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Natural Gas Glut Pushes Exports

The Wall Street Journal -- Energy companies are racing to export natural gas from the U.S. as they search for more-profitable markets amid a continent-wide gas glut that has depressed prices to the lowest levels in a decade.

A consortium including Exxon Mobil Corp., XOM +0.57% ConocoPhillips Co. COP +1.11% and BP BP.LN -1.10% PLC said late Wednesday it is moving forward with plans to export natural gas from Alaska's North Slope in a project that could cost as much as $65 billion. The long-awaited effort is expected to have a significant impact not just on Alaska and its economy, but also on U.S. construction and manufacturing companies that would supply steel and other materials for an 800-mile pipeline and the plant that would convert the gas into liquid for export on tankers.

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Submitted Oct 05, 2012 By: skb69sa

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beale055 Champion Author Philadelphia Posts:1,287 Points:422,900 Joined:Jan 2012	Message Posted: Oct 7, 2012 7:34:02 AM Ignore beale055 Report Abuse Thieves
beale055 Champion Author Philadelphia Posts:1,287 Points:422,900 Joined:Jan 2012	Message Posted: Oct 7, 2012 7:33:39 AM Ignore beale055 Report Abuse Blah blah blah
HawaiianGuy Champion Author Idaho Posts:9,507 Points:3,075,680 Joined:May 2003	Message Posted: Oct 6, 2012 6:28:57 PM Ignore HawaiianGuy Report Abuse Right. All this talk about energy independence is just that; TALK. Just WITF are we doing?
remay Champion Author Houston Posts:6,943 Points:2,113,390 Joined:May 2006	Message Posted: Oct 6, 2012 10:31:56 AM Ignore remay Report Abuse Now if US companies just took advantage of the technology for powering vehicles, and export the new vehicles as well!
12mpgnavigator Champion Author Seattle Posts:2,759 Points:647,910 Joined:Jun 2009	Message Posted: Oct 6, 2012 8:52:14 AM Ignore 12mpgnavigator Report Abuse CNG all the way!
nb52 Champion Author Grand Rapids Posts:7,760 Points:1,542,850 Joined:Nov 2008	Message Posted: Oct 6, 2012 6:48:33 AM Ignore nb52 Report Abuse Lower prices are better for every one.
tomok Champion Author Portland Posts:32,915 Points:2,341,510 Joined:Aug 2006	Message Posted: Oct 6, 2012 4:50:30 AM Ignore tomok Report Abuse Natural Gas Glut Pushes Exports? If there is a natural gas glut then why export the natural gas? Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
rjhenn Champion Author Des Moines Posts:22,414 Points:2,225,650 Joined:Aug 2005	Message Posted: Oct 6, 2012 2:08:03 AM Ignore rjhenn Report Abuse Does anyone actually bother to even read the OP? They're talking about gas from the North Slope of Alaska. You know, Alaska, that bit of the US that even the southern part of which is separated from the rest of the US by about a thousand miles of rough country in Canada. Who's going to ship natural gas from Alaska to the rest of the US, when we've already got more than we can use?
METEOR49 Champion Author Ontario Posts:2,152 Points:451,225 Joined:Apr 2011	Message Posted: Oct 6, 2012 12:30:15 AM Ignore METEOR49 Report Abuse "streetcars" has it right.
Zonk Champion Author Michigan Posts:6,461 Points:2,098,765 Joined:Oct 2005	Message Posted: Oct 6, 2012 12:29:12 AM Ignore Zonk Report Abuse Good profits in the export business.
yakstar Champion Author Montreal Posts:2,400 Points:475,645 Joined:Jan 2012	Message Posted: Oct 6, 2012 12:26:21 AM Ignore yakstar Report Abuse I heard gas was going down to 5 cents/ gallon?
jwalkerh Champion Author Louisiana Posts:6,127 Points:1,368,270 Joined:Oct 2008	Message Posted: Oct 6, 2012 12:21:50 AM Ignore jwalkerh Report Abuse We can afford to export natural gas...
