Updates
Later, 5:11 p.m. Central Time: wow, wow, wow, and wow. How interesting. The rest of the story.
Later, 1:05 p.m. Central Time: the tweet below simply says that Australia is negotiating with the US on emergency oil supplies. No timeline is provided. Is Australia looking out twenty years from now, or a year from now? Here's my take on the likelihood that Australia is negotiating with the US on emergency oil supplies based on data looking:
- 50 years out: 0% chance or 0% likely that the negotiations are based on data projected for 2075
- 25 years out: 5% chance or 5% likely that the negotiations are based on data projected for 2050
- 20 years out: 10% .... projected for 2040
- 10 years out: 15% ... projected for 2030
- 5 years out: 20% ... projected for 2025
- 1 year out: 50% chance
Original Post
Memo to "First Squawk": enough with the caps.
With regard to the twitter screen shot above. I happened upon that tweet about 9:00 a.m. this morning. It would have caught my attention regardless but a note from a reader last night "primed" me to see that tweet.
It should be noted this particular reader is particularly knowledgeable about this particular subject.
Here's the reader's note from last night.
That LNG daily export chart will show another 50% to 75% bump by year's end.I find that absolutely incredible.
Six years out, it will easily double again ... gar own teed.
Current world's leading LNG exporter, Australia, will IMPORT LNG from USA (via Port Kembla's FSRU) in 16 months' time.
Contract with Cheniere has already been signed.
"Americans" have no idea how big this story -- the shale revolution story -- is and will be.
By the way, know what I found most rewarding about that short note? This one word: "Cheniere."
I noted the Cheniere / Chile connecting dot in the linked post above.
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