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STO $6.25

peak oil pricing

  1. goldbear77

    6,196 Posts.
    you guys have raised a really interesting point - im wondering how the price market will work when developing countries like Australia are short energy yet globally there's a glut.

    do we see US shale gas being sold to australia?

    i think what all this speaks to is the probability that our domestic focused energy plays should have a few years of supraprofit - agl, ctx etc - while our export energy stocks get hammered.

    then it has to even out surely - there must be some optionality for glng gas to switch to domestic use??

    on another point - a very interesting comment on cnbc this morning - there is some expectation we may actually approach the point where oil storage in the US is actually maxed out and surplus has nowhere to go.

    what a thought eh.

    suspect a v bottom and fast retracement in that scenario

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