Be Forewarned - Will "The Port", In Light Of Its Current Troubles, Be Able To Withstand The Onslaught?
And here's one of the best points yet as to why "PofA" needs to stand firm and look for whatever tools are necessary to stop this bleeding and wrest that 90-plus acres of Skipanon Peninsula back from this "Energy Speculator, OLNG and put it to better use to "Our" benefit, not that of a holding company bolstered, from all appearances, private coporation that is essentially starting from dead zero on a scheme with no market and for potentially 60 years of control for $39,000 a year for God's sake?....."Cameron Horowitz, an analyst at SunTrust Robinson Humphrey, said increased domestic supplies of natural gas have slashed prices, killing the demand for LNG imports. Two other companies trying to develop LNG facilities in Oregon would face "slim" prospects of success, he said."Every year for the past five years, there's been talk that this country would be flooded with LNG imports, but it has never come to fruition," he said from Houston. "Given the outlook for U.S. natural gas prices and the rest of the world, I don't see it coming to fruition at all over the next five years."Horowitz said LNG facilities on the Gulf of Mexico have been trying to win permission to ship LNG stockpiles back overseas.NorthernStar's bankruptcy filing listed assets of $165,930 and liabilities of about $129.5 million"..
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