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Thursday, May 31, 2007 11:23:43 AM
http://www.eia.doe.gov/emeu/steo/pub/contents.html
...then 3.5mil cf/1000 = 3500 * 7.8USD = $27,000 in gas also for May. Anyone else agree to this or am I calculating it wrong.
...and if this is correct then the possible 1.5 trillion cf in gas converts to 1,500,000,000,000 / 1000 = 1,500,000,000,000 * 7.8 = 11.7 billion USD in gas to be recovered by someone. Is Allenenergy that someone? They'll at least take a chunk of it.
This is at least an additional 324,000.00 every year and this number will grow as more wells are tapped. This is good news. Anyone agree?
This is all based on a market value of about 7.8 bucks per 1000cf of gas.
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