Mr. H.
Diamond Member
One guarantee 10 years from now the price of oil will be higher than now.
And even higher 20 years from now.
I think we need to more fully utilize our natural gas far more than we have been.
We vent and burn off more natural gas than some countries use.
If you really believe that, then I strongly suggest you buy massive quantities of oil futures.
Natural gas good (better anyway).
Venting (flaring) natural gas at onshore production facilities is necessary to bring the crude to the surface and into the tanks (or pipeline). The amount flared is often minimal compared to the value of the oil. Besides, to get that gas into a pipline (if there's a pipeline) requires a very expensive contract, pressurization, and (often) de-watering and de-sulphering equipment.
Nat gas is flared offshore during production tests. Or testes .