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Lithium not oil company only 60 million float and half the value of GRID lets just do some stat checking here for others on this board! Like the optimism though!
The previous excerpts have been provided from an analysis report provided to the company by Geologist, Patrick Robinson.
The completion process can take several weeks before reliable production numbers can be disseminated.
The company will provide progress updates as they become available regarding the Garcia #3 and other anticipated drilling activity in the near future.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
That would be nice. I Hope you are right boothealboy!
Hopefully GRPR get's moving. I know that don't have much cash on hand. I have a lot of shares. I will hold them to zero or sell them & make quantum profits.....
Good luck Mulch hope you turn that into a million it's possible. Lets see the volume increase with some price increase in PPS.
It's not going to explode unless the numbers are exceed. If there doing 3k a day per well thats 300 dollars 10% of well for example. I make more than that in my sleep.
I thought they came out Monday morning did I miss something?
Thank you. Lets be realistic here. 50k Volume no interests plane and simple! And I'm a share holder. Lets be sensible the pumping day after day is tiresome. It needs to get to .02/ .03 base and then we can get optimistic 52k week .045 half cents when we break that lets get excited. From the report a few weeks ago we should have an update on numbers for production. This company either keeps to quiet or completely gets superfluous with PR's They just don't get it. They should release it other than 5.00am pst worst time to release news try it in the middle of the day.......
Can you please tell us where you find this amazing happening been going from .0065 to a penny or less for weeks. There is no reversal happening which means higher than expected production numbers 300 a day in revenue 3 barrels 10% of 30 will not reversal this free fall GRPR its in.......
Board gotten Quiet
Very low volume lets get this .02 to a nickel on heavy heavy volume get of out of this jv levels of PPS
I think the boy was reading his charts upside down. looking to lows of .0029 to .0032
Im curious our you a chartist. There is no proof of a reversal happening. If it pops on news it needs to keep a base over .02 then we can talk about a reversal. Where do you get your information from? Mind Boggling!
September 4, 2012, 10:29 a.m. ET
U.S. GAS: Natural Gas Rises 2.8% on Higher Electricity Prices
By John M. Biers
NEW YORK--Natural gas prices rallied Tuesday morning after a jump in electricity prices.
After opening the morning in the red, natural gas futures on the New York Mercantile Exchange shot up to $2.878 a million British thermal units, up 7.9 cents or 2.8%.
Analyst Stephen Schork said the spurt in gas prices came on news of a jump in electricity prices. Natural gas is one of the most commonly used fuels in power generation.
"There was a pop in a power prices, which helped to pull natural gas prices higher," Mr. Schork said.
In addition, market watchers are also cognizant that the calendar has moved into the peak hurricane season, which falls between mid-August and mid-October. Last week's storm, Hurricane Isaac, suspended production of most offshore petroleum in the Gulf of Mexico.
The U.S. Bureau of Safety and Environmental Enforcement said Monday that 39% of the Gulf of Mexico's natural-gas production, or 1.7 billion cubic feet a day, remained shut in. The BSEE also said 58% of the oil produced in the Gulf's federal waters, or about 804,335 barrels a day of crude, was offline.
Besides seeing the potential for more storms, traders believe this week's storage injection of natural gas could again come in below seasonal norms, said Matt Smith, an analyst with Summit Energy.
"People would rather be long this market than short," Mr. Smith said.
Natural gas prices are influenced heavily by demand from heating in the winter months and cooling in the summer months.
Jason Setree, a forecaster with the Commodity Weather Group, sees warm weather continuing for the next five to six days. However, he expects a cool front toward the end of this week to erode demand in the Northeast and Mid-Atlantic.
"Things cool off in a hurry," Mr. Setree said.
WSI, another forecaster, said next week's models along the Eastern Seaboard "will struggle to see highs climb out of the 60s and low 70s."
With natural gas storage remaining 12% above the five-year average, some analysts see a ceiling of around $3/MMBtu, in part because the U.S. is entering so-called "shoulder season" in between the summer cooling season and the winter heating season.
