Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:39 AM

GasBuddy News Article

38
votes
Natural Gas: Transport Or Export?

Seeking Alpha -- In spite of surging US oil production, average gasoline prices in 2012 were the highest on record ($3.37/gal). This was a result of three primary factors:

US companies are allowed to export refined product
US gasoline is therefore priced off of International oil prices (Brent)
Average Brent prices also averaged a record high in 2012

Meanwhile, US domestic natural gas prices continue to sell at a huge discount to worldwide oil and natural gas prices. This is summarized by the historical price chart below (courtesy of Argus):

Clearly US natural gas reserves, combined with its 2 million+ miles of natural gas pipelines which distribute it to every major city and 63 million homes, is a huge economic advantage for America. Some believe it to be this country's #1 economic advantage ove


Read the Full Article

Submitted Feb 24, 2013 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural Gas: Transport Or Export? Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Straitliner
Champion Author Illinois

Posts:3,985
Points:781,060
Joined:Sep 2012
Message Posted: Feb 25, 2013 4:26:50 AM

Okay.
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,905
Points:1,064,000
Joined:Jul 2011
Message Posted: Feb 24, 2013 9:07:34 PM

No one is looking out for what is best for middle class Americans. Not big oil. Not our elected officials.
Profile Pic
Gas_Eyes
Champion Author Dallas

Posts:2,857
Points:681,310
Joined:Mar 2011
Message Posted: Feb 24, 2013 11:06:03 AM

The cost of natural gas is too low compared to prices outside the US. A healthy price will promote more exploration.
Profile Pic
fuel2use
Champion Author Seattle

Posts:5,557
Points:1,206,650
Joined:Dec 2010
Message Posted: Feb 24, 2013 10:17:11 AM

Cost a lot to hook up to.
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,731
Points:1,108,670
Joined:May 2011
Message Posted: Feb 24, 2013 8:56:35 AM

Does not make any sense but that doesn't matter. Natural gas is cheaper now but speculators and greed will eventually find it's way into pricing. Sad but true.
Profile Pic
Rockyguitar
Champion Author Tampa

Posts:4,907
Points:1,732,645
Joined:Sep 2008
Message Posted: Feb 24, 2013 5:56:53 AM

A lot of greed and B S, o yes, and devalued dollars at play here.
Profile Pic
SUPERSTEVIEO
Champion Author Quebec

Posts:3,523
Points:787,115
Joined:Oct 2010
Message Posted: Feb 24, 2013 5:38:22 AM

and what can we do???? NOTHING.......
Profile Pic
SUNOIL
Champion Author Toledo

Posts:7,652
Points:2,459,160
Joined:Jul 2007
Message Posted: Feb 24, 2013 5:31:36 AM

We will have no say in this
Profile Pic
JamesCalvin
Champion Author Lancaster

Posts:5,677
Points:1,063,435
Joined:Nov 2011
Message Posted: Feb 24, 2013 5:28:06 AM

Burn!
Profile Pic
humblepie
Champion Author Toledo

Posts:55,764
Points:2,920,540
Joined:Mar 2006
Message Posted: Feb 24, 2013 4:11:57 AM

no petroleum product exports period i say
Profile Pic
molebaby96
Champion Author Tallahassee

Posts:3,425
Points:1,004,315
Joined:Nov 2011
Message Posted: Feb 24, 2013 3:43:54 AM

Need for NG vehicles now.
Profile Pic
greshams
Champion Author Cincinnati

Posts:4,452
Points:922,530
Joined:Nov 2011
Message Posted: Feb 23, 2013 11:39:25 PM

why not take care of our own before exporting.
Profile Pic
rjr54
Champion Author Winnipeg

Posts:1,311
Points:443,680
Joined:Feb 2005
Message Posted: Feb 23, 2013 11:30:32 PM

As a Canadian, it should be noted that a lot of our natural gas is already exported to the USA.
Profile Pic
JeffNStef
All-Star Author Montana

Posts:936
Points:2,040,605
Joined:Oct 2007
Message Posted: Feb 23, 2013 11:29:03 PM

right on snagged, keep it here.
Profile Pic
CivicMA
Champion Author Boston

Posts:4,355
Points:1,078,350
Joined:Jun 2011
Message Posted: Feb 23, 2013 11:28:20 PM

We should sell it in the US until all needs are met before exporting.
Profile Pic
GoGoGoodyear
Champion Author Los Angeles

Posts:4,303
Points:791,760
Joined:Mar 2010
Message Posted: Feb 23, 2013 11:26:17 PM


That article is spot on. Our elected leaders are all bought and paid for so us regular folks don't have a chance. This country will squander away yet another opportunity to improve it's economy -and- the environment at the same time!

