oil, infrastructure, transportation, etc, etc, companies but all people care about is the price of gas. Isn't that selfish?

Pitt T. Maner III writes: 

It will be interesting to see the impacts to natural gas supplies as the number of drill rigs in operation decreases.

"In fact, the current natural gas rig count remains 80% below its all-time high of 1,606 reached in late summer 2008. In the year-ago period, there were 372 active natural gas rigs." 

This paper gives an idea of the relationship between drilling new wells and production.


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