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Natural gas exports could backfire for US

Futurity -- Investing in natural gas export facilities “is a bet against what US firms excel in—developing and commercializing new technologies and products,” says economist Frank Wolak.

With the advent of the “shale gas revolution,” the United States has undergone a full-scale natural gas boom. Driven by fracking and horizontal drilling, the United States will likely overtake Russia as the world’s largest producer of natural gas by 2015, according to the International Energy Agency.

Now, as estimates of available reserves continue to go up and prices drop to less than $3 per million BTU, talk is turning to exporting natural gas—potentially a serious moneymaker, with countries like Singapore facing prices around $16 per million BTU.

Wolak understands the urge to export.

“But, there’s a significant


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Submitted Dec 21, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural gas exports could backfire for US Back to Topics
REPLIES (newest first) Post a Reply
six_ball_man
Champion Author Rochester

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Message Posted: Jan 4, 2013 8:03:02 PM

I say we export it....AFTER we nationalize this valuable resource and use the proceeds to pay down the debt.
honda0105
Champion Author Tallahassee

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Message Posted: Dec 22, 2012 10:17:05 PM

dave: there will always be enough for export - the question is, how much does the US re-import in return (at higher prices)?
dave27johnson
Champion Author Chicago

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Message Posted: Dec 22, 2012 10:06:19 PM

There seems to be enough for export.
jrs4125
Champion Author Indiana

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Message Posted: Dec 22, 2012 9:51:33 AM

For a few GREEDY people...... exporting this finite resource is a great idea.
honda0105
Champion Author Tallahassee

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Message Posted: Dec 22, 2012 6:34:43 AM

there aren't any good R&D ppl in the US, just about all are foreign born and raised and when they get the knowledge (and the degrees) they seek they return home. We're good on educating on the graduate levels, but not in instilling values that lead American kids to seek STEM disciplines. Not to mention, the US does not put much value on those in these disciplines.
WE0H
Champion Author Twin Cities

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Message Posted: Dec 22, 2012 12:44:46 AM

Keep the Natural Gas here. You know the crooked foreign oil companies operating in the US will sell it off anyhow to drive up their profits. We need to run these criminals out of this country.
gcalleja
Champion Author Miami

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Message Posted: Dec 21, 2012 10:22:49 PM

Money makes the world go 'round.
rahcat
Champion Author Grand Rapids

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Message Posted: Dec 21, 2012 10:20:12 PM

No exports.
texasvet
Champion Author Texas

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Message Posted: Dec 21, 2012 10:18:45 PM

We have plenty of gas for domestic use. No reason why we can't export some.
4warned
Champion Author Michigan

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Message Posted: Dec 21, 2012 10:05:32 PM

Lets take care of our own first.
cheaper0ON
Champion Author Ontario

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Message Posted: Dec 21, 2012 10:01:35 PM

Hmmm...
gilfarm
Champion Author Alabama

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Message Posted: Dec 21, 2012 9:58:17 PM

Keep it for our use!
pgerassi
Champion Author Milwaukee

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Message Posted: Dec 21, 2012 9:57:29 PM

I agree to keeping and using NG here
TFowler513
Champion Author Memphis

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Message Posted: Dec 21, 2012 9:57:27 PM

Old article.
GoGoGoodyear
Champion Author Los Angeles

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Message Posted: Dec 21, 2012 9:57:24 PM


The article makes a good point. With foreign gas prices as high as they are, if producers can't export it from the US they will start exploring and fracking in those other countries where the prices are much higher and they can make a better profit. After all there is no reason why the machinery and technical know-how can't be exported.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Dec 21, 2012 9:57:14 PM

OK
TheHermit
Champion Author Maine

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Message Posted: Dec 21, 2012 9:53:46 PM

Ok what's next
Spankster85
Champion Author Chicago

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Message Posted: Dec 21, 2012 9:52:16 PM

They probably will backfire too.
Gas4Gore
Champion Author Detroit

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Message Posted: Dec 21, 2012 9:51:40 PM

Oh.
MG_Sputnik
Champion Author Philadelphia

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Message Posted: Dec 21, 2012 9:50:26 PM

We're all doomed!
drz614
Champion Author Harrisburg

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Message Posted: Dec 21, 2012 9:41:18 PM

i see alot of lng and cng starting in 2014. $16 vs 3, only an idiot would not export.

interesting obama opened alaska wilderness to drilling while there is a good supply in the lower 48 right now. anyone want to guess where it will go?
gumbyrex
Champion Author Fresno