When (not if) gas prices go up and power companies start going back to using coal, all of our electric bills will go up due to the costs of smoke reduction equipment and those new carbon credits that power companies must now buy. Guess who uses lots of electricity? Factories. Gives them yet another reason to send jobs out of the US.

Don't expect wind and solar to make up the difference either. How many years have wind/solar been around? How many coal or gas power plants have been able to shut down because wind/solar was making up the difference?

And just wait until there is a disaster at an LNG export facility where they pump the stuff into cargo ships. It will make the BP oil spill look like a day at the beach. Remember the recent disaster where a natural gas pipeline exploded and took out an entire neighborhood? That was just one ruptured pipe.
Profile Pic
roadrunnerMO
Champion Author Kansas

Posts:10,846
Points:2,248,265
Joined:Jul 2008
Message Posted: Feb 23, 2013 11:24:29 PM

Keep it here and continue building infrastructure to expand into automotive industries.
Profile Pic
Bezalel
Champion Author Oklahoma City

Posts:14,543
Points:2,833,890
Joined:Oct 2006
Message Posted: Feb 23, 2013 11:24:21 PM

Stop subsidies until All refined product stays here!
Profile Pic
snagged
Veteran Author Akron

Posts:446
Points:264,330
Joined:Oct 2012
Message Posted: Feb 23, 2013 11:23:53 PM

The worst blog I've seen. This was written by Obama. Yuk
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Feb 23, 2013 11:22:55 PM

it depends on the demand and supply
Profile Pic
TXGasPriceSpy
Champion Author Fort Worth

Posts:10,245
Points:2,012,750
Joined:Sep 2008
Message Posted: Feb 23, 2013 11:20:12 PM

I've always liked Seeking Alpha.
Profile Pic
wz
Champion Author Twin Cities

Posts:4,867
Points:1,822,220
Joined:Feb 2009
Message Posted: Feb 23, 2013 11:19:47 PM

Natural gas is already making inroads into the transportation industry. Its biggest drawback at this point is the lack of a public infrastructure to refuel natural gas vehicles. With the relative price so low compared to gasoline and diesel, the potential savings will provide the funding that will build that infrastructure until natural gas stations are as readily available as diesel (the primary fuel it will replace).
Profile Pic
arinkrat17
Champion Author Twin Cities

Posts:8,616
Points:1,874,910
Joined:Aug 2009
Message Posted: Feb 23, 2013 11:19:08 PM

Ok
Profile Pic
hawkman74
Champion Author Dallas

Posts:1,325
Points:654,095
Joined:Sep 2011
Message Posted: Feb 23, 2013 11:18:54 PM

Nah - keep it here.
Profile Pic
hawkman74
Champion Author Dallas

Posts:1,325
Points:654,095
Joined:Sep 2011
Message Posted: Feb 23, 2013 11:18:07 PM

Could we join opec ?
Profile Pic
arinkrat17
Champion Author Twin Cities

Posts:8,616
Points:1,874,910
Joined:Aug 2009
Message Posted: Feb 23, 2013 11:17:57 PM

Ok
Profile Pic
Rich1430
Champion Author Indiana

Posts:2,516
Points:769,955
Joined:Mar 2012
Message Posted: Feb 23, 2013 11:15:23 PM

Take our oil off the Stock Market. That should lower the prices at the pump. Drill for, refine, keep and use our gas, natural gas, all oil products here, any excess can be exported.
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,030
Points:1,739,965
Joined:Aug 2008
Message Posted: Feb 23, 2013 11:14:57 PM

stop exporting gas, points to oil company greed
Profile Pic
djp071158
Champion Author Detroit

Posts:3,009
Points:830,275
Joined:May 2012
Message Posted: Feb 23, 2013 11:14:39 PM