streetcars Champion Author Toledo Posts:12,244 Points:2,602,640 Joined:Apr 2005	Message Posted: Oct 6, 2012 12:21:41 AM Ignore streetcars Report Abuse Just what we need, first they ship our jobs overseas and now the rich are going to ship our natural resources overseas to be used against us. This country don't have a chance for a recovery as long as the greedy bastards run the show.
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Oct 6, 2012 12:21:34 AM Ignore jkpsr Report Abuse Liquify and get all large trucks to convert to it. This will absorb a good portion of it and make our air cleaner as well as containing shipping costs. According to industry experts, this, alone, would completely eliminate the need for Middle East oil.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Oct 6, 2012 12:20:03 AM Ignore tedjm1 Report Abuse okay
silverfox63 Champion Author Michigan Posts:8,100 Points:1,607,715 Joined:Oct 2008	Message Posted: Oct 6, 2012 12:18:53 AM Ignore silverfox63 Report Abuse And keep our prices down.
fenster66 Champion Author Pittsburgh Posts:3,330 Points:670,090 Joined:May 2011	Message Posted: Oct 6, 2012 12:18:22 AM Ignore fenster66 Report Abuse keep US prices down first....
rahcat Champion Author Grand Rapids Posts:2,448 Points:658,950 Joined:Jan 2010	Message Posted: Oct 6, 2012 12:18:04 AM Ignore rahcat Report Abuse We need more CNG vehicles,
smiles4 Rookie Author Alabama Posts:97 Points:282,560 Joined:Oct 2011	Message Posted: Oct 6, 2012 12:17:27 AM Ignore smiles4 Report Abuse ok
rawdog1313 Champion Author Lexington Posts:3,279 Points:1,638,805 Joined:May 2008	Message Posted: Oct 6, 2012 12:17:25 AM Ignore rawdog1313 Report Abuse By all means, they have to have more profit....Country be damned!
crreed1 Champion Author West Virginia Posts:1,965 Points:2,522,335 Joined:May 2005	Message Posted: Oct 6, 2012 12:17:15 AM Ignore crreed1 Report Abuse exporting
don10 Champion Author North Carolina Posts:1,507 Points:306,355 Joined:Jun 2012	Message Posted: Oct 6, 2012 12:17:02 AM Ignore don10 Report Abuse ok
DrLyon Champion Author Michigan Posts:6,635 Points:1,208,205 Joined:May 2006	Message Posted: Oct 6, 2012 12:16:07 AM Ignore DrLyon Report Abuse Keep it here...
Rageagainsttm Champion Author Tampa Posts:8,283 Points:1,898,980 Joined:Jul 2007	Message Posted: Oct 6, 2012 12:16:06 AM Ignore Rageagainsttm Report Abuse cool
skybiker Champion Author South Carolina Posts:7,272 Points:1,555,415 Joined:Jul 2008	Message Posted: Oct 6, 2012 12:16:03 AM Ignore skybiker Report Abuse Got more than we can use...
autohio Champion Author Ohio Posts:3,755 Points:815,475 Joined:Jan 2011	Message Posted: Oct 6, 2012 12:14:27 AM Ignore autohio Report Abuse Good
letterchunker Champion Author Texas Posts:2,225 Points:663,675 Joined:Aug 2008	Message Posted: Oct 6, 2012 12:13:40 AM Ignore letterchunker Report Abuse If we are not careful, Natural gas will be in same shape as gasoline.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,230 Joined:Mar 2006	Message Posted: Oct 6, 2012 12:13:25 AM Ignore Dodge_Me Report Abuse There goes the prices
1fulltank Champion Author Buffalo Posts:7,883 Points:1,540,310 Joined:Nov 2008	Message Posted: Oct 6, 2012 12:13:25 AM Ignore 1fulltank Report Abuse Old article.
Glock26 Champion Author Dayton Posts:1,509 Points:629,360 Joined:Mar 2011	Message Posted: Oct 6, 2012 12:12:37 AM Ignore Glock26 Report Abuse What a bunch of greedy bastards!!!
RAE344 Champion Author Virginia Beach Posts:3,044 Points:657,520 Joined:Jun 2011	Message Posted: Oct 6, 2012 12:11:15 AM Ignore RAE344 Report Abuse Not only should we not be the police man of the world, we should not be their energy supplier.
boatfloyd Champion Author Jacksonville Posts:1,698 Points:383,975 Joined:Mar 2012	Message Posted: Oct 6, 2012 12:11:12 AM Ignore boatfloyd Report Abuse I guess Wall Street has figured out how to keep our gas