Schork Outlook: Market Missing NatGas Rig Shortage?
Tuesday, August 31st, 2010
No anxiety most the availability of natural gas — what gives?
“On a inferior constructive note, contacts in the forcefulness business said the moratorium on deepwater production resulted in momentous regional layoffs, though forcefulness assist companies were movement Gulf Coast workers to realty or alter liquid projects when possible.”
– The Beige Book, July 28, 2010,The agent Reserve Board – metropolis District
Indeed. For the hebdomad ended Apr 16th, i.e., the hebdomad preceding to Deepwater Horizon, the Baker aviator offshore chisel calculate stood at a 61-week high, 56. The magnitude of these rigs, 47, were settled soured the shore of Louisiana. However, with the U.S.’ rush unwaveringly naturalised on the cervix of the industry, the chisel calculate has since fallen soured ..read more