Interesting Fact of the Day: As the "Saudi Arabia of Natural Gas," the U.S. Could Become an Exporter
Philadelphia Inquirer (fixed now) -- "Now, another potentially large rival market for natural gas is emerging: Exports.
The Department of Energy has received five applications from companies that want to create terminals to ship liquefied natural gas (LNG) overseas. One application has been approved.
The Department of Energy has received five applications from companies that want to create terminals to ship liquefied natural gas (LNG) overseas. One application has been approved.
The natural gas industry, which is eager to sell more fuel, says overseas markets could generate billions of dollars in export earnings, improve the nation's balance of trade, and boost the economy in shale-gas areas such as Pennsylvania.
The fact that policymakers are even discussing exports is a remarkable statement about how the shale-gas revolution has turned energy markets on their head."
6 Comments:
Why would we export energy? Why would we export anything nonrewable? Saudi may have no choice having little else to export. Poor countries may have little choice. But if you think a reason for more energy exploration is more energy security, what price would you put on selling said security?
your inquirer link goes to a story on real estate fraud...
rjs, you can get to the article here.
Sorry, link is fixed now.
The fact that policymakers are even discussing exports is a remarkable statement about how the shale-gas revolution has turned energy markets on their head.
What nonsense. Producers are getting killed because most of them can't make a profit at less than $8 gas. The marginal producer can't make a profit at less than $15 gas. The 'exporters' can't make a profit unless the prices that they get their gas remain depressed. This means that the math does not work, something that even Mark should be able to see quite quickly.
The profitability of shale gas is more complicated than than some people realize.
The PROPER Way to Evaluate the Economics of Shale Plays
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