re: using natural gas to hurt russia

quote:

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The analysts and experts on CNN yesterday said that if oil drops below $90 a barrel and NG falls to similar levels (idk the exact #) then Russia gets put in a bind.

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What do you think would happen to US tight oil and shale oil if oil dropped below $90 a barrel? Rigs would start laying down and production would begin to drop quickly here, so that's a double edged sword. Gas prices would essentially be the same thing. The need for LNG is to link American production to the worldwide rates as domestic prices are much lower than in other parts of the world, namely Asia.