Write to John Biers at john.biers@dowjones.com
Interesting read
Ohio’s Gas-Fracking Boom Seen Aiding Obama In Swing State
By Jim Snyder - Sep 4, 2012 4:21 AM PT
Mandel Ngan/AFP via Getty Images
President Barack Obama tours an oil production field in Maljamar, New Mexico. The boom in oil and natural gas is setting up an election-year irony: a green-energy president who is getting a boost from fossil fuels.
Four years ago, Barack Obama pledged to promote a green revolution, saying the government would back alternative-energy technologies that could create 5 million jobs and free the U.S. from a dependence on overseas oil tyrants.
Chart: Obama's Not-So-Green Energy Boom
Enlarge image
Worker Keith Ceynar transfers 240 barrels of oil into a tank at an Enbridge Inc. facility outside Alexander, North Dakota where oil production in the state has tripled in five years. Photographer: Matthew Staver/Bloomberg
Enlarge image
Bloomberg Insider Conventions Magazine Cover, Sept. 4
Today, the energy industry is one of the main engines of job growth and the U.S. is the closest it has been in almost 20 years to meeting its own needs. Yet the transformation -- driven by a surge in oil and natural gas production -- isn’t primarily green and has little connection to the president’s plans.
Read More: Bloomberg Insider - Convention 2012
Download: Bloomberg Insider 09/04 (PDF)
“We’re moving to energy independence by accident,” said Philip Verleger, who directed the U.S. Treasury office of energy policy under President Jimmy Carter and is now an industry consultant. “Energy policy had nothing to do with it.”
The boom in oil and natural gas is setting up an election- year irony: a green-energy president who is getting a boost from fossil fuels.
Oil and natural gas output is on the rise largely because of hydraulic fracturing, which has given drillers access to reserves in shale rock formations once too costly to produce. The so-called fracking injects millions of gallons of water, sand and chemicals thousands of feet below the surface to free fossil fuels trapped there, a process that Obama’s environmentalist allies say increases air and water pollution.
Fracking is unlocking oil in North Dakota and Texas. More important to Obama’s re-election chances, it’s aiding natural gas production -- and Obama’s poll ratings -- in Ohio and Pennsylvania, swing states with 38 electoral votes combined.
Job Growth
Ohio’s unemployment rate was 7.2 percent in July, the lowest since September 2008 and below the nationwide 8.3 percent. Job growth there is the fourth-fastest in the U.S., federal data show. Pennsylvania’s jobless rate is 7.9 percent, down from a high of 8.7 percent in March 2010.
The president has done little to stall the expansion of fracking, even with pressure from within his Democratic Party.
“There’s so many different ways in which this is feeding into various sectors of the economy,” said Philip Sharp, a former Democratic House member from Indiana who heads Resources for the Future, a Washington-based environmental research group. “The administration looks to me like they’ve come to recognize its importance and they have not jumped on the anti-fracking bandwagon.”
Different Vision
When he entered the White House, Obama offered a different vision for the U.S.’s energy future, vowing to revive an economy battered by a recession and mend the environment with an export- heavy, green-technology push.
As a candidate in 2008, Obama had promised to create 5 million green jobs over 10 years by investing in solar, wind and other renewable energy sources. His 2009 economic-stimulus plan spent a record $90 billion on clean energy.
Among the successes the administration can tout are a doubling of solar and wind-energy generation and the retrofitting of more than 1 million homes to lower heating and cooling costs. An agreement with automakers to raise fleet-wide fuel economy will cut carbon emissions and oil imports.
Still, only 225,000 green jobs had materialized through the stimulus program by 2010, according to the White House.
Green energy “is a big area of unfulfilled promise,” said Julian Zelizer, a history and public affairs professor at Princeton University in New Jersey.
Republicans have used the example of Solyndra LLC, the Fremont, California, solar-panel maker that closed two years after getting a $535 million U.S. loan guarantee, to depict Obama as a failed, big-government meddler in the free market.
Keystone Rejection
The president’s rejection of the Keystone XL (TRP) pipeline that would carry tar sands crude from Alberta, Canada, to refineries along the Gulf Coast, and a deepwater drilling ban imposed after BP Plc’s 2010 spill, sparked criticism that Obama was too focused on alternative energy sources.
