Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:08 AM

GasBuddy News Article

24
votes
Plan for U.S. natural gas exports brings talk of economic boon, fears of failure

Foxnews -- Not long ago, the U.S. was facing the prospect of spending billions to import pricey natural gas from overseas to heat our homes, fuel electrical generation and run our city buses. The industry was furiously building terminals to handle what was sure to be enormous ship traffic from places like Qatar and the United Arab Emirates.

Now -- as a result of the ‘fracking’ revolution -- the federal government is considering 15 applications to build huge facilities to liquefy natural gas from U.S. shale deposits and send it overseas.

The ability to tap natural gas from unconventional sources has quickly made the U.S. one of the world’s leading producers. But success has a downside. The price of gas domestically is near historic lows. In some places, companies are pulling back exploration beca


Read the Full Article

Submitted Dec 18, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Plan for U.S. natural gas exports brings talk of economic boon, fears of failure Back to Topics
REPLIES (newest first) Post a Reply
rjhenn
Champion Author Des Moines

Posts:29,773
Points:2,964,020
Joined:Aug 2005
Message Posted: Dec 19, 2012 5:43:43 PM

diesel8888 - "If we have the extras, why not. But keep prices low at the home front to stimulate the economy."

The whole point of exporting NG is to increase prices at home.
remay
Champion Author Houston

Posts:10,130
Points:2,932,065
Joined:May 2006
Message Posted: Dec 19, 2012 11:35:23 AM

"The ability to tap natural gas from unconventional sources ..."

Just hope it all isn't short term...
diesel8888
Champion Author Salt Lake City

Posts:4,078
Points:1,130,770
Joined:Nov 2011
Message Posted: Dec 19, 2012 10:27:21 AM

If we have the extras, why not. But keep prices low at the home front to stimulate the economy.
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Dec 19, 2012 9:40:58 AM

Anything to increase the price here.
jrs4125
Champion Author Indiana

Posts:4,993
Points:1,375,365
Joined:Sep 2011
Message Posted: Dec 19, 2012 8:13:02 AM

Ship baby ship..... it will last forever right?
prcoqui
Champion Author Maryland

Posts:5,837
Points:2,187,675
Joined:Dec 2006
Message Posted: Dec 19, 2012 5:29:01 AM

Yesterday news.
tomok
Champion Author Portland

Posts:46,781
Points:3,169,435
Joined:Aug 2006
Message Posted: Dec 19, 2012 3:52:50 AM

Plan for U.S. natural gas exports brings talk of economic boon, fears of failure? Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. There will Not be much cheaper fuel prices for the US. More refineries are Not the answer, Stop exporting fuel is!
The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
smoketown
Champion Author Cincinnati

Posts:9,388
Points:2,164,060
Joined:Feb 2008
Message Posted: Dec 18, 2012 2:56:42 PM

I don't watch or read foxnews , one sided stories.
tankumo
All-Star Author Vancouver

Posts:960
Points:404,845
Joined:Dec 2012
Message Posted: Dec 18, 2012 2:56:28 PM

CNG price is much much higher overseas, so exporting NG makes a lot of sense. Canada and US have huge potential, too bad we can't have a piece of the pie.

marsbars
Champion Author Alaska

Posts:3,749
Points:1,475,555
Joined:Sep 2006
Message Posted: Dec 18, 2012 2:50:03 PM

This is not true in Alaska, prices are up here.
eagle_scout
Champion Author St. Louis

Posts:9,686
Points:2,237,120
Joined:Jul 2004
Message Posted: Dec 18, 2012 2:29:45 PM

There go prices for us here in the US
MrPony
All-Star Author North Carolina

Posts:811
Points:1,042,240
Joined:Jul 2004
Message Posted: Dec 18, 2012 2:24:49 PM

We shouldn't export until we no longer inport!
nickatnite
Veteran Author Indianapolis

Posts:373
Points:877,725
Joined:May 2012
Message Posted: Dec 18, 2012 2:19:20 PM

As Randolf Duke says at the end of "Trading Places" with Eddie Murphy and Dan Akroid, "Sell! Sell! Sell!"
carloco75
Champion Author Richmond

Posts:7,025
Points:1,401,395
Joined:Oct 2010
Message Posted: Dec 18, 2012 2:18:53 PM

Blah Blah Blah...
julius1st4
Champion Author Ontario

Posts:5,322
Points:1,401,030
Joined:Jul 2003
Message Posted: Dec 18, 2012 2:09:47 PM

TALK IS CHEAP. It will take 5 years to get the "Infrastructure" in place to EXPORT the "Natural Gas'' [Pipelines/Distribution Network/CNG facilities/Haulage/ etc.} All this stuff doesn't happen "OVERNIGHT".

