United States biggest producer of natural gas needs to use the global marketplace.....

Being the world’s largest producer of oil and gas gives America huge economic and political leverage, but only if we engage more fully in the global marketplace.  To retain this leverage, while sustaining our oil and gas industry during a period of lower prices, we should quickly remove any artificial barriers to enhanced production.  In addition to completing the Keystone XL pipeline, all restrictions on the export of oil and natural gas should be lifted and lease sales on federal lands and the outer continental shelf should be resumed.

Weinstein is associate director of the Maguire Energy Institute and an adjunct professor of business economics in the Cox School of Business at Southern Methodist University in Dallas.

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Permalink Reply by Tim on January 17, 2015 at 9:24am

We have 4 fully permitted LNG export facilities, with the Sabine Pass coming on line in 3rd/4th qtr of 2015.

Its on!

Anyone have specific details, dates, that all four facilities are expected to begin exports?

Also there are other export facilities at various stages of the permitting process, any update on those?

Permalink Reply by Tim on January 18, 2015 at 2:49am
Permalink Reply by george m vietze on January 18, 2015 at 2:55am

Another link to an important article about Weinstein's research and facts about http://www.bccourier.com/Archives/News_detail.php?contentId=18291en...:

Permalink Reply by george m vietze on January 18, 2015 at 3:03am

Part of Weinsteins article linked above:

The oil and gas industry has accounted for a 25 percent increase in employment since 2010. The economic benefits include:
• Decreased costs for electrical power and heating 
• Revival of US manufacturing sectors and economies in cities making up the so-called "Rust Belt," such as Pittsburgh, Pennsylvania and Youngstown, Ohio
• Knock-on affects from growing LNG exports from the US
• Smaller traditional deficits associated with decreased energy imports
• Cheap natural gas attracts foreign investments
US as petro-state
"Although the president doesn't acknowledge it, the United States is a petro-state," Weinstein said. "We're number one in natural gas, nuclear power and renewable fuels production; and number two or three in coal and oil production. The United States is an energy powerhouse. Fossil fuels will be the mainstay of our economy for the next 50 to 100 years." 
In closing, Weinstein posed a conundrum for environmentalists touting the virtues of electric vehicles to decrease pollution. "How do they power electric cars? By plugging them into an electrical socket. Where do they think electricity comes from? Do you think it maybe comes from a coal plant somewhere? Their naiveté is astounding."

Permalink Reply by Tim on January 18, 2015 at 5:41am
It is very difficult for anyone to comprehend the multi-decade affect being a petro-state will have across the USA.

There are many global and foreign (non-USA) industrial companies that are beyond the thesis stage of building factories in these United States of America. The abundance and access to cheap nat gas AND its by-products, which is a major input to the plastics industry, makes building factories here a major option.

The cheap gas trumps cheap labor! The potential for true industry, production facilities to be build here is massive.

There is one gentleman here who is constantly posting about the impact cheap nat gas is having. The story needs to get out there, ala 60 minutes, npr, public tv, and other major news outlets.

The story, and mind you the 'agenda' needs to switch gears from 'fracking is dangerous' to cheap nat gas is our future, and here is why.

I believe that 25% employment from the energy complex is greatly understated. But I could be off. I would expect that number to be substantially higher, for true, full-time job growth. My guesstimate would be closer to 60%.
Permalink Reply by Tim on January 18, 2015 at 6:30am
Lame duct, no power, Repubs won't pass it.
Permalink Reply by Tim on January 18, 2015 at 9:28am

21 ones states are currently fracking, one is not, NY state.

we do need some level of protection for these communities.

I have been driving across PA and WV the last few months, and I am curious what these communities would look like had there been no regulatory bodies over the last 10 years.

As is, the areas are in great shape, reclamation projects, landscaping, etc.  It is important to have some level of checks and balances.

As far as your bigger concerns, I concur.  But let's not lose sight of the massive opportunities across the USA.  

4 LNG export facilities ARE fully permitted!

Permalink Reply by george m vietze on January 18, 2015 at 9:35am

The United States is producing more energy than any other nation and natural gas, the energy of the future has many decades to produce enough energy to make the US not dependent upon outside supply.  Oil production world-wide has surpassed the decline-curve which means that demand will eventually use up the balance of the supply of oil world-wide.  That does not mean that we will not have market volitility in times of inbalance and that the goverment regulations won't make the price of natural gas more expensive than it could be but the fact is that the United States has the natural gas and we are not dependent upon outside sources like we have been in the past.  A new industrial revolution could emerge in the United States and the maunufacturing industries could again become a major factor in our economy.  New technology will undoubtedly come forth and our natural gas and energy resources could be even more prolific than estimated.  This will not happen overnight and certainly not on everyones timetable but the GOLD (natural gas) is in the vault 100% backed by a natural resource, unlike the US Dollar which is mostly paper.  Invest in all areas of natural gas as IMHO is a much safer bet and even if the dollar unravels you will be paid many more dollars than you realize.  Be patient, put your mineral rights in a family trust and you and your families time will eventually be rewarded.  Have comfort in the fact that the gas and oil industry in this country has billions of dollars invested in this situation and have a lot more to lose than you do and if the past is any indication of the future...money talks...eventually is will get to where it has to be in order to be successful.

Permalink Reply by Tim on January 18, 2015 at 10:16am

that ban on wood stoves is an absolute joke!

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