Filed under: Uncategorized | Tags: China, energy, fracking, good cop-bad cop, jobs, LNG, LNG exports, LNG trade, Natural gas, natural gas trade movements, Obomney, OMG, RBAC, Robama, shale gas, tight gas, trade deficit
“We are confident that either one would be supportive of LNG exports,” Cooper told Rigzone.
U.S. LNG imports, which peaked at nearly 2.4 billion cubic feet per day in 2007, have fallen substantially as the growth in North American gas production due to shale gas, according to an Oct. 18 report by RBAC Inc., a company that develops and licenses management decision support systems for the energy industry. As a result, LNG facility backers are now seeking to outfit existing U.S. LNG import facilities with liquefaction equipment to ship LNG overseas.
Proponents say U.S. LNG exports will benefit the United States by creating construction jobs, and generate revenue to reduce the U.S. trade deficit through LNG sales and federal, state and local government tax revenues.
Know what else creates jobs and generates revenues? Cheap domestic gas. Exporting gas which would otherwise be flooding the U.S. market would raise the price for Americans. This would probably destroy a lot more jobs than would be created to build and maintain LNG terminals. The job-creation argument goes out the window.
In the meantime, the negative consequences of energy production would accrue right here in America.
Are western Americans willing to sacrifice their water so international companies can frack their shale gas and ship it to China? Robomney bets yes.
Filed under: Uncategorized | Tags: Chris Christie, gas rationing, gas supplies, gasoline, gasoline shortage, gasoline stocks, petroleum products, refined petroleum, refineries, transportation, urban cycling
The lines themselves only exacerbated the problem; reports in the local media provoked drivers to buy gasoline before stations ran out. Some spent what fuel they had searching for more and could be seen pushing vehicles toward relief.
“I just want to have it, because you don’t know how long this is going to last,” said Richard Bianchi, waiting in the half-mile line at the Sunoco in Union with a tank that was three-quarters full.
This is also what happened after Ike n’
Katrina Gustav in many areas of the South when the refineries went out. (2008 — As described in Cyclist’s Manifesto.) Scarcity of supply does not cause the people to get together, conserve and steward resources. In fact it causes just the opposite reaction. They go nuts, and try to acquire more fuel than they ever did before, faster than they ever did before. Petrol panic! Every man for himself!!
When the going gets tough, the tough do not get going.
Politicians could get pro-active by (1) telling the truth (2) encouraging conservation so those who most need fuel (those who perform critical tasks for the rest of us, for instance) will have it, and (3) instituting a temporary rationing program in advance of supply problems like this, which are easily predicted.
Ha! Can you imagine? No wonder Chris Christie looks like a deer in the headlights.