The Rising Influence of Rising Affluence

[OakesCS]

DOE frack panel

i suspect obama will get something quite different than what he expects. From a superficial perspective the panel is composed of a mix of quasi-industry, environmental, and academic 'experts'. I know most of the people on the panel are very liberal and i suspect all are of that persuasion, however, that doesn't matter much beyond that they'll give obama something they think he wants. What is more important and is a shared goal of the panel members is that they all want higher natural gas prices - whether they want that explicitly or not. The large multinational production and service companies that have been expanding or trying to expand their operations in shale gas will also be quite happy with the higher price goal. So the stars are aligned for everyone but those whose are crimped by higher natural gas prices.
cheers,
Charlie