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U.S. natural gas prices reshaping global market

Market Watch -- The U.S. natural gas bonanza is pushing suppliers in other regions to lower prices in some contracts even before the country ships its first cargo of liquefied natural gas overseas.

The supply glut unleashed by hydraulic fracturing has made U.S. natural gas much cheaper than anywhere else in the world. The price differential is a powerful incentive for companies seeking to export it, and the first cargoes are expected in the middle of this decade. But the ripple effect is already being felt, as companies in Japan, Chile and other countries are already trying to factor in the U.S. market's stable prices to change the way natural gas has been traded globally for years.

"Even if the U.S. is not yet exporting LNG, it is already having an impact on suppliers around the world," said Leslie Pa


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Submitted Dec 13, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 14, 2012 9:32:26 PM


Interesting article! Thanks for posting.
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bevmill
Champion Author Georgia

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Message Posted: Dec 14, 2012 5:42:15 PM

Hope this keeps natrual gas prices low in the states.
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sydb7
Champion Author Atlanta

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Message Posted: Dec 14, 2012 4:29:06 AM

This is not going to affect prices on the domestic market as this new found gas is for export!
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Dec 14, 2012 2:54:36 AM

There's hope for world economies when a material input cost is heading south
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METEOR49
Champion Author Ontario

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Message Posted: Dec 13, 2012 11:11:35 PM

why hasn't it affected oil prices the same way, we have a glut of that too .
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judgemobile
Champion Author Ohio

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Message Posted: Dec 13, 2012 11:08:20 PM

get the environmentalist wackos out of the way, and prices will drop to where they were in May: about $ 1.91 (now well over $ 3)
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gasmack
Champion Author Ventura

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Message Posted: Dec 13, 2012 11:07:00 PM

Hmmmmm.....
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boatfloyd
Champion Author Jacksonville

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Message Posted: Dec 13, 2012 11:07:00 PM

We can sell it cheap.
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Ferdman17
Champion Author Albany

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Message Posted: Dec 13, 2012 11:05:53 PM

It's a great idea until the tree huggers get there way.
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billy44bo
Champion Author Mobile

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Message Posted: Dec 13, 2012 11:05:35 PM

And this is bad how?
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RitaVespa
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Message Posted: Dec 13, 2012 11:02:48 PM

Interesting
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jim27106
All-Star Author North Carolina

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Message Posted: Dec 13, 2012 11:02:38 PM

When the drillers have to pay for the water supplies they polute (Dimock, PA; Buffalo, WY) that is going to change.
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cheaper0ON
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Message Posted: Dec 13, 2012 11:01:48 PM

Good.
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Robert44
Champion Author Columbus

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Message Posted: Dec 13, 2012 10:59:30 PM

Great news!!!
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clermont40miles
Champion Author Cincinnati

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Message Posted: Dec 13, 2012 10:55:26 PM

This is good and will last unless the greenies shut down fracking.

And make no mistake that EcoNutz intend to stop anything that helps America.
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joeschmo12
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Message Posted: Dec 13, 2012 10:53:28 PM

our country will be a monster @ exporting this stuff.
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Red7002011
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Message Posted: Dec 13, 2012 10:52:33 PM

Really!
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Dec 13, 2012 10:52:17 PM

WHEN WILL I BE ABLE TO AFFORD ANY VEHICLE-HYBRID,ELECTRIC,OTHERS.....NEVER.
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Dec 13, 2012 10:51:12 PM

yES IN A GOOD WAY?
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SavALot
Champion Author Virginia Beach

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Message Posted: Dec 13, 2012 10:50:41 PM

hopefully it's reshaped in a good way
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BREW9
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Message Posted: Dec 13, 2012 10:47:57 PM

ok
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marion1739
Champion Author Missouri

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Message Posted: Dec 13, 2012 10:44:15 PM

Till they go up faster than oil by one of the created shortages
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diabloMN
Veteran Author Twin Cities

