Momentum continues to build to allow export of natural gas!!!

http://www.exxonmobilperspectives.com/2014/12/15/compelling-argumen...

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Permalink Reply by Nancy LeNau on January 4, 2015 at 5:46pm

Dexter Green,    I agree 100 % !

Permalink Reply by Nancy LeNau on January 4, 2015 at 5:44pm

Trapper, As Always..... I agree with you !   

Permalink Reply by Bluflame on January 5, 2015 at 2:45am

Hello Trapper,

   Several of the items you suggest for domestic consumption of NG are already happening. The challenge is making them happen quickly, as all require large capital investments and lengthy approval and construction times.

  Regarding exports, several large LNG export facilities have been approved (Sabine Pass in Louisiana will be in production this year), but are plagued with the same lengthy construction cycles as noted above.

  By the time the US export facilities are up and running, they will be in competition with several foreign LNG facilities, particularly in Australia.  This will put the US facilities at a competitive disadvantage due to shipping distance. Therefore, the risk of squandered opportunity to consume NG domestically will be mitigated.

  The market therefore will still favor US consumption of NG. I hope to see the day when full shipping containers of US-manufactured polymer products (deriving from NGL's) head west across the Pacific to SE Asia markets!

All IMHO,

BluFlame

 

Permalink Reply by Bob Fuhrman on January 6, 2015 at 5:52am

I'm not worried about my offspring being able to afford energy. My granddaughters are already informed and even exploring the sciences of cleaner and cheaper forms of energy and that is in 10 and 12th grade.

Open the gates to sell and strengthen our, and my, economy now to build the base for future generations.

What if our predecessors feared building houses because the cost of growing trees in the future would be prohibitive?

Permalink Reply by george m vietze on January 6, 2015 at 6:35am

Natrual gas from shale is here to stay for decades to come. Natural gas generators will also be a backup to the electric grid system.  Technology is getting better and better and future drilling in areas thought not to be as prolific other areas will broaden the play.  We are much closer to the beginning than to the end.  We are at crossroads to a new industrial revolution triggered by inexpensive energy not dependent upon eastern oil.  Crude oil has reached its decline curve while shale gas is in its infancy.  Utica shale area is much larger than Marcellus, its time will come!!

Permalink Reply by Joe on January 6, 2015 at 7:04am

Show me sustainable energy and I'll think about exporting our gas and oil. I won't go out and splurge my natural resources on the hope of a dream that somebody's going to bail us out with new found energy as I wouldn't go to the casino and blow my estate on the thought my grand children will get rich and support me. As far as our economy goes the USA is the best economy in the world. Our economy would be a lot better if the people with good jobs bought "Made in USA". We'd have plenty of jobs. By the way don't the reports say the unemployment rate is at an all time low and businesses can't find enough people to fill working positions? To me to export our gas would be stealing from my grand children and great grandchildren so I can have a pocket full of paper to buy what ever my fancy feels like with out having to work for it. If I deserved that I'd already have made it on my own. Not to mention people receiving bonuses and royalty's are a minority in this country.

Permalink Reply by Bob Fuhrman on January 6, 2015 at 8:21am

I don't trust my grand children to be chocked full of wisdom with spending/investing some unearned inheritance.

I'd much rather get the muula now, buy more land, build a cabin on it, and force them to deal with the headaches of selling property if they want my cash for tattoos and iron to hang from their ears, lips and noses.

Holding back on economic advances for fear of failure in technology is like driving slow at Daytona cause your just not sure if your pit crew will be out for a beer when you pit.

Just kidding of course. I am a seriously firm believer that the developments in my G-kids lives will dwarf the incredible ones that I've witnessed in my 70 years.

Permalink Reply by george m vietze on January 6, 2015 at 8:27am

Crude oil has hit a decline curve...its days are numbered.  Shale gas is not only in its infancy but technology will improve to a point that previously drilled wells that have been producing can be re-drilled and production dramatically improved.  We, the United States, is the new Saudia Arabia.  Less expensive energy will fuel a new industrial revolution, this is not a guess....we have mid-eastern oil on the run, they are in a panic mode....their days are numbered and we are just beginning.  We are going through tough time with low energy prices artifically produced by over-supply but the light at the end of the tunnel is not a train, it is a bright future!!!!

Permalink Reply by Joe on January 6, 2015 at 9:40am

china, if the largest economy in the world is because the people that can afford it won't take the time to check made in USA labels or just to stinking cheap to spend a little more to buy American.

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