News

Gamechanger is just one of the terms being used to describe emerging shale gas plays across North America. In light of the red-hot intensity surrounding the largest of these, the Marcellus Shale Gas play, now recognized as the largest unconventional natural gas reserve in the world, it seems particularly relevant to remember the Greek philosopher Heraklietos and his axiom, that change is the only constant in the universe.

The American Gas Association (AGA) announced March 10 that it will sponsor a "strategic conference and technical exhibition revolving around new discoveries of shale gas" November 3-5 at the Gaylord Texan Resort in the Dallas, TX metro area.

Forecasting the prices of commodities such as natural gas and crude oil is far from a scientific endeavor. Sure, statistics, computer modeling, mathematics and more scientific means play a role in the eventual outlook, but it is pure art. A ouija board would be an ideal instrument in the forecasting business.

To have been a fly on the wall when GE Chairman and CEO Jack Welch picked up the phone in 1997 and called one of his rising young stars, a fellow named Claudi Santiago, about heading a new business segment that would later be called GE Oil & Gas.