http://www.forbes.com/sites/robertlenzner/2012/05/18/natural...--excerpt follows--First, no one realizes the extent of potential usage of natural gas, opines Tisch, who owns quite a bit in Loews and is looking for more, thank you very much. Gas has become crucial in the delivery of electric power in the US– and will in the future make all forms of transportation more efficient, such as trucks that now use expensive diesel oil.Second, the US can find and produce unlimited amounts of natural gas once the market price rises from its current $2.50 per million cubic feet to $4.50,” asserts Tisch. ” We can produce 85 billion cubic feet of gas a day at $4.50,” Tisch told me. At $4.50, natural gas is comparable to crude oil at $27.00 a barrel– meaning that there can be huge savings in the cost of transporting goods in the future. Lower costs mean larger profits, which means higher stock prices.Third, finding and producing natural gas at $4.50 per million cubic feet should require 7,000 to 10,000 new jobs in the gas fields, building pipeline, and the trucks necessary for carrying it across the US.Fourth, by creating energy at $27.00 a barrel we are going to reduce our balance of payments, reduce our dependence on volatile Middle Eastern nations. And whatever gas we don’t use, we will start exporting to earn extra dollars. Tisch paints a very optimistic picture.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Ma