“We need an energy policy for today, tomorrow, and 50 years from now,” said Karen Harbert, chief executive officer of the U.S. Chamber of Commerce’s Institute for 21st Century Energy. “We don’t need an energy policy just for 50 years from now.”
Standing in front of a coal facility in Ohio on Aug. 14, Republican presidential candidate Mitt Romney criticized Obama for regulations such as Environmental Protection Agency greenhouse gas curbs. His own plan calls for ending clean-energy subsidies and aggressively expanding fossil fuel development.
Not the Quarterback
Representative Bill Johnson, an Ohio Republican whose district is home to many of the new wells being drilled, said Obama doesn’t deserve praise for the energy boom.
“You go to a football game, you don’t get credit for throwing a touchdown pass,” Johnson said. “The quarterback does.”
Domestic production of natural gas can help Obama undercut the line of attack that his environmental policies are hurting the economy, said Paul Allen Beck, a political science professor at Ohio State University in Columbus.
“There’s a natural opening for Obama to say, ‘We’re not just regulators,’” Beck said.
And while the administration is considering federal safeguards on fracking, so far it hasn’t stood in the way of its growth.
The EPA delayed new air emissions standards for natural gas operations by two years, drawing rare applause from the American Petroleum Institute, a Washington-based industry group whose members include Irving, Texas-based Exxon Mobil Corp. (XOM) and ConocoPhillips (COP) in Houston.
‘Central Role’
In January, the president promoted natural-gas development in his State of the Union address, saying it could support 600,000 jobs by the end of the decade.
Obama believes natural gas “has a central role to play in our energy future,” White House spokesman Clark Stevens said in an e-mail. Stevens also cited rising oil production as evidence the president supports what he calls an “all-of-the-above” energy strategy that includes oil and natural gas development as well as tax breaks for renewable energy sources.
The energy picture has shifted in ways few would have predicted four years ago.
Natural gas production increased to 24.2 trillion cubic feet in 2011 from 21.1 trillion in 2008. The increase pushed prices down to their lowest level in a decade. While lower prices could slow its growth, fracking also helped create an industrial renaissance, boosting the steelmakers that supply the well parts, chemical companies that use ethane, a liquid found with gas, and other energy-intensive manufacturers.
Halving Emissions
Even though Obama was unable to get Congress to pass legislation to combat climate change, the new trend is driving down greenhouse gases anyway because natural gas releases only about half the carbon emissions as coal when burned. The Energy Information Administration, which tracks and analyzes data for the U.S., projected for the first time earlier this year a long- term decline in the nation’s greenhouse-gas emissions.
Companies that once planned to build facilities to import liquefied natural gas to meet domestic demand are now applying for export permits, thanks to the growing reserves.
Oil production is also rising from under 5 million barrels per day in 2008 to almost 6.2 million barrels this year, helping reduce imports to 42 percent of U.S. consumption.
Falling demand, greater biofuels production and higher domestic output combined to reduce oil imports to their lowest level since 1998, according to the EIA.
The benefits of the fracking boom can be seen in Ohio’s Mahoning Valley, an industrial corridor in the northeastern part of the state.
‘More Optimism’
“You’re seeing more optimism than we’ve seen here in a long, long time,” said Representative Tim Ryan, a Democrat who represents the Youngstown area. “Right now there is a tidal wave of support behind the natural gas industry.”
As many as 40 percent of Local 396 of Ohio’s pipe-fitters’ union members were out of work in the depths of the recession three years ago. Roland “Butch” Taylor, business manager of the union, said factory expansions and new construction now have all 700 of its members working.
“We don’t see any types of layoffs for the future,” Taylor, 54, said at the Boardman headquarters of the United Association of Union Plumbers, Fitters, Welders and HVAC Service Technicians local.
Further south in Ohio’s Appalachian region, farmers are getting signing bonuses from drillers of as high as $5,000 an acre, allowing a few to pay cash for $250,000 combines, said Amy Rutledge, the director of the Carroll County Convention & Visitors Bureau in Carrollton.
