RE: RE: talking heads have spoken this "2 month to 2 weeks statement" has no backing or explanation or time frame. Is this brand new tech? If it is I have heard nothing about this. There are differing type gas fields and differing costs and depths etc etc. IMO it is not as much about how fast they can drill a well, it's about how much money they can make. The vast majority of CEO's have said they will not start drilling until they can see sustained higher prices and profitability. And most of these rigs require contracts for a significant length of time, so committments will not be made until pricing confidence is restored - we are miles from that IMO. I think we are going to see production decline the rest of theyear a decent enough amount to cause prices to rally toward $5. My dos centavos
MK