I was just doing some research on US gas prices/demand, future of gas prices , ect...Obama is pushing the US to start making use of their natural gas resources,,,here are a few relevant comments I think may help to push gas prices up in years to come,,,MDA is risky but if they get some producion going, bit of cash flow it could be worth all the drama,,,
30 may 2011----NEW YORK ? Natural gas prices climbed more than 2 percent on Wednesday as President Barack Obama said he wanted the U.S. to use more of it instead of foreign oil. Forecasts for colder weather also pushed up prices.
Obama announced that he wants to cut the country's oil imports by a third by 2025. The president touted a series of initiatives, emphasizing that the U.S. could rely more on its own natural gas and biofuels to generate electricity and to power vehicles.
Fadel Gheit, an energy analyst with Oppenheimer & Co., said the president's energy strategy makes sense: "We have abundance of natural gas in this country and the best technology in the world. We should capitalize on that."
Shares of natural gas companies Chesapeake Energy Corp., Range Resources Corp., EQT Corp. and Energen Corp. rose throughout the day. Chesapeake and Range shares gained about 3 percent
Michael Lynch, president of Strategic Energy & Economic Research, said Obama's continued endorsement of natural gas drilling will convince investors to be more bullish about natural gas. Still, government policies usually don't affect short-term supply or consumption. Most traders are keeping a closer eye on the weather, which is expected to remain unseasonably chilly across much of the U.S. in April
DYOR but long term I think natural gas is way to go,,,its way too cheap at moment if you compare it to price of Oil and Coal...plenty upside for those with some patience...these coments made by Obama yesterday may help the Gas explorers in the future,,,I am no oil or gas expert but with news of production on the way,,,maybe a good time to get some MDA,,,I got more today,,,holding thumbs
MDA Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
