What If...

What if, as many are predicting this is the end of the oil and gas industry? Nonsense!

Over the last year, on this site, there have been an overabundance of negative posts about the economic viability of the Utica and Marcellus Shales. From my perspective these posts have been short sighted and actually are no more than fear mongering.

The oil and gas business is historically cyclical. ups and downs etc. Companies involved in the industry come and go. Yet the industry survives.

And now, here we are in 2016, and the industry is still here; a little beat up but still here. Again, from my perspective, this period in time is only one of those down periods. Certainly not a siren's call of the end for ever or the "DOOM" of the industry as one person posted.

So, what does that mean for the land owner? It's not over.

Sit back, and if you are inclined, pour yourself an adult beverage, if you aren't inclined then just take a deep breath. Time rules all; and time is on the side of the oil and gas industry. It will rebound.

The negative posts you read on this site are just fear mongerin,g and as FDR once said - all we have to fear is fear itself.

.Better times to all.

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Permalink Reply by Joseph-Ohio on January 11, 2016 at 1:18am

However, and not to belabor the point, I'm thinking all those flying monkey wrenches are the main reasons for my cynicism.

They each have to come from somewhere don't they ? 

Permalink Reply by Teresa Kline on January 11, 2016 at 10:07am

 Barry D. I like your way of thinking. Things will get better, oil and gas like everything else is going to have its ups and downs. Also someone else said don't want our minerals going for the price now. Our family has been sitting on our minerals before Andy Mellon had his in PA.  property has been under leases since then and I fondly remember my father saying a dollar an acre is better than nothing and if helped pay the taxes ! So sit back and relax and have a beer. I watch the recorder of deeds in Westmoreland county every week and I see that Chevron is leasing in southwestern part of the county. Every week 20-30 leases, a few other companies little less but leasing is still going on.....so what do they know?? That is coming back that's for sure.  Just my own thinking the middle east is blowing up before our eyes, Saudi's may be fighting a war soon one to many beheadings

Permalink Reply by lance on January 12, 2016 at 5:46am

Pakistan just made a threat to Iran saying it would wipe Iran off the map if it messed with the Saudi's. Pakistan has nukes... I like their way of thinking.... Iran is the largest terrorist supporter in the world. Who needs them? They are the biggest trouble  makers  in the region... Nuke em!!! They would us if they had the means. 

Permalink Reply by lance on January 12, 2016 at 5:36am

Well said  Barry..... :)

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