“This has been a farming, rural community forever,” Rutledge said. “They’ve been scratching their dirt forever, and now they’re actually getting something out of the dirt.”
To contact the reporter on this story: Jim Snyder in Washington at jsnyder24@bloomberg.net
To contact the editor responsible for this story: Jon Morgan at jmorgan97@bloomberg.net
I look at it constantly seems new to me not sure. I noticed it today for the first time....
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Saudi Arabia May Become Oil Importer By 2030, Citigroup Says
By Ayesha Daya and Dana El Baltaji - Sep 4, 2012 2:15 AM PT
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Saudi Arabia, the world’s biggest crude exporter, risks becoming an oil importer in the next 20 years, according to Citigroup Inc.
Oil and its derivatives are used for about half of the kingdom’s electricity production, which at peak rates is growing at about 8 percent a year, the bank said today in a an e-mailed report. A quarter of the country’s fuel production is used domestically, more per capita than other industrialized nations, as the cost is subsidized, according to the note.
“If Saudi Arabian oil consumption grows in line with peak power demand, the country could be a net oil importer by 2030,” Heidy Rehman, an analyst at the bank, wrote. The country already consumes all its natural-gas production and plans to develop nuclear power, which pose execution risk amid a lack of available experts, safety issues and cost overruns, Rehman said.
Saudi Arabia, which depends on oil for 86 percent of its annual revenue, is accelerating exploration for gas and is planning to develop solar and nuclear power to preserve more of its valuable crude for export. The kingdom has refused to import gas, unlike neighboring producers such as Kuwait, and the United Arab Emirates that also lack fuel for power generation.
Young Population
Saudi Arabia’s per capita consumption in 2011 is higher than most industrialized nations, including the U.S., according to the report. The nation’s 10-year historical consumption compound annual growth rate may increase 6 percent, double its projected population growth, Rehman wrote. Saudi Arabia’s population was 28 million as of the end of 2011, International Monetary Fund data compiled by Bloomberg show.
“Indeed we would expect consumption to continue to outstrip population growth as Saudi Arabia’s currently young population ages and consumer spending increases supported by rising GDP per capita,” Rehman wrote.
The IMF forecasts a 10 percent rise in gross domestic product per capita this year to $22,635 and may climb to $23,936 by the end of 2017, the data show. Saudi Arabia’s $600 billion economy, the largest in the Arab world, may expand 5 percent this year, according to the median estimate of 12 economists surveyed by Bloomberg.
The country produced 11.2 million barrels a day of oil and natural-gas-liquids last year, 13 percent of the world’s supply and more than any other nation, according to BP Plc (BP/)’s statistical review. It was the eighth-largest gas producer, providing 9.6 billion cubic feet a day to the domestic market, according to the report.
Saudi Arabian power providers pay $5 to $15 a barrel for its fuel from state-owned Saudi Arabian Oil Co., according to the report. Brent crude, the benchmark for more than half the world’s oil, traded at $116 a barrel today on the London-based ICE Futures Europe Exchange.
“As a result of its subsidies we calculate ‘lost’ oil and gas revenues to Saudi Arabia in 2011 to be over $80 billion,” Rehman wrote. “At the domestic level, we believe the only real way to rationalize energy consumption would be to reduce subsidy levels.”
To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net; Dana El Baltaji in Dubai at delbaltaji@bloomberg.net.
and a 50% working interest in a mineral lease on 4,000 acres in Kings and Fresno counties in California. AT least this sounds promising is update I just pulled it from yahoo finance. This is land not in central Cali. Fresno is up north..........
Down 6.66% as of NOW!
Hopefully they don't bk or keep adding shares to inflatable levels..... I hope your right its just funny to see the same posting over the whole year of 2012 barely 3/4 of a penny and holding. I expected a .02 .03 cent base by now reality NOT!
Quote:
This will move.
I am 10 for 10... my monkey does the picking!
LOL
Elcheepo seems like your changing your thoughts in the near term the last 10 posts or so by you where the stock is ready to move. Just wanted to point that out to you!