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Message Posted: Dec 21, 2012 9:39:58 PM

Mr. Wolak makes a more than legitimate argument. We should pay close attention to his warnings.
CCLighthouse
Champion Author Hartford

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Message Posted: Dec 21, 2012 9:37:08 PM

Some of this fuel should go to export as a part of a balancing strategy. The major part of it should remain here.
bvrbill
Champion Author Eugene

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Message Posted: Dec 21, 2012 9:33:51 PM

Use it here.
Chas58
Champion Author Detroit

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Message Posted: Dec 21, 2012 9:26:54 PM

I agree with firefly09
Dragnet
Champion Author Arizona

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Message Posted: Dec 21, 2012 9:25:45 PM

I think they were counting their chickens before their eggs hatched. It's the ole headline hype. Something that Americans thrive on
mstearno
Champion Author Dayton

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Message Posted: Dec 21, 2012 9:25:07 PM

crap article
nimpy
Champion Author Indianapolis

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Message Posted: Dec 21, 2012 9:23:28 PM

This is not a good idea
yyc2yow
Champion Author Ottawa

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Message Posted: Dec 21, 2012 9:17:57 PM

keep it
REKEY
Champion Author South Carolina

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Message Posted: Dec 21, 2012 9:16:06 PM

EXPORTS!?!?!?!?! IDIOTS!!!!!
BREW9
Champion Author Tampa

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Message Posted: Dec 21, 2012 9:14:47 PM

oops
Trowinsamoan
Champion Author Los Angeles

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Message Posted: Dec 21, 2012 9:13:58 PM

Do not export keep it all here
firefly09
Champion Author San Diego

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Message Posted: Dec 21, 2012 9:13:29 PM

hmmmmmm.
TonyPSU
Champion Author Cleveland

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Message Posted: Dec 21, 2012 9:11:54 PM

Yaddi Yaddi Yaddi
Brucevanf
Champion Author New Brunswick

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Message Posted: Dec 21, 2012 9:10:50 PM

Let's get North America totally switched from oil to Natural gas.
KhelbenArunson
Champion Author Michigan

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Message Posted: Dec 21, 2012 9:09:46 PM

So don't do it.
TNT2EC
Champion Author Wisconsin

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Message Posted: Dec 21, 2012 9:09:40 PM

That's right. Greed gets at it all.
Titan_62
Champion Author North Carolina

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Message Posted: Dec 21, 2012 9:07:01 PM

Thx for posting
wayoung56
Champion Author Alabama

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Message Posted: Dec 21, 2012 9:04:41 PM

Hmmm...
clermont40miles
Champion Author Cincinnati

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Message Posted: Dec 21, 2012 9:02:41 PM

Good to see the US produce energy again.
FlyNFool
Champion Author South Carolina

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Message Posted: Dec 21, 2012 9:01:23 PM

Then lets finds way to use it at home!
billy44bo
Champion Author Mobile

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Message Posted: Dec 21, 2012 8:56:26 PM

use the gas here and keep our money here and not give it to opec.
mcmonsta
Champion Author Honolulu

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Message Posted: Dec 21, 2012 8:54:54 PM

take care of us int USA first!!!
Chris46
Champion Author Dayton

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Message Posted: Dec 21, 2012 8:52:33 PM

Rabbit, you make a good point. Ship coal instead. Keep our natural gas at home.
jcpatriots
Champion Author Massachusetts

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Message Posted: Dec 21, 2012 8:50:56 PM

Not good...
abcdMA
Champion Author Worcester

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Message Posted: Dec 21, 2012 8:46:00 PM

Ship it after we have enough for our needs
herbiepopnecker
Champion Author British Columbia

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Message Posted: Dec 21, 2012 8:44:54 PM

Ship it out! Stuff the money in a few pockets. A year later the whole country's back in the same boat,,, with no gas reserves either.
iamforiu
Champion Author Indiana

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Message Posted: Dec 21, 2012 8:42:22 PM

hmmmm
southrob
Champion Author Tucson

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Message Posted: Dec 21, 2012 8:41:35 PM

dhan for a better economy
EvPv
Champion Author Maine

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Message Posted: Dec 21, 2012 8:40:18 PM

the market will decide what works best for the moment. The best ones will keep an eye on the future as well.
Number43
Champion Author Lexington

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Message Posted: Dec 21, 2012 8:39:28 PM

Rabbit you make a very good point.
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