Thursday, August 27, 2009

Good Article on Gas Storage

In case you haven't heard enough about natgas prices and storage, here is a very good article that gives a good overview of the situation.  Definitely worth the read, and it's not too long.  One of the areas it discusses is the lack of a global body like OPEC to help manage supply and pricing.  Not that anyone wants an OPEC to be created, but some leadership would be helpful because sometimes The Free Market ain't all that great.

Interestingly, the article is from the English daily in Qatar, the nation that is producing the LNG that is supposed to swamp the U.S. any day now.  Hopefully Qataris will get the message and divert LNG elsewhere (if there's room) or just dial production and export back a bit until the market picks back up.

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