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Message Posted: Dec 13, 2012 10:41:23 PM

ok
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Yonkers111
Champion Author Scranton

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Message Posted: Dec 13, 2012 10:40:01 PM

Let's get the oil now.
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speedys
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Message Posted: Dec 13, 2012 10:38:51 PM

Only time will tell.
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pgerassi
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Message Posted: Dec 13, 2012 10:37:44 PM

My heating bill is mostly fixed charges. I used only 12 therms last month which cost me just $6.48. I paid another $18 in charges for meter reading, connection, billing and fees.
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mcmonsta
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Message Posted: Dec 13, 2012 10:37:42 PM

now let us not screw this up for our own nation
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MG_Sputnik
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Message Posted: Dec 13, 2012 10:35:14 PM

They'll find a way to screw us over.
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feldagast
All-Star Author Toledo

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Message Posted: Dec 13, 2012 10:32:57 PM

0bama hasn't found a way to shut it down yet
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mstearno
Champion Author Dayton

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Message Posted: Dec 13, 2012 10:28:53 PM

flognut
do you think Obama understands that?
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karlet
Veteran Author Pittsburgh

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Message Posted: Dec 13, 2012 10:27:06 PM

Funny though, my heating bill does not seem much lower.
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FlogNut
Champion Author Chicago

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Message Posted: Dec 13, 2012 10:24:31 PM

Amazing!!!!! A large increase in supply has a downward impact on prices! Whoda thunk it???
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DEG
Champion Author Las Vegas

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Message Posted: Dec 13, 2012 10:23:05 PM

Put an export tax on CNG/LNG.
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lowspeed
Champion Author Akron

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Message Posted: Dec 13, 2012 10:23:04 PM

good for us
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fowlcan
Champion Author Oklahoma City

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Message Posted: Dec 13, 2012 10:22:45 PM

Interesting article. Go CNG!
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gd83goldwinger
Champion Author South Bend

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Message Posted: Dec 13, 2012 10:19:03 PM

Lower prices will never be seen. They will make it out as this or that.
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GNo1
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Message Posted: Dec 13, 2012 10:15:14 PM

ok
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Vette1967
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Message Posted: Dec 13, 2012 10:14:49 PM

Some interesting pricing may be coming our way in the short term only to be jacked up later.
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ktbaeohana
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Message Posted: Dec 13, 2012 10:12:43 PM

watch and see.
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abcdMA
Champion Author Worcester

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Message Posted: Dec 13, 2012 10:10:32 PM

We need to use more of our own natural gas
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suzmar
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Message Posted: Dec 13, 2012 10:06:37 PM

We need to exploit our resources as OPEC as exploited theirs.
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SandeeC
Champion Author Ontario

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Message Posted: Dec 13, 2012 10:06:23 PM

So get the infrastructure in there and lower priced vehicles to use it. The faster the better the way the price is oil is predicted to go.
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postcard9
Champion Author Massachusetts

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Message Posted: Dec 13, 2012 10:05:11 PM

Find a way to use more of it in U.S.
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lsb1955
Champion Author Salt Lake City

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Message Posted: Dec 13, 2012 10:03:48 PM

cheaper than oil
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Harry813
Champion Author Iowa

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Message Posted: Dec 13, 2012 10:03:12 PM

We should be using more of it here!
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Lukus
Champion Author Halifax

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Message Posted: Dec 13, 2012 10:02:34 PM

OK be great if it were gas prices.
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Dec 13, 2012 9:59:31 PM

Yikes!!!
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mlmeng
Champion Author Michigan

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Message Posted: Dec 13, 2012 9:59:27 PM

Lets get more CNG cars.
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Lbro
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Message Posted: Dec 13, 2012 9:57:47 PM

Wow!
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wayoung56
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Message Posted: Dec 13, 2012 9:56:36 PM

Hmmm...
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