Friday, July 22, 2011

Great meeting at the Hellers

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.

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