Does declining gas exploration indicate a price "explosion" or just a new equilibrium?
A few interesting points came out of the follow-up discussion on my prior post, in which I argued that, contra Rod Adams, natural gas prices are not set to "explode" anytime soon.
Meredith Angwin of Yes Vermont Yankee made a keen observation that over the last year, the number of new natural gas exploratory wells is collapsing. Why is this happening? Namely because of the cratering current price of natural gas.http://neutroneconomy.blogspot.com/2012/09/does-declining-gas-exploration-indicate.html
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