09-30-2014, 06:15 AM
'mikesioc' pid='50162' datel Wrote:Anyone getting a warm feeling for the billions of Kina for the local population? Still having trouble over the billions of dollars lost for IOC shareholders? $90 to $55 in 16 months is not maximizing value but the lemonade stand is open for business! Construction by 2016? Construction of what? A new LNG facility? I've got some beach front property in Arizona for you if you believe that one.
After around five years of planning to date it doesn't seem so unlikely that construction could begin in 2016. Their is no less capital intensive alternative to petroleum anywhere on the horizon than natural gas, or evidence of a clearly higher margin LNG facility anywhere in the world than one supplied by E/A. But then maybe you believe China and India have plans to reduce per capita energy consumption in the next few decades.