Gas Prices & the Mineral Owner: Begins with a Glut (Part 1) - GoMarcellusShale.com2024-03-29T14:54:21Zhttps://gomarcellusshale.com/forum/topics/gas-prices-the-mineral-owner-begins-with-a-glut-part-1?commentId=2274639%3AComment%3A513197&feed=yes&xn_auth=noThis is very common throughou…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5134722013-10-31T19:42:32.914ZJim Litwinowiczhttps://gomarcellusshale.com/profile/JimLitwinowicz
<p>This is very common throughout history in the oil biz. If you take any college Intro to Econ course, they will discuss the oil industry's history of boom and bust. When Spindletop was drilled, it drove prices very low and drove many companies out of business. But it also coincided with Ford's intro of the Model T and the combination of cheap cars and cheap fuel kick started the automobile age.</p>
<p>Every time there is a major new field or a dramatic change in extraction technology, there…</p>
<p>This is very common throughout history in the oil biz. If you take any college Intro to Econ course, they will discuss the oil industry's history of boom and bust. When Spindletop was drilled, it drove prices very low and drove many companies out of business. But it also coincided with Ford's intro of the Model T and the combination of cheap cars and cheap fuel kick started the automobile age.</p>
<p>Every time there is a major new field or a dramatic change in extraction technology, there is a rush that results in cheap oil and some companies going out of business. Its a way of weeding out the less efficient and the foolish risk takers. And sometimes just bad luck by the ones left out.</p>
<p></p>
<p>The low energy costs will help some businesses grow rapidly. Others will be hurt. Thats the dynamics of capitalism.</p> I'm with Joe here. I think it…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5135202013-10-31T18:33:26.156ZLance Nimmohttps://gomarcellusshale.com/profile/LanceNimmo
<p>I'm with Joe here. I think it is great prices are low. It is making things much more affordable for people, and cheap energy is better for the country as a whole. To me it is very short sighted to pray for a quick buck, which means large exports and high prices. The whole idea of finding new supplies to keep costs down. That's why our country is 17 trillion in the hole. We have to many gimme gimmeis.</p>
<p>Oh, and the comparison to exporting corn and other crops is way off base. Why?…</p>
<p>I'm with Joe here. I think it is great prices are low. It is making things much more affordable for people, and cheap energy is better for the country as a whole. To me it is very short sighted to pray for a quick buck, which means large exports and high prices. The whole idea of finding new supplies to keep costs down. That's why our country is 17 trillion in the hole. We have to many gimme gimmeis.</p>
<p>Oh, and the comparison to exporting corn and other crops is way off base. Why? Because you can grow corn! Can someone tell me how to grow Utica Shale, because Exxon would sure like to know....</p> So what your saying is you wa…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5134662013-10-31T17:38:46.672ZJoehttps://gomarcellusshale.com/profile/HarryS
<p>So what your saying is you want to exercise your right to sell out all your natural resources export them to drive up the prices and leave your children and grand children with nothing so you can live high off the hog for the moment till you blow it all and end up with nothing? Fine ,but don't try to talk everyone else into selling out their children's future ,heat, resources, money in the bank so to speak. Human nature shows us that most people maintain a level of wealth. Everyone has…</p>
<p>So what your saying is you want to exercise your right to sell out all your natural resources export them to drive up the prices and leave your children and grand children with nothing so you can live high off the hog for the moment till you blow it all and end up with nothing? Fine ,but don't try to talk everyone else into selling out their children's future ,heat, resources, money in the bank so to speak. Human nature shows us that most people maintain a level of wealth. Everyone has their own level. Shown time after time alter that level by inheritance, lottery, or other one time wind falls is only temporary. They will blow it and in short order be back at the same level they started at or worse even homeless. The most public examples are lottery winners. Lets start a new topic (Who has any bonus money left after 1, 2, 3,4,or 5 years.)</p> All of the leases that I have…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5133762013-10-31T14:59:11.454Zjerry lee nicholshttps://gomarcellusshale.com/profile/jerryleenichols