And, how about "Environmental"issues and "Public" hearings.???
Holly123
Champion Author Charlotte

Posts:6,112
Points:1,591,975
Joined:Dec 2010
Message Posted: Dec 18, 2012 2:02:12 PM

Good points mentioned below ..
Bonito
Champion Author Dayton

Posts:19,278
Points:3,724,360
Joined:Jun 2004
Message Posted: Dec 18, 2012 1:57:15 PM

Should be a ban on exporting our gas, natural gas, and oil!
TheDix
Champion Author Ontario

Posts:3,683
Points:968,890
Joined:Dec 2009
Message Posted: Dec 18, 2012 1:56:18 PM


When all the fracking goes viral the water will go virus and you will be importing water at $ 4.00/gallon.
snappytom2
Champion Author Corpus Christi

Posts:6,434
Points:419,120
Joined:Jul 2008
Message Posted: Dec 18, 2012 1:49:16 PM

I agree with deputydog082.
deputydog082
Champion Author Detroit

Posts:4,384
Points:1,381,335
Joined:Apr 2011
Message Posted: Dec 18, 2012 1:46:40 PM

how about keeping our gas here and lowering our domestic prices to help the economy?
Buck_on_Bass
Champion Author Tennessee

Posts:11,368
Points:2,105,920
Joined:Jul 2007
Message Posted: Dec 18, 2012 1:38:43 PM

In many places around the world natural gas is 2 to 4 times the North American price. With the price difference it was only a matter of time before someone attempted to begin exporting natural gas.
truckpdlr
Champion Author Tucson

Posts:6,090
Points:1,897,115
Joined:Sep 2009
Message Posted: Dec 18, 2012 1:34:47 PM

No exports!!!
Sam195
Champion Author San Bernardino

Posts:11,380
Points:2,362,455
Joined:Oct 2008
Message Posted: Dec 18, 2012 1:32:18 PM

Let them export to keep production going.
#12#_vabchusa
Champion Author Virginia

Posts:4,007
Points:866,510
Joined:Jun 2004
Message Posted: Dec 18, 2012 1:30:51 PM

Lets export everything at less than it costs to replace,,...seems like the american way nowday.
njerald
Champion Author Seattle

Posts:11,041
Points:2,424,375
Joined:Oct 2007
Message Posted: Dec 18, 2012 1:27:56 PM

Liberals will always WHINE............
Barfood
Champion Author St. Louis

Posts:3,836
Points:1,638,465
Joined:Jun 2009
Message Posted: Dec 18, 2012 1:27:34 PM

Maybe this will eventually lead to a lower national debt.
Taurus1
Champion Author Ohio

Posts:5,857
Points:2,356,855
Joined:Apr 2006
Message Posted: Dec 18, 2012 1:25:14 PM

Out of difficulties come inspiration and solutions.
UBDave
Champion Author British Columbia

Posts:1,807
Points:2,124,915
Joined:Oct 2008
Message Posted: Dec 18, 2012 1:22:55 PM

Eventually it will all run out!!
bluebird1
Champion Author Toronto

Posts:19,108
Points:3,892,670
Joined:May 2004
Message Posted: Dec 18, 2012 1:17:40 PM

Keep it flowing boys...maybe someday we'll have Ng cars!!!
midnightsdc
Champion Author Ontario

Posts:4,469
Points:2,146,920
Joined:Jan 2007
Message Posted: Dec 18, 2012 1:15:58 PM

Keep it at home.
fencemanNY
Veteran Author New York

Posts:454
Points:554,035
Joined:Jul 2008
Message Posted: Dec 18, 2012 1:15:25 PM

So before we put a dime of public money into export, lets figure out every way we can use that CNG here in the US. America first!
jimmy544
Champion Author Boston

Posts:7,881
Points:1,404,905
Joined:Feb 2011
Message Posted: Dec 18, 2012 1:14:05 PM

Exporting OUR gas is like exporting OUR oil. It means we will have less in the future and will pay a higher price for OUR gas. Simple as that.
paulp24
Champion Author Harrisburg

