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An integrated energy company, which explore for acquire, develop, produce and market crude oil and natural gas, transport and refine crude oil and market petroleum and petrochemical products.
oil sands will soon be uneconomical to recover .excess supply will crush the price of oil ....and demand isn't looking too hot either
the country isn't ready yet for gas,5 years maybe, there are fuel stations where? California, Flordia, New York. the big trucking co's have there own terminals, they're set already. the last time I looked we have 50 states to cover. the only pipeline that is up to date is Keystone, the rest, most are 40-50 yrs old. R/R's how many miles are made into trails and bike paths with picnic tables, outhouses, welcome centers. all have to be rebuilt, just think about it
all valid points...but remember that we are exporting gasoline and that will bring down Brent oil prices globally...it has more to do with that than whether we are actually at the point of Utilizing Ng as a replacement fuel for gas. Expect that dual purpose vehicles will start becoming more normal though..FSYS builds them and sells them to car companies..its just a matter of time ...the ultimate question of course is...how long will it take...I say 2 years and it starts becoming widespread...5 years for full saturation...as far as pipelines go..there are more than that ...WPZ and DCP are my current favorites on the pipeline side of things..but I guess we will see how this plays out..scott
in 5-10 years, who cares, grab what you can while you can
You must have a crystal ball!!
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