In a continued effort to expand its business as an Operator, the Company's subsidiary Grid Petroleum Production Inc, and its contracted lease acquisition consultants have identified an area of interest for development of a geological structure know as the West Texas Overthrust. Utilizing new technological analysis, this prolific geological formation has provided new interpretations of traditional data.
West Texas Overthrust: Vital new frontier.
This is very exciting!
This stock in my opinion will hit a .10+ This year....
Kreyenhagen Trend
Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin is different than other unconventional oil plays like the Bakken and Eagle Ford oil plays; these unconventional shale zones, Kreyenhagen and Monterey, lay beneath long-established multi-billion barrel conventional oil discoveries, these source rocks are heavily fractured by regional tectonics, creating thick shale sections spanning 500-3500ft, which are accessible by vertical wells.
Thanks! Appreciate it!
What was it expected to produce?
READ THE TEA LEAVES RIGHT! AND FOLLOW THE SIGN POST!
10 MILLION VOLUME UP 20%+ HINT HINT PEOPLE!
THIS STOCK IS ABOUT TO BLAST OFF I SAID .0125+ CLOSE...
VOLUME IS MASSIVE AND WHERE GREEN.....HINT HINT
Rally Time! .0125+ Close
CA Updated on website. This sock is ready for big moves. Patience is a virtue! The wild mad upswings are coming HD!
Kreyenhagen Trend
Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin is different than other unconventional oil plays like the Bakken and Eagle Ford oil plays; these unconventional shale zones, Kreyenhagen and Monterey, lay beneath long-established multi-billion barrel conventional oil discoveries, these source rocks are heavily fractured by regional tectonics, creating thick shale sections spanning 500-3500ft, which are accessible by vertical wells.
Steep anticline structures eliminate the need for costly fracturing necessary in other tight shale’s. The favorable result is a more profitable decline profile – lower initial production rates, but much slower decline.
10 Million market cap coming soon! IMO
oil 97.00+
CA Updated on website. This sock is ready for big moves. Patience is a virtue! The wild mad upswings are coming HD!
Kreyenhagen Trend
Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin is different than other unconventional oil plays like the Bakken and Eagle Ford oil plays; these unconventional shale zones, Kreyenhagen and Monterey, lay beneath long-established multi-billion barrel conventional oil discoveries, these source rocks are heavily fractured by regional tectonics, creating thick shale sections spanning 500-3500ft, which are accessible by vertical wells.
Steep anticline structures eliminate the need for costly fracturing necessary in other tight shale’s. The favorable result is a more profitable decline profile – lower initial production rates, but much slower decline.
U.S. GAS: Natural Gas Edges Higher in Choppy Trading
By John M. Biers
Published August 17, 2012
Dow Jones Newswires
Natural gas Friday morning edged higher in choppy trading, as concerns about a supply glut and moderate temperatures dampened enthusiasm for the commodity.
Natural gas for September delivery was recently trading at $2.739 per million British thermal units on the New York Mercantile Exchange, up 1.5 cents, or 0.5%. Earlier Friday, prices fell as low as $2.688 per MMBtu. Natural gas futures last closed below $2.70 per MMBtu level in June.
Read more: http://www.foxbusiness.com/news/2012/08/17/us-gas-natural-gas-edges-higher-in-choppy-trading/#ixzz23pgitVWV
Mexico's big oil problem
By Steve Hargreaves @CNNMoney August 17, 2012: 9:18 AM ET
Mexico faces declining oil production rates as its fields age and the state oil company, PEMEX, still has a monopoly on the business.
NEW YORK (CNNMoney) -- Mexico, one of the largest suppliers of oil to the United States, has a big problem: Its production of crude is falling fast.
In 2008, the country's production peaked at 3.2 million barrels a day, according to the U.S. Energy Information Administration. Last year, it didn't even produce 3 million a day.
The reason: aging oil fields and years of underinvestment.
Industry experts say Mexico could revive production if it allowed more investment from international oil companies. But under current policy, EIA says Mexico will have to start importing oil by 2020.
For the United States, the decline in Mexico's oil industry means it will likely be buying more oil from Canada and Saudi Arabia, the No. 1 and No. 2 sources of U.S. oil imports. Mexico is now third.
