As the first shipments of LNG from the United State to Europe, South America, or Asia loom, the salient question is not the “volume question” (i.e., how many Btus or Bcf will be outward bound to an overseas destination) but rather the “basis question:” Will first shipments be profitable? Will any future shipments be […]
Why is it that oil and gas “experts” invariably attribute soft prices to “demand that didn’t materialize” rather than “low-cost supply that did materialize?” Producers in the oil and gas industry are intimately familiar with their own (and competitors’) supply endeavors and the cost to pursue them. They get the idea that “supply is […]
Russian gas has been shrouded in misconceptions, and its real nature can only be understood with an integrated world natural gas model that has significant detail in and around Russia. Energy experts have defaulted to assuming that Russia is an originator and source of natural gas exports to Europe. After all, it is assumed […]