• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 3 hours americavchina.com
  • 39 mins Greta named Time Magazine "Person of the Year"
  • 44 mins DUMB IT DOWN-IMPEACHMENT
  • 6 hours Tories on course to win majority
  • 7 hours Winter Storms Hitting Continental US
  • 1 day China Burns More Coal than the Rest of the World !
  • 10 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 2 hours Aramco Raises $25.6B in World's Biggest IPO
  • 6 hours WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 1 day POTUS Trump signs the HK Bill

US: Towards Net Gas Exporting

Bottom Line: The debate over whether the US should become a net gas exporter moved towards the proponents last weekend, following remarks made by US President Barack Obama during a visit to Costa Rica suggesting that there will be wide support for gas export ventures. 

Analysis: This debate has pitted the oil and gas industry against giant chemical manufacturers, with the former eyeing lucrative gas export profits and the latter eyeing lower manufacturing costs if that gas stays at home. But increasingly, we are getting hints from the Obama administration that the oil and gas industry is winning this battle. In Costa Rica, Obama said: “I’ve got to make a decision — an executive decision broadly about whether or not we export liquefied natural gas at all. But I can assure you that once I make that decision, then factoring in how we can use that to facilitate lower costs in the hemisphere and in Central America will be on my agenda.” In April, Obama’s national security advisor noted that US allies around the world are lining up for US gas in expectation of exports; most notably, Japan--which is chomping at the bit to partner up with US LNG exporters—but also India.

Recommendation: We see no other alternative here but for the US to become a natural gas exporter. Pressure is mounting and the market is demanding it. But there’s a geopolitical element here, too: Proponents like to point out that by becoming a net…




Oilprice - The No. 1 Source for Oil & Energy News