Keep it here.
Profile Pic
mcbrownie220
Sophomore Author Toledo

Posts:225
Points:184,525
Joined:Jun 2012
Message Posted: Feb 23, 2013 11:12:38 PM

hmmm
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,462
Points:2,450,815
Joined:Feb 2007
Message Posted: Feb 23, 2013 11:11:28 PM

It ain't natural. Ban fracking.
Profile Pic
kd5kpd
Champion Author Texas

Posts:5,913
Points:1,926,980
Joined:Apr 2006
Message Posted: Feb 23, 2013 11:09:56 PM

Drill here keep here & only sell any excess product!!!
Profile Pic
10k
Champion Author North Carolina

Posts:24,532
Points:2,799,875
Joined:May 2006
Message Posted: Feb 23, 2013 11:09:26 PM

RENEGADE: great point..
Profile Pic
Thomtec
Champion Author Nashville

Posts:4,856
Points:1,152,075
Joined:May 2011
Message Posted: Feb 23, 2013 11:08:33 PM

Both
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:9,205
Points:2,176,165
Joined:Nov 2005
Message Posted: Feb 23, 2013 11:07:06 PM

At these prices, the customers will stop buying more than just what is necessary.
Profile Pic
JaegerWMeister
Champion Author Twin Cities

Posts:1,314
Points:638,180
Joined:Mar 2012
Message Posted: Feb 23, 2013 11:06:45 PM

Good article
Profile Pic
gasmack
Champion Author Ventura

Posts:3,439
Points:1,161,315
Joined:Feb 2011
Message Posted: Feb 23, 2013 11:05:29 PM

We'll see. Hopefully someone will take corrective action if necessary.
Profile Pic
Ron77095
Champion Author Houston

Posts:5,476
Points:1,150,725
Joined:Sep 2011
Message Posted: Feb 23, 2013 11:04:37 PM

ok.
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:17,398
Points:2,105,790
Joined:Jul 2008
Message Posted: Feb 23, 2013 11:03:25 PM

Dont matter to me as we dont use it. Just keep in mind, we only have about 100 years of natural gas as of last year and thats based on the usage rate of last year as well. The more things we convert to natural gas and the more we use it the less time we will have it.
Profile Pic
krobp46
Champion Author Milwaukee

Posts:5,185
Points:1,088,470
Joined:Sep 2011
Message Posted: Feb 23, 2013 11:03:19 PM

Both
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Feb 23, 2013 11:01:40 PM

Both.
Profile Pic
nurdco
Champion Author Colorado Springs

Posts:12,618
Points:2,241,440
Joined:Apr 2008
Message Posted: Feb 23, 2013 11:00:11 PM

Export for profit...
Profile Pic
abacus44
Champion Author Toms River

Posts:5,737
Points:1,283,715
Joined:Jan 2011
Message Posted: Feb 23, 2013 10:59:03 PM

Reading comments, ????
Profile Pic
Vette1967
Champion Author Albany

Posts:8,380
Points:1,821,695
Joined:Jun 2009
Message Posted: Feb 23, 2013 10:58:39 PM

It's a matter of who will pay more.
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:1,026,110
Joined:Aug 2011
Message Posted: Feb 23, 2013 10:55:55 PM

it should keep it in house to lower gas prices, if we have extra, then export...
Profile Pic
yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Feb 23, 2013 10:54:51 PM

i wander why the price is going up
Profile Pic
DrGasPain
All-Star Author Dallas

Posts:521
Points:843,710
Joined:Mar 2011
Message Posted: Feb 23, 2013 10:54:13 PM

I think the answer has to be both, but how much?
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:10,572
Points:2,431,160
Joined:Jul 2007
Message Posted: Feb 23, 2013 10:53:29 PM

Yes and no.
Profile Pic
probedude2
Champion Author Akron

Posts:14,979
Points:2,926,030
Joined:Jun 2003
Message Posted: Feb 23, 2013 10:52:21 PM

Here's a hint: we're not gonna get any
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,909
Points:2,177,420
Joined:Sep 2005
Message Posted: Feb 23, 2013 10:48:28 PM

The answer is determined with the profit.
Post a reply Back to Topics