Everyone had at great time at the coalition barbeque last Sunday .We all thank the Hellers and Ballards for their efforts to make it a success. I came across this fact about the value of natural drilling in National Review. The latest spot price for natural gas at the Henry Hub in Louisiana is about $4.40. To make the math easy, let’s call it $4. Over the four-year period from 2005 to 2008, U.S.natural-gas prices averaged about $7 per thousand cubic feet. That price reduction is now saving American consumers about $60 billion per year, or about $180 million per day.
So much for the Anti’s rant that only the landowners benefit from the Marcellus Shale play. Neil.