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[QUOTE]Originally posted by Happy Valley: [QB] Im in no way defending big oil, the point I was making earlier was that the reckless actions of many of theses brain dead operators will have lasting consequences. If U.S. Shale implodes because we continue to flood the market at depressed prices just to keep the lights on, we will be right back to where we were before the shale boom started. There will be very little consolidation here, the MLPs and service sector has already been making moves but there has been virtually nothing with the operators and there won't be, the liquidity isn't there, even with the domestic majors. Even if they could buy these companies outright, why would you take on their rotten balance sheets when bankruptcy is inevitable? There will be plenty waiting in line to take the acreage and production of these companies though. Probably use the proceeds from the crude short contacts they bought before they decided it's time to let US shale bury itself. I could not agree more about your thoughts on natural gas. We have already seen massive conversion from coal to natty and I think we will see more once the pipelines and processing is in place. Not familiar with CA but most of the gas fields in the Utica and Marcellus are in the middle of nowhere with extremely limited access. These are huge projects and It takes time and vast sums of money to get the pipeline from point A to point B. It will happen, just need the infrastructure in place first. As far as other forms of energy, it's a long road for sure but I don't think it's entirely out of the question either. Im not sure guys like Elon Musk can be bought by the XOM and CVX of the world. I think he will inspire future innovators and visionaries to adopt the same mindset. [/QB][/QUOTE]
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