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Author Topic: Exports of American Natural Gas May Fall Short of High Hopes Back to Topics
skb69sa
Champion Author
San Antonio

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Message Posted: Jan 5, 2013 12:23:52 PM

Only five years ago, several giant natural gas import terminals were built to satisfy the energy needs of a country hungry for fuels. But the billion-dollar terminals were obsolete even before the concrete was dry as an unexpected drilling boom in new shale fields from Pennsylvania to Texas produced a glut of cheap domestic natural gas.

Now, the same companies that had such high hopes for imports are proposing to salvage those white elephants by spending billions more to convert them into terminals to export some of the nation’s extra gas to Asia and Europe, where gas is roughly triple the American price.

Just like last time, some of the costly ventures could turn out to be poor investments.

Countries around the world are importing drilling expertise and equipment in hopes of cracking
Visit NY Times for full article
REPLIES (newest first) Post a Reply
MAC48
Champion Author Dallas

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Message Posted: Jan 7, 2013 3:31:14 AM

Any country that has natural gas or oil locked up in shale formations will have the good sense to import the US fracking technology and fracking expertise instead of US produced natural gas in the form of LNG one would think.
iFueler
Champion Author Durham

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Message Posted: Jan 6, 2013 3:13:46 AM

forecasts often do not match reality
dwbuddy
Champion Author Fort Worth

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Message Posted: Jan 6, 2013 1:44:27 AM

oh no...owners and fund managers overselling a stock...never! it never happens in the U.S.
LostInNY
Champion Author New York

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Message Posted: Jan 6, 2013 12:51:44 AM

over ambitious estimates to bump up stock prices!
tankumo
All-Star Author Vancouver

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Message Posted: Jan 5, 2013 9:52:43 PM

Yap, Sierra Club will be there to stop everything.

What's their solution?

investmentdr
Champion Author Cleveland

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Message Posted: Jan 5, 2013 8:40:51 PM

many places have shale gas
playtimeCLE
Champion Author Cleveland

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Message Posted: Jan 5, 2013 8:05:22 PM

Seems like it might be smart to have the capability to import or export from those sites.
skinsfan125
Champion Author Virginia

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Message Posted: Jan 5, 2013 7:48:07 PM

the company will do what makes them the most money. If they can make an extra dollar exporting it, that is what they are going to do.
Zing20
Champion Author Fresno

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Message Posted: Jan 5, 2013 7:46:26 PM

Don't export keep it here.
knutzAL
Champion Author Alabama

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Message Posted: Jan 5, 2013 6:39:54 PM

keep it here.
eschroth442
Champion Author Cleveland

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Message Posted: Jan 5, 2013 5:14:44 PM

a day late and a dollar short.
ktbaeohana
Champion Author Las Vegas

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Message Posted: Jan 5, 2013 4:22:08 PM

watch and see.
TC5504
Champion Author West Virginia

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Message Posted: Jan 5, 2013 4:03:55 PM

Would say some big money changed hands.
SteveSeattle
All-Star Author Seattle

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Message Posted: Jan 5, 2013 3:07:10 PM

Money talks = tax break for exporters ...
Wally3023
Champion Author Pennsylvania

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Message Posted: Jan 5, 2013 2:58:11 PM

No exports
fedupMN
Champion Author Twin Cities

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Message Posted: Jan 5, 2013 2:54:18 PM

I suspect someone got some tax breaks....
bcline909
Veteran Author Virginia

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Message Posted: Jan 5, 2013 2:06:16 PM

hmm
NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 5, 2013 1:55:29 PM


Good. Keep it in the USA as a USA natural resource. Simply use these giant NG storage terminals for U.S. domestic use. Not enough profit in that, eh.
gizbo123
Champion Author Los Angeles

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Message Posted: Jan 5, 2013 1:53:14 PM

Still would like to know why we are importing if we export. Those other countries have their own resources, let them drill for it and keep our prices down.
humblepie
Champion Author Toledo

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Message Posted: Jan 5, 2013 1:36:03 PM

for the poor and middle class sakes, lets hope not
7SPEEDY7
Champion Author Flint

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Message Posted: Jan 5, 2013 12:49:10 PM

really?
BigRedVTX
Champion Author Georgia

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Message Posted: Jan 5, 2013 12:48:42 PM

Ah, the other side of the coin. Heads, everyone wants our natural gas and talk of super export deals abound.
Tails, too expensive to build the terminals (for most) to fulfill the world's needs.
And just like the proverbial coin toss, it's 50/50 chance to go either way.
dandvicb
Champion Author Bridgeport

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Message Posted: Jan 5, 2013 12:24:42 PM

wait until the speculators get a hold of it..... remember $25 oil???????
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