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Plan for U.S. natural gas exports brings talk of economic boon, fears of failure

Foxnews -- Not long ago, the U.S. was facing the prospect of spending billions to import pricey natural gas from overseas to heat our homes, fuel electrical generation and run our city buses. The industry was furiously building terminals to handle what was sure to be enormous ship traffic from places like Qatar and the United Arab Emirates.

Now -- as a result of the ‘fracking’ revolution -- the federal government is considering 15 applications to build huge facilities to liquefy natural gas from U.S. shale deposits and send it overseas.

The ability to tap natural gas from unconventional sources has quickly made the U.S. one of the world’s leading producers. But success has a downside. The price of gas domestically is near historic lows. In some places, companies are pulling back exploration beca


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Submitted Dec 18, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Plan for U.S. natural gas exports brings talk of economic boon, fears of failure Back to Topics
REPLIES (newest first) Post a Reply
rjhenn
Champion Author Des Moines

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Points:2,963,520
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Message Posted: Dec 19, 2012 3:43:43 PM

diesel8888 - "If we have the extras, why not. But keep prices low at the home front to stimulate the economy."

The whole point of exporting NG is to increase prices at home.
remay
Champion Author Houston

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Joined:May 2006
Message Posted: Dec 19, 2012 9:35:23 AM

"The ability to tap natural gas from unconventional sources ..."

Just hope it all isn't short term...
diesel8888
Champion Author Salt Lake City

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Message Posted: Dec 19, 2012 8:27:21 AM

If we have the extras, why not. But keep prices low at the home front to stimulate the economy.
sjf238
Champion Author Philadelphia

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Message Posted: Dec 19, 2012 7:40:58 AM

Anything to increase the price here.
jrs4125
Champion Author Indiana

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Message Posted: Dec 19, 2012 6:13:02 AM

Ship baby ship..... it will last forever right?
prcoqui
Champion Author Maryland

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Message Posted: Dec 19, 2012 3:29:01 AM

Yesterday news.
tomok
Champion Author Portland

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Message Posted: Dec 19, 2012 1:52:50 AM

Plan for U.S. natural gas exports brings talk of economic boon, fears of failure? Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. There will Not be much cheaper fuel prices for the US. More refineries are Not the answer, Stop exporting fuel is!
The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
smoketown
Champion Author Cincinnati

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Message Posted: Dec 18, 2012 12:56:42 PM

I don't watch or read foxnews , one sided stories.
tankumo
All-Star Author Vancouver

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Message Posted: Dec 18, 2012 12:56:28 PM

CNG price is much much higher overseas, so exporting NG makes a lot of sense. Canada and US have huge potential, too bad we can't have a piece of the pie.

marsbars
Champion Author Alaska

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Message Posted: Dec 18, 2012 12:50:03 PM

This is not true in Alaska, prices are up here.
eagle_scout
Champion Author St. Louis

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Message Posted: Dec 18, 2012 12:29:45 PM

There go prices for us here in the US
MrPony
All-Star Author North Carolina

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Message Posted: Dec 18, 2012 12:24:49 PM

We shouldn't export until we no longer inport!
nickatnite
Veteran Author Indianapolis

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Message Posted: Dec 18, 2012 12:19:20 PM

As Randolf Duke says at the end of "Trading Places" with Eddie Murphy and Dan Akroid, "Sell! Sell! Sell!"
carloco75
Champion Author Richmond

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Message Posted: Dec 18, 2012 12:18:53 PM

Blah Blah Blah...
julius1st4
Champion Author Ontario

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Message Posted: Dec 18, 2012 12:09:47 PM

TALK IS CHEAP. It will take 5 years to get the "Infrastructure" in place to EXPORT the "Natural Gas'' [Pipelines/Distribution Network/CNG facilities/Haulage/ etc.} All this stuff doesn't happen "OVERNIGHT".

And, how about "Environmental"issues and "Public" hearings.???
Holly123
Champion Author Charlotte

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Message Posted: Dec 18, 2012 12:02:12 PM

Good points mentioned below ..
Bonito
Champion Author Dayton

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Message Posted: Dec 18, 2012 11:57:15 AM

Should be a ban on exporting our gas, natural gas, and oil!
TheDix
Champion Author Ontario

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Points:952,295
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Message Posted: Dec 18, 2012 11:56:18 AM


When all the fracking goes viral the water will go virus and you will be importing water at $ 4.00/gallon.
snappytom2
Champion Author Corpus Christi

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Message Posted: Dec 18, 2012 11:49:16 AM

I agree with deputydog082.
deputydog082
Champion Author Detroit

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Message Posted: Dec 18, 2012 11:46:40 AM

how about keeping our gas here and lowering our domestic prices to help the economy?
Buck_on_Bass
Champion Author Tennessee

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Message Posted: Dec 18, 2012 11:38:43 AM

