Liquid natural gas exports threaten US jobs

Return To Article
Add a comment
  • Hutterite American Fork, UT
    April 30, 2014 10:10 a.m.

    Canadians are going to step up to the plate on this one.

  • UtahBlueDevil Durham, NC
    April 30, 2014 10:09 a.m.

    GaryO... here is the rub. Right now the technology that has enabled this explosion in availability is still not widely used globally. We have a window of opportunity these companies see they can exploit. Ukraine and our dear friends in the former Soviet Republic have given policy makers the justification to open these markets up.

    Right now we have a near monopoly on this method. It is a matter of time until other regions - even Ukraine deploy the same methods on their own reserves to free themselves up from import requirements. While we have cheap prices, justification to go after those reserves are low in new markets. Once prices rise, those markets will start developing their own capacity.

    So there is a window now where the US suppliers can exploit. The looser in this will be Russian exports over the mid-term. You had these old worn out sites like Ukraine that had been largely abandoned. But what Russia did was give financial incentive to go back after these fields with new extraction methods - revitalizing dormant tracks.

  • GaryO Virginia Beach, VA
    April 30, 2014 9:58 a.m.

    "The real reason is that the oil and gas industry is pushing Congress to accelerate exports so that it can increase natural gas prices here."

    Does that really make any sense?

    The oil and gas industry can charge whatever it wants for natural gas anyway, as long as people are willing to pay the asking price.

    I can see how the law of supply and demand might play into this. More gas exported means less gas available for domestic use, but does it really?

    America has a LOT of natural gas. It seems to me the natural solution is to just increase production so there is plenty of gas for both foreign and domestic customers. If the supply is high, then the law of Supply and Demand would not be much of a factor in the price to domestic customers.

  • use the noodle Casa Grande, AZ
    April 30, 2014 8:05 a.m.

    Export natural gas to increase profits. Well of course they would.

    Now it's not so hard to believe that the Keystone pipeline will also be used to export oil and increase prices and profits. And when they are done with the pipeline and profits, we the people will be on the hook to clean up the mess.

    Of course, we have no real democracy so whatever the oligarchs say has to happen.