Related: Wind power hits 57% mark in Colorado
And because oil is a global market, any drop in production one place could mean higher prices worldwide.
The loss of Mexico's current exports of about 1 million barrels a day would be greater than the amount lost due to sanctions on Iran -- albeit over a longer time period.
Many experts blame the structure of Mexico's oil industry for the decline.
Mexico nationalized its oil industry in 1938. Since then companies such as Exxon Mobil (XOM, Fortune 500), Royal Dutch Shell (RDSA) and BP (BP) have been prohibited from taking a meaningful stake in the country's oil operations. The state oil giant, Petroleos Mexicanos, or PEMEX, has run the show.
PEMEX is one of the largest companies in the world, and provides the Mexican government with 32% of its revenues, according to the EIA.
But oil exploration requires big investments and Mexican lawmakers have long resisted giving the firm the money it needs to go out and find new sources of crude.
Related: Iraq oil production surpasses Iran
The difference between U.S. and Mexican oil exploration is striking, said Jose Valera, a partner in the energy practice at the Houston law office of Mayer Brown.
The number of wells drilled in the U.S. Gulf of Mexico and the Eagle Ford shale in Texas is "hundreds to one" when compared to the Mexican side.
Indeed, the United States has been undergoing a resurgence in oil production, largely because of these two areas.
"There is absolutely no geological reason to believe the Eagle Ford ends at the border, or the Mexicans got the dry side of the Gulf," Valera said. "There is substantial potential that has not been developed."
Mexico has taken some small steps to liberalize its oil industry over the last few years, including allowing foreign firms to bid for contracts with PEMEX.
A spokeswoman for PEMEX said these efforts, along with a recent doubling of its budget, will enable the company to soon boost production.
But industry analysts feel that unless international companies are given ownership stakes in the oil fields, investment will remain low and production will continue to decline.
There's also been recent talk of broader industry liberalization, but it faces strong opposition from the country's unionized oil workers, government agencies that rely on PEMEX proceeds and Mexican consumers, who benefit from gasoline subsidies.
Said Alejandra León, an oil analyst at the consultancy IHS CERA in Mexico City: Oil is "still a sensitive topic and politics play a critical role."
Oil to 100 Israel and Iran heating up Black gold timing is everything in this game. to a dime and beyond. This stock is about to make some quantum moves....
http://finance.yahoo.com/news/tapping-oil-reserves-raise-prices-183839704.html
1000 Feet to go Could Gap up in the 3's Monday with some Splendid Update!
What a Milestone that's about to hit!
Expanding portfolio GRPR Is an operator NOW!
We got things going in various locations in Texas, CA and Wyoming This stock is so under valued!
U.S. GAS: Natural Gas Ekes Out Gain After Bullish Storage Report
Published August 16, 2012
Dow Jones Newswires
Natural-gas futures edged into positive territory Thursday in choppy trading after a bullish U.S. inventory report.
Natural gas for September delivery recently was up 3.3 cents, or 1.2%, to trade at $2.781 per million British thermal units on the New York Mercantile Exchange. That came on the heels of a U.S. report that 20 billion cubic feet of gas were added to storage last week.
The Energy Information Administration was expected to report that 25 billion cubic feet of gas were added to storage during the week ended Aug. 10, according to the average prediction of 16 analysts and traders in a Dow Jones Newswires survey.
The market's flash reaction to the news was to bid prices higher, but prices subsequently fell. However, in the latest twist, natural-gas prices have again recovered and moved into positive territory.
Analyst Stephen Schork characterized the market's response to the report as "very odd." But he added that the reaction probably shows the market is beginning to look ahead to the winter heating season since it is now past the warmest part of the summer. The overall amount of natural gas in storage currently is about 12.5% above the five-year average for this time of year.
"It's a market that's well supplied. People are sort of looking ahead," Mr. Schork said. "The muted reaction would seem to indicate the market is discounting market headlines and focusing on the next season."
