Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:12 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: America: On the Verge of Exporting LNG Back to Topics
GasPasserAB
Champion Author
Edmonton

Posts:33,500
Points:1,294,200
Joined:Apr 2010
Message Posted: Apr 30, 2013 4:31:02 PM

In the past decade, drillers have unlocked so much unconventional play, that America is enjoying record gas supplies and prices that are just a quarter of what Eastern countries pay. It is estimated that the annual U.S. gas supply could grow a further 25 percent by 2035, according to the U.S. Energy Information Administration (EIA).

This phenomenon is being noticed globally and many are asking if America should begin to export liquefied natural gas (LNG) to lead the nation's return to economic health and restore its status as a global energy leader.

"A superpower does not punch below its weight class and stay a superpower forever," Dominion Chairman, President and Chief Executive Officer Thomas F. Farrell II said in a press release at the at the U.S. Chamber of Commerce's Institute f
Visit Rigzone for full article
REPLIES (newest first) Post a Reply
NedW
Champion Author Indianapolis

Posts:8,113
Points:1,728,020
Joined:Mar 2008
Message Posted: May 2, 2013 2:41:34 AM

Thank you for submitting this article, GasPasserAB.
jimgraham
Champion Author Akron

Posts:13,632
Points:2,757,660
Joined:Oct 2007
Message Posted: May 2, 2013 1:46:54 AM

I hope not.
Bttlecat
Champion Author Oklahoma City

Posts:2,996
Points:651,450
Joined:Jan 2013
Message Posted: May 1, 2013 10:41:27 PM

Usually sales of an US product will have some positive effect on the US economy
eschroth442
Champion Author Cleveland

Posts:3,098
Points:860,145
Joined:Nov 2011
Message Posted: May 1, 2013 10:35:26 AM

they sell more and our prices go up. And the rich get richer
crep1291
Champion Author Ottawa

Posts:3,156
Points:562,190
Joined:Dec 2010
Message Posted: May 1, 2013 9:57:54 AM

"Well that should boost the price of electricity. Thanks for nothing "

And heating. And fertilizers. And hydrogen. And natural gas will no longer be competitive with gasoline. Everyone will pay more. The industry will run commercials saying it will benefit everyone, but it will benefit a few more than the rest...
Goatroper
Champion Author Dallas

Posts:8,576
Points:1,774,095
Joined:Apr 2004
Message Posted: May 1, 2013 8:55:40 AM

Well that should boost the price of electricity. Thanks for nothing
SUNOIL
Champion Author Toledo

Posts:8,484
Points:2,683,685
Joined:Jul 2007
Message Posted: May 1, 2013 6:49:22 AM

Watch the price go up here. It's always about money
Radar1992
Champion Author Virginia

Posts:4,556
Points:1,085,065
Joined:Dec 2011
Message Posted: May 1, 2013 6:33:35 AM

Let keep it here for our use....
dr047
Champion Author Cleveland

Posts:5,559
Points:1,230,415
Joined:Aug 2010
Message Posted: May 1, 2013 6:13:07 AM


Look for an increase in heating bills.
hokieburgh
Champion Author Virginia

Posts:1,870
Points:1,140,565
Joined:Feb 2007
Message Posted: May 1, 2013 5:27:06 AM

time will tell
ss70
Champion Author Detroit

Posts:13,581
Points:2,607,720
Joined:Sep 2005
Message Posted: May 1, 2013 5:08:57 AM

not a great thing..
jrs4125
Champion Author Indiana

Posts:4,989
Points:1,345,860
Joined:Sep 2011
Message Posted: May 1, 2013 4:41:17 AM

This too shall pass.
Bussman
Champion Author Dallas

Posts:8,205
Points:2,030,710
Joined:Nov 2008
Message Posted: May 1, 2013 2:32:27 AM

Good.
MN1
Champion Author Twin Cities

Posts:6,470
Points:1,401,380
Joined:Jun 2011
Message Posted: May 1, 2013 1:06:50 AM

Exporting a fuel source that could help lower US energy costs should be banned until we have our economy back on it's feet and energy prices in check.
TXRanger09
Champion Author Dallas

Posts:4,052
Points:1,368,750
Joined:May 2009
Message Posted: May 1, 2013 12:51:26 AM

There is a balance between re starting America's industrial machine (inexpensive NG) and exporting to steady LNG prices worldwide. Certainly improving our trade deficit at the sametime is a bonus. If we play this right (like real capitalist) there's hope for our kids to work in a superpower country. Like we did. Oh, and using NG to power factories is easier on the planet. Cleaner air. Bonus.
JohnofGB
Champion Author Flint

Posts:8,654
Points:1,870,120
Joined:Feb 2010
Message Posted: May 1, 2013 12:31:58 AM

Without ANY policy out of the Obama administration, what do you expect? If its not green and costly, the he does not back it. Crazy. Its our most abundant fuel supply.
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: May 1, 2013 12:17:35 AM

LostinNY...sending LNG for export has nothing to do with raising our prices. We don't live on an island. Monies from exports are to the benefit of the US.

Bill294 said, " I think this make sense to drive the economic engine with surplus LNG. It's a global marketplace."

Right now NG is dirt cheap, producers need some incentive to drill.

