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Falling natural gas prices may slow fracking issue in New York
It all raises the question: Has New York missed the gas-drilling boom?
Most experts say no, but several said low natural-gas prices could have an effect on the pace drillers set in New York should the state allow high-volume hydrofracking.
Which natural gas boom? There are so many to choose from.
Low natural-gas prices? Natural gas is pretty much right on the long-term inflation adjusted median.
Click to enlarge.
Call me skeptical, but did New York (Wall Street) really miss the natural gas bubbles of 2001, 2003, 2005, and 2008? All four of them? Seriously?
The awkward silence is deafening. Must... break... the... ice.
"Lots of weather we've been having lately!"
In all seriousness, if we can't even hyperinflate natural gas long-term then what are the odds that we can hyperinflate our wages, our housing markets, and/or the contents of our wheelbarrows?
Source Data:
EIA: Natural Gas
St. Louis Fed: CPI
2 comments:
Stag,
I don't know about you, but I find it very comforting that our credit money system is so effective at creating bubbles in just about everything but real wages and actual economic output.
And then there's the "dual" mandate myth. What a crock!
Wall St. finance is all a big lie! It's a giant sham that allows a minority to get something for nothing.
mab,
I don't know about you, but I find it very comforting that our credit money system is so effective at creating bubbles in just about everything but real wages and actual economic output.
Yes! Very comforting. Can't wait for more of the same. Well, I guess I'll have to wait. Not much choice in the matter.
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