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: Cove Point, energy, fracking, hydraulic fracturing, LNG, LNG exports, natural gas exports
East Coast LNG import facility will probably be changed to an export facility. This development results in higher prices for American consumers, while our water gets fracked. In contrast — it is illegal to export crude oil produced in the US.
Dominion, based in Richmond, Va., has won approval from the Department of Energy to use Cove Point for exporting liquefied natural gas to about 20 nations with which the United States has free-trade agreements. The company is now seeking federal permission to allow shipments to virtually any foreign country, except those barred because of trade embargoes.