[Edited by: LetemEatCake at 5/1/2013 12:20:14 AM EST]
jetskijerry
Champion Author North Carolina

Posts:7,044
Points:1,533,835
Joined:Mar 2011
Message Posted: May 1, 2013 12:15:19 AM

crooks
jetskijerry
Champion Author North Carolina

Posts:7,044
Points:1,533,835
Joined:Mar 2011
Message Posted: May 1, 2013 12:15:12 AM

we still pay too much
cheapchickKY
Champion Author Lexington

Posts:7,475
Points:1,566,740
Joined:Jan 2011
Message Posted: May 1, 2013 12:11:41 AM

Okay.
CrackedLCD
Champion Author Alabama

Posts:12,266
Points:2,531,030
Joined:May 2008
Message Posted: May 1, 2013 12:11:08 AM

Works for me...
LostInNY
Champion Author New York

Posts:4,840
Points:1,418,860
Joined:Apr 2011
Message Posted: May 1, 2013 12:09:17 AM

yeah, just send all the energy source out of the US....as if we don't pay enough already!!!
bill294
Champion Author Chicago

Posts:1,110
Points:1,048,355
Joined:Mar 2012
Message Posted: Apr 30, 2013 11:07:33 PM

While concern for our energy supplies are raised here, I think this make sense to drive the economic engine with surplus LNG. It's a global marketplace.
davenles
Champion Author Texas

Posts:6,418
Points:1,495,885
Joined:May 2011
Message Posted: Apr 30, 2013 11:06:26 PM

Don't do it.
PathfinderSC
Champion Author South Carolina

Posts:12,884
Points:2,594,135
Joined:Mar 2008
Message Posted: Apr 30, 2013 10:30:07 PM

Think it is bad mistake.
esq262
Champion Author Asheville

Posts:5,866
Points:1,410,235
Joined:Jul 2011
Message Posted: Apr 30, 2013 10:29:20 PM

Let's make sure we have plenty for us.
RBob
Champion Author Portland

Posts:5,242
Points:3,047,975
Joined:May 2004
Message Posted: Apr 30, 2013 9:54:10 PM

It is all a limited resource and needs to be managed for the long run not just for the profits for the oil barons...
rich13251
Veteran Author Toledo

Posts:498
Points:184,780
Joined:Dec 2012
Message Posted: Apr 30, 2013 7:33:49 PM

Sweet !
Infidels
All-Star Author Alberta

Posts:635
Points:127,750
Joined:Apr 2013
Message Posted: Apr 30, 2013 7:29:53 PM

So Thomas F. Farrell is waving the flag talking about being a Superpower so his company can export gas produced by Japanese and Indian companies?
RAE344
Champion Author Virginia Beach

Posts:6,362
Points:1,436,810
Joined:Jun 2011
Message Posted: Apr 30, 2013 7:09:08 PM

Title should read, America on the verge of rising Natural Gas prices.
turboz2012
Champion Author Charleston

Posts:1,027
Points:1,035,120
Joined:Feb 2012
Message Posted: Apr 30, 2013 6:53:22 PM

some how I bet the american people will lose money on this deal
ohrocker
All-Star Author Ohio

Posts:578
Points:79,150
Joined:Mar 2013
Message Posted: Apr 30, 2013 6:19:21 PM

This is good, however, I hope they export to much and get greedy and keep our gas prices high here.
LanguageMan1
Champion Author Tampa

Posts:16,981
Points:2,440,140
Joined:Apr 2008
Message Posted: Apr 30, 2013 6:16:59 PM

That's nice but we need some for ourselves.
ktbaeohana
Champion Author Las Vegas

Posts:5,071
Points:1,150,735
Joined:Mar 2010
Message Posted: Apr 30, 2013 6:07:34 PM

watch and see.
rdev3wp250
Champion Author Missouri

Posts:3,081
Points:658,200
Joined:Apr 2013
Message Posted: Apr 30, 2013 6:06:59 PM

this not going to make the greenies happy.
Discovery02
Champion Author Colorado Springs

Posts:8,625
Points:1,057,145
Joined:May 2012
Message Posted: Apr 30, 2013 6:05:42 PM

Only if it's used to help the US economy.
Tucker16
Champion Author Ottawa

Posts:1,278
Points:983,540
Joined:Jul 2006
Message Posted: Apr 30, 2013 5:31:11 PM

Nice.
eyegotgas2
Champion Author British Columbia

Posts:4,839
Points:1,025,455
Joined:Sep 2011
Message Posted: Apr 30, 2013 5:01:36 PM

Fracking could be contaminating your groundwater at the very least it is using up vast amounts of freshwater and the NG it produces could very well be sent overseas or to Central America.

There will be jobs but the real winners are the producers.
SSwathwood
All-Star Author Denver

Posts:551
Points:1,360,635
Joined:Nov 2009
Message Posted: Apr 30, 2013 4:45:14 PM

I say no!
comprof
Champion Author Houston

Posts:10,352
Points:2,131,840
Joined:Jul 2009
Message Posted: Apr 30, 2013 4:38:44 PM

Great for jobs.
mitt4prez
Champion Author Tacoma

Posts:4,994
Points:2,007,715
Joined:Nov 2007
Message Posted: Apr 30, 2013 4:36:25 PM

Not if The Won(II) can help it.
humblepie
Champion Author Toledo

Posts:63,813
Points:3,151,145
Joined:Mar 2006
Message Posted: Apr 30, 2013 4:35:35 PM

this is a very bad idea, once it starts it never quits
Post a reply Back to Topics