<p>All of the leases that I have seen have arbitration as a mandatory remedy for disputes. I wonder hgow bogus that is?</p>
<p>All of the leases that I have seen have arbitration as a mandatory remedy for disputes. I wonder hgow bogus that is?</p> Keith,
Those of us wh…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5131972013-10-31T14:45:12.854Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>Keith,</p>
<p> Those of us who have read recent articles about those O&G companies that have found ways to cheat the land owners, know additional reasons why gas prices appear to be low.</p>
<p>1) Sell the gas to one of your own companies at a below market price, pay the landowner a royalty on the bogus sale, then sell on the open market.</p>
<p>2) Use the gas in your equipment miles from the well it was taken from and pay nothing for your energy use.</p>
<p>3) Run your company…</p>
<p>Keith,</p>
<p> Those of us who have read recent articles about those O&G companies that have found ways to cheat the land owners, know additional reasons why gas prices appear to be low.</p>
<p>1) Sell the gas to one of your own companies at a below market price, pay the landowner a royalty on the bogus sale, then sell on the open market.</p>
<p>2) Use the gas in your equipment miles from the well it was taken from and pay nothing for your energy use.</p>
<p>3) Run your company using the philosophy "Not paying royalties is a good business practice"</p>
<p>4) Use 5 different company names each headed by the same CEO. Sounds like a shell game is ahead for the landowners. You can see these documents in the Carroll County Recorders office.</p>
<p>5) The US government was cheated out of 3 billion and had to go to court to recover their money. Why would a landowner be more feared than the US Government?</p>
<p>"It's too hard to figure out how they are cheating us and how much is being stolen". </p>
<p>Just sit the CEO and all his people down in a court room, put them under oath one at a time, and ask them how they are cheating the people. Then lock each one of them up when they tell a lie under oath, the same way I would be treated for being a thief and lying under oath.</p>
<p>See you in court.</p>
<p> </p> The air is cleaner because of…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5132612013-10-31T11:21:12.053ZDanhttps://gomarcellusshale.com/profile/Dang
The air is cleaner because of NG. Maybe we will all live longer?
The air is cleaner because of NG. Maybe we will all live longer? then why export our corn, whe…tag:gomarcellusshale.com,2013-10-31:2274639:Comment:5131882013-10-31T11:12:00.712Zmark ondrusekhttps://gomarcellusshale.com/profile/markondrusek
<p>then why export our corn, wheat, beef or anything else...keep it here so the prices will fall and our economy can collapse. joe, please do some reading and educate yourself on how free markets work!</p>
<p> </p>
<p>then why export our corn, wheat, beef or anything else...keep it here so the prices will fall and our economy can collapse. joe, please do some reading and educate yourself on how free markets work!</p>
<p> </p> That's right spend it all. Gi…tag:gomarcellusshale.com,2013-10-30:2274639:Comment:5131362013-10-30T17:27:12.035ZJoehttps://gomarcellusshale.com/profile/HarryS
<p>That's right spend it all. Give it away. Make sure there's nothing left for your children and grand children including heat and fuel.</p>
<p>That's right spend it all. Give it away. Make sure there's nothing left for your children and grand children including heat and fuel.</p> why..because I and a lot of o…tag:gomarcellusshale.com,2013-10-29:2274639:Comment:5130152013-10-29T18:31:36.059Zmark ondrusekhttps://gomarcellusshale.com/profile/markondrusek
<p>why..because I and a lot of other people that could use the money may be dead before it catches up!</p>
<p> </p>
<p> </p>
<p>why..because I and a lot of other people that could use the money may be dead before it catches up!</p>
<p> </p>
<p> </p> WHy? if we allow our infrastr…tag:gomarcellusshale.com,2013-10-29:2274639:Comment:5128752013-10-29T18:07:23.063Zjerry lee nicholshttps://gomarcellusshale.com/profile/jerryleenichols
<p>WHy? if we allow our infrastructure to catch up,then we can keep the price low to consumer in this country.</p>
<p>WHy? if we allow our infrastructure to catch up,then we can keep the price low to consumer in this country.</p>