• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 12 days Does Toyota Know Something That We Don’t?
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 3 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Dave Forest

Dave Forest

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

More Info

Premium Content

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,

ADVERTISEMENT

By. Dave Forest


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News