Posts:7,540
Points:1,625,460
Joined:Dec 2010
Message Posted: Dec 18, 2012 1:12:23 PM

Time will tell
alkarn
Champion Author Riverside

Posts:4,337
Points:1,023,355
Joined:Jul 2012
Message Posted: Dec 18, 2012 1:11:50 PM

Hmm.
kelly1016
Champion Author Victoria

Posts:1,953
Points:353,465
Joined:Oct 2011
Message Posted: Dec 18, 2012 1:11:41 PM

The race for profit will leave the USA with ashortage again. Fracking may be crerating a new source but it is likely the last source and if it is exported for the profit of companies, later on Customers will be paying more to heat their hmes. Better to develope it as you need it.
HEBster
Champion Author Kentucky

Posts:12,026
Points:3,171,565
Joined:May 2006
Message Posted: Dec 18, 2012 1:11:09 PM

Boom!
Tralp
Champion Author North Carolina

Posts:4,065
Points:1,008,355
Joined:Oct 2012
Message Posted: Dec 18, 2012 1:09:12 PM

It needs to stay here in the US
Toppers
Champion Author Atlanta

Posts:12,312
Points:3,290,650
Joined:Mar 2005
Message Posted: Dec 18, 2012 1:08:26 PM

Wish we'd learn how to use more!
nskmda
Champion Author Grand Rapids

Posts:1,933
Points:897,570
Joined:May 2007
Message Posted: Dec 18, 2012 1:07:16 PM

@pricechecker08
that's main concern
19sheldon43
Champion Author Los Angeles

Posts:3,979
Points:843,010
Joined:Jul 2009
Message Posted: Dec 18, 2012 1:06:52 PM

Were a long way off from energy stabilization, were still taking baby steps
Cheepo
Champion Author Tampa

Posts:13,192
Points:3,926,275
Joined:Apr 2003
Message Posted: Dec 18, 2012 1:06:39 PM

Drill baby drill and keep it here!!!!!!
wshutton
Champion Author Albuquerque

Posts:5,004
Points:1,716,285
Joined:Mar 2009
Message Posted: Dec 18, 2012 1:04:15 PM

Perhaps we should design these facilities to handle outgoing and incoming LNG. A few short years ago we were looking at importing LNG. That day may come again.
satrn38mpg
Champion Author Raleigh

Posts:8,308
Points:1,837,915
Joined:Sep 2009
Message Posted: Dec 18, 2012 1:03:58 PM

another bunch of speculation ..
Discovery02
Champion Author Colorado Springs

Posts:8,885
Points:1,089,295
Joined:May 2012
Message Posted: Dec 18, 2012 1:01:59 PM

Production will be controlled to keep prices/profits high.
Tiernan2012
Champion Author Sacramento

Posts:4,460
Points:972,200
Joined:Oct 2012
Message Posted: Dec 18, 2012 12:58:58 PM

Economic forecast today is talk of economic boon, with strong fears of failure. Our next segment, "The 'fracking' revolution - a Cylon conspiracy?" after these messages...
CatMan623
Champion Author Houston

Posts:24,591
Points:3,172,100
Joined:Aug 2006
Message Posted: Dec 18, 2012 12:58:33 PM

Gotta make that extra dollar today. Screw the future.

The new "American Way"
91Hilux
Champion Author New Haven

Posts:3,369
Points:1,393,965
Joined:Aug 2007
Message Posted: Dec 18, 2012 12:58:15 PM

Fraking has its issues, it's not a cure all...
ChristinaCricke
Champion Author New Jersey

Posts:7,015
Points:1,546,705
Joined:Mar 2011
Message Posted: Dec 18, 2012 12:57:04 PM

ok
RichFWA
Champion Author Tacoma

Posts:2,541
Points:634,575
Joined:Mar 2011
Message Posted: Dec 18, 2012 12:57:01 PM

If they will buy it then go ahead and export it.
olebufnav
Champion Author Omaha

Posts:7,614
Points:1,790,315
Joined:Nov 2008
Message Posted: Dec 18, 2012 12:55:51 PM

Let's make money off the other countries for a change.
BurkeDevlin
Champion Author Maine

Posts:1,110
Points:274,450
Joined:Sep 2012
Message Posted: Dec 18, 2012 12:54:29 PM

Thanks
Post a reply Back to Topics