-Write to John M. Biers at john.biers@dowjones.com
Subscribe to WSJ: online.wsj.com?mod=djnwires
Read more: http://www.foxbusiness.com/news/2012/08/16/us-gas-natural-gas-ekes-out-gain-after-bullish-storage-report/#ixzz23jmjRlo3
Oil rises for 3rd straight day, around $95
By By JOSHUA FREED | Associated Press – 3 hrs ago
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Oil prices are higher for a third straight day.
Oil appears to be tracking an increase in U.S. stock markets, which rose after the U.S. reported a sharp increase in building permits in July.
Benchmark oil for September delivery was up 67 cents to $94.99 per barrel in late-morning trading in New York.
Oil rose 90 cents per barrel Wednesday on an unexpectedly large drop in crude supplies, which signals stronger demand, and tends to drive up prices.
Natural gas fell 1 cent Thursday to $2.74 per 1,000 cubic feet. A government report showed smaller-than-expected growth in natural gas in storage. Supplies are already higher than a year ago, suggesting a surplus.
Meanwhile, the average price for a gallon of regular gasoline remains at $3.71, the highest level since mid-May.
This Stock is going to spud soon you in or chasing 100%+ higher. Once we get the news with the volume this stock can be north a nickel in nano seconds on tons of volume never looking back at these PPS Levels again. Next Level! A run the last hour Fabulous News Just released today! Oil 95.00 Area Natural Gas trending higher
1 )Texas
2) New Texas Properties
3) CA
4) Wyoming
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In a continued effort to expand its business as an Operator, the Company's subsidiary Grid Petroleum Production Inc, and its contracted lease acquisition consultants have identified an area of interest for development of a geological structure know as the West Texas Overthrust. Utilizing new technological analysis, this prolific geological formation has provided new interpretations of traditional data.
West Texas Overthrust: Vital new frontier.
Recent integrated geophysical investigations into potential exploration plays in West Texas have revealed compelling evidence which suggests an entirely different structural history for the San Marcos platform than has traditionally been accepted.
The company is diligently pursuing the development and control of all of its future exploration and drilling business.
Must read WSJ article an hour ago on NATURAL GAS. I'm SO Exc
ited. I have been adding this stock is going to surge sooner than later one day where going to wake up 300+% higher!
Why Longs will benefit from there GRPR investments. This stock will be .25-.50
Texas is and CA is icing on the CAKE.
Wyoming were GRPR has the second largest natural gas reserved land. When the company announces they are moving forward with breaking ground on Wyoming where going to propel to the next level. Breaking 52 Week Highs.
The U.S. Natural-Gas Boom Will Transform the World
North America's massive resources are going to shift market power away from OPEC and Russia and to USA.
By JOHN DEUTCH
Two summers ago, natural gas cost $4.50 per thousand cubic feet, which was less than half what it had cost two summers earlier. Today the price is under $2.50, as unconventional natural gas production has increased to 20% of domestic supply from 5% in 2008, with 40% anticipated by 2020.
Meanwhile, North Dakota's Bakken/Three Rivers field produces 600,000 barrels a day of unconventional oil—up from 250,000 barrels in 2010 and less than half that in 2008—making that state the second-largest U.S. oil producer. With such changes happening so fast, it's timely to consider their implications.
A United States hopelessly dependent on imported oil and natural gas is a thing of the past. Most energy experts now project that North America will have the capacity to be a net exporter of oil and natural gas by the end of this decade.
This new production depends on advances in directional drilling and hydraulic fracturing, the process that injects enormous amounts of fluid—90% water, nearly 10% sand, and less than 1% chemical additives—into the ground below the water table, typically at depths greater than one kilometer, and laterally over distances of several kilometers.
To be sure, a North America independent of oil imports still isn't energy independent. The U.S. economy will continue to be subject to world oil prices, and supply disruptions in the world will still create price spikes. Close allies such as Germany and Japan will remain significantly dependent on oil imports from unstable regions, and their dependence will constrain U.S. foreign-policy choices.
Still, the security benefit of North America's new oil is significant. While this production will not be cheaper than conventional production from Saudi Arabia, the magnitude of North America's economically and technically recoverable oil resources (at, say, $70 per barrel) is about 45 billion barrels, or 10% of the total North American oil in place.
