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Author: no2cattx Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 105  
Subject: Barnett Shale Date: 11/1/2005 2:16 PM
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Pricey gas has a silver lining


Star-Telegram Staff Writer

It's natural to complain about high energy prices, especially after Exxon Mobil posted nearly $10 billion in quarterly profit last week. Even the top-ranking Republican senator called for public hearings on oil, while others urged a replay of the windfall-profits tax.

Tarrant County should shudder at the thought. Companies are investing billions of dollars here to extract natural gas, and we don't need government spoiling the party.

Many people will say: "So what? Haven't they made enough already?"

Enough profits maybe, but not enough gas. And isn't that what we should focus on -- increasing the supply of these limited resources?
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