Wednesday, August 8, 2012

For Investors Only: Natural Gas

Two separate data points: Don sent me the story about Black Hills Power shuttering several coal-powered plants. Don noted that these coal-powered plants will need to be replaced with something else: algae -- nuclear -- biofuels -- oil -- hydroelectric -- wind -- solar -- natural gas.

[Actually, the hydroelectric power and wind power from the Pacific Northwest might make up much/some of the difference.]

Earlier in the week, "anon 1" pointed out in a comment that "they" are taking down a lot of natural gas rigs.

These two data points suggest a very, very bullish natural gas market going forward. The largest natural gas producers, I believe, are XOM and COP. I could be wrong.

Disclaimer: this is not an investment site. This is for information only.

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