This would exceed the magnitude available from the Middle East. Over time, it would yield a shift in global oil-market power from the traditional producers (OPEC, Russia) to consumers (such as Germany, Eastern Europe, China and India) that will benefit from the more diverse oil supply.
This revolution is not restricted to North America. Foreign activity lags behind, but during the past two years there has seen a surge of interest in shale and oil reserves believed to be in Europe (Britain, France, Poland, Russia), Latin America (Argentina, Brazil) and Asia (China, Kazakhstan, India). World-wide oil supply is likely to surge, accommodating demand growth and replacing depletion—so that significant declines in prices are possible.
Demand for natural gas has not kept up with the phenomenal growth in supply. That's indicated by the extremely low current price and the thousands of recently developed unconventional natural gas wells that are shut-in. Unconventional natural gas production from "dry" wells (those that don't produce useful petroleum liquid products) is at a virtual standstill.
This signals that some recovery in North American natural gas prices is likely—to the range of $4 per thousand cubic feet, perhaps—which would be welcomed by producers. Consumers who heat their homes with gas, and chemical companies and other manufacturers who rely on this raw material for producing petrochemical and polymers, should enjoy several decades of abundant supply.
It will take time for the demand for gas to grow, and it is uncertain how rapidly and how far it will. Incremental gas production will initially go the power sector, displacing coal-generating plants. Natural gas will offer the cheapest way to produce electricity, at six cents per kilowatt-hour—more than 20% lower than new coal, nuclear or most renewable alternatives. Because of its low price, some natural gas will also be used to extract crude from Canada's oil sands. But the main question will be how much natural gas displaces higher-priced gasoline and alcohol fuels in transportation.
The historic ratio between the cost of natural gas and oil on an energy-equivalent basis—one to six—means that there is a tremendous economic incentive to develop new natural gas technologies for purposes including compressed natural gas vehicles, gas-to-liquid conversion, and methanol that could be used as a transportation fuel or blended into synthetic diesel fuel.
Then there's the potential for natural-gas exports from America, which is suggested by the massive discrepancy in prices between North America ($2.50-$4 per thousand cubic feet), Europe ($10) and Asia ($15). The U.S. government is likely to grant several export licenses for liquefied natural gas (LNG), but this promises to be politically controversial. If the U.S. takes a protectionist position, the North American gas market's integration assures that LNG will be exported from Canada and Mexico.
A critical point is the danger posed by public objections to hydraulic fracturing because of its environmental impact. Hundreds of thousands of wells will be drilled across the country, including in states unfamiliar with oil and gas activities, such as New York, Pennsylvania and Ohio.
The impact on air and water quality is significant. Above ground, the equipment needed to power drilling, fracturing and perforation emits pollutants that impair visibility and air quality. Production also yields significant amounts of water containing salts and dissolved organic compounds, which cannot be released into the environment. The venting of natural gas is a particular concern since methane is a potent greenhouse gas.
It's commonly said that the environmental impact is manageable with industry best practices and strong, independent regulation. Unfortunately, I do not yet see actions in the field that justify these statements of good intentions. Cooperation between the Environmental Protection Agency and state regulatory agencies, which share supervisory responsibility for oil and gas drilling on private lands, is strikingly contentious. Comprehensive air and water quality regulations are not set.
Industry should be commended for its initiatives to assure the public about its attention to environmental concerns, but industry leaders can go further. They should adopt a policy of measuring key environmental indicators such as water use and water composition throughout the process—from initial acquisition to retention in lined surface ponds or tanks, disposition in deep waste water wells, re-use in subsequent fracturing operations, or treatment. The key is to gather performance data from the field, publicly disclose these measurements, and commit to continuous improvement as this industry grows.
Mr. Deutch, a professor at MIT, has served as undersecretary of energy, deputy secretary of defense, and director of the CIA. He serves on the board of directors of Cheniere Energy and previously sat on the boards of Schlumberger, CMS Energy and Citigroup.
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Macd charting hourly should hit .015 to plus .02 Last hour is going to be super fun quantum surge happening now! Volume and PPS will move swiftly last hour of trading major milestone announcements coming new 52 week highs will blast by! Level looking awesome! Loving it!