http://news.yahoo.com/s/nm/20060723/bs_nm/...xas_drilling_dc

 

Yep - lots of drilling going on around here. There's about 4 derricks within 2 miles of me.

 

Natural gas has actually gone down in price lately, compared to last summer's highs.

 

When do the hurricanes get here again?

The interesting thing is that natural gas year over year has experienced basically a zero price change. That's right, it hasn't gone ANYWHERE, while crude is up around 50%. That folks is what you call speculation and terror premium.

Am I the only one who chuckled when I read the article about drilling near Dallas and found a couple of quotes from an engineer named Jay Ewing?

The interesting thing is that natural gas year over year has experienced basically a zero price change. That's right, it hasn't gone ANYWHERE, while crude is up around 50%. That folks is what you call speculation and terror premium.

And more rapid demand growth than supply growth.