In many places around the world natural gas is 2 to 4 times the North American price. With the price difference it was only a matter of time before someone attempted to begin exporting natural gas.
truckpdlr
Champion Author Tucson

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Message Posted: Dec 18, 2012 11:34:47 AM

No exports!!!
Sam195
Champion Author San Bernardino

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Message Posted: Dec 18, 2012 11:32:18 AM

Let them export to keep production going.
#12#_vabchusa
Champion Author Virginia

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Message Posted: Dec 18, 2012 11:30:51 AM

Lets export everything at less than it costs to replace,,...seems like the american way nowday.
njerald
Champion Author Seattle

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Message Posted: Dec 18, 2012 11:27:56 AM

Liberals will always WHINE............
Barfood
Champion Author St. Louis

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Message Posted: Dec 18, 2012 11:27:34 AM

Maybe this will eventually lead to a lower national debt.
Taurus1
Champion Author Ohio

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Message Posted: Dec 18, 2012 11:25:14 AM

Out of difficulties come inspiration and solutions.
UBDave
Champion Author British Columbia

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Message Posted: Dec 18, 2012 11:22:55 AM

Eventually it will all run out!!
bluebird1
Champion Author Toronto

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Message Posted: Dec 18, 2012 11:17:40 AM

Keep it flowing boys...maybe someday we'll have Ng cars!!!
midnightsdc
Champion Author Ontario

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Message Posted: Dec 18, 2012 11:15:58 AM

Keep it at home.
fencemanNY
Veteran Author New York

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Message Posted: Dec 18, 2012 11:15:25 AM

So before we put a dime of public money into export, lets figure out every way we can use that CNG here in the US. America first!
jimmy544
Champion Author Boston

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Message Posted: Dec 18, 2012 11:14:05 AM

Exporting OUR gas is like exporting OUR oil. It means we will have less in the future and will pay a higher price for OUR gas. Simple as that.
paulp24
Champion Author Harrisburg

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Message Posted: Dec 18, 2012 11:12:23 AM

Time will tell
alkarn
Champion Author Riverside

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Message Posted: Dec 18, 2012 11:11:50 AM

Hmm.
kelly1016
Champion Author Victoria

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Message Posted: Dec 18, 2012 11:11:41 AM

The race for profit will leave the USA with ashortage again. Fracking may be crerating a new source but it is likely the last source and if it is exported for the profit of companies, later on Customers will be paying more to heat their hmes. Better to develope it as you need it.
HEBster
Champion Author Kentucky

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Message Posted: Dec 18, 2012 11:11:09 AM

Boom!
Tralp
Champion Author North Carolina

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Message Posted: Dec 18, 2012 11:09:12 AM

It needs to stay here in the US
Toppers
Champion Author Atlanta

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Message Posted: Dec 18, 2012 11:08:26 AM

Wish we'd learn how to use more!
nskmda
Champion Author Grand Rapids

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Message Posted: Dec 18, 2012 11:07:16 AM

@pricechecker08
that's main concern
19sheldon43
Champion Author Los Angeles

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Message Posted: Dec 18, 2012 11:06:52 AM

Were a long way off from energy stabilization, were still taking baby steps
Cheepo
Champion Author Tampa

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Message Posted: Dec 18, 2012 11:06:39 AM

Drill baby drill and keep it here!!!!!!
wshutton
Champion Author Albuquerque

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Message Posted: Dec 18, 2012 11:04:15 AM

Perhaps we should design these facilities to handle outgoing and incoming LNG. A few short years ago we were looking at importing LNG. That day may come again.
satrn38mpg
Champion Author Raleigh

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Message Posted: Dec 18, 2012 11:03:58 AM

another bunch of speculation ..
Discovery02
Champion Author Colorado Springs

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Message Posted: Dec 18, 2012 11:01:59 AM

Production will be controlled to keep prices/profits high.
Tiernan2012
Champion Author Sacramento

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Message Posted: Dec 18, 2012 10:58:58 AM

Economic forecast today is talk of economic boon, with strong fears of failure. Our next segment, "The 'fracking' revolution - a Cylon conspiracy?" after these messages...
CatMan623
Champion Author Houston

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Message Posted: Dec 18, 2012 10:58:33 AM

Gotta make that extra dollar today. Screw the future.

The new "American Way"
91Hilux
Champion Author New Haven

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Message Posted: Dec 18, 2012 10:58:15 AM

Fraking has its issues, it's not a cure all...
ChristinaCricke
Champion Author New Jersey

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Message Posted: Dec 18, 2012 10:57:04 AM

ok
RichFWA
Champion Author Tacoma

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Message Posted: Dec 18, 2012 10:57:01 AM

If they will buy it then go ahead and export it.
olebufnav
Champion Author Omaha

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Message Posted: Dec 18, 2012 10:55:51 AM

Let's make money off the other countries for a change.
BurkeDevlin
Champion Author Maine

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Message Posted: Dec 18, 2012 10:54:29 AM

Thanks
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