[lbo-talk] Clarification of the Huge Chevron Gulf Oil

Mike Ballard swillsqueal at yahoo.com.au
Thu Sep 7 15:12:06 PDT 2006


Steve wrote:

. The wells are most likely mainly natural gas, as they are very deep. All estimates are in barrels of oil equivalent. Oil tends to form closer to the surface, gas deeper. Therefore the discovery is likely to impact natural gas markets, not oil, if the gas exists in meaningful quantities. . The wells are most likely mainly natural gas, as they are very deep. All estimates are in barrels of oil equivalent. Oil tends to form closer to the surface, gas deeper. Therefore the discovery is likely to impact natural gas markets, not oil, if the gas exists in meaningful quantities.

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Point of information:

Natural would affect the market of oil if it was used to power

cars:

http://www.greencarcongress.com/natural_gas/index.html

Best,

Mike B)

Read "Penguins in Bondage": http://happystiletto.blogspot.com/

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