Word: greates
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...their wells, which could be bad for them in the long term; give gas away for free, which has happened before when producers did not want to halt production; or flare it - burn it off into the atmosphere. With production decreasing because of low price incentives and a great deal of gas likely being lost from capping wells and flaring gas, the oversupply will not last, and the price will be pushed higher by supply and demand fundamentals. The natural gas futures traded on the New York Mercantile Exchange (NYMEX) imply that natural gas prices will more than double...
...great pricing inefficiency arises because this natural gas speculator is following a predefined plan - and the plan is publicly known. Plus, it's a foolish one. A fund that invests in long-term natural gas prices is taking needless risk in placing significant money in the short-term futures market...
...German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...Wednesday by Israel's Maagar Mohot polling company, two-thirds of respondents said they share the hard-right's refusal of any freeze on West Bank settlement - even if Arab nations reward such a move. Meanwhile, the hardship and anger produced in Palestine - and in Gaza particularly - is so great that slow but sure peace progress may not be enough...
...risk is that the hopelessness and helplessness has become so great by the time you reach the final destination that people on both sides say, 'All that, just for this? Forget it,' " Mekelberg says. "On the other hand, really big breakthroughs clearly aren't in the cards right now, so small steps are really the only choice you have. When things are this tight, small movement is big compared to no movement." (See pictures of Israeli soldiers sweeping into Gaza...