• 4 minutes Some Good News on Climate Change Maybe
  • 7 minutes Cuba Charges U.S. Moving Special Forces, Preparing Venezuelan Intervention
  • 12 minutes Washington Eyes Crackdown On OPEC
  • 15 minutes Solar and Wind Will Not "Save" the Climate
  • 1 min is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 11 hours Why Trump will win the wall fight
  • 18 hours Prospective Cause of Little Ice Age
  • 7 hours students walk out of school in protest of climate change
  • 17 hours L.A. Mayor Ditches Gas Plant Plans
  • 19 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 9 mins Ayn Rand Was Right
  • 9 hours Maduro Asks OPEC For Help Against U.S. Sanctions
  • 2 days Is the Green race a race from energy dependence.
  • 1 day IT IS FINISHED. OPEC Victorious
  • 22 hours And for the final post in this series of 3: we’ll have a look at the Decline Rates in the Permian
Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Battling for Something Worth Nothing

U.S. natural gas continues to be one of the cheapest commodities globally, on a late-historical basis.

But despite the low price (in fact, because of it), there's a fight brewing to control this unwanted good.

US House of Representatives Energy and Commerce Committee member Gene Green said last week that exports of liquefied natural gas should be a last resort for America. Speaking at an industry event in Washington, Green noted that he wants to see the U.S. "use all we can, whether it is for my chemical industry, for transportation fuel, even [for] fracking, and then we want to sell the rest".

This sentiment flies in the face of recent projections for the U.S. natgas business. Which see LNG exports as the next logical step for America's gas market, giving a boost to pricing by accessing high-value international markets.

Many LNG export projects are now going to permitting. But comments like Green's suggest the approval process isn't going to be slam dunk.

Big lobbies amongst U.S. gas consumers also appear to be positioning themselves to oppose exports. This summer, major gas-fired power generator Calpine filed for intervenor status in federal proceedings to approve a new gas export pipeline from Texas to Mexico.

Petrochemical manufacturers too, will likely throw their weight behind keeping cheap gas in America. Leaders in this industry like Sasol have announced multi-billion dollar pet-chem refinery projects along the Gulf Coast, to take advantage of cheap gas feedstock in making their products.

With government and industry opinions starting to align, going could get rocky for the LNG export movement. Don't take this "next phase" for the gas industry as a given just yet.

Here's to tough choices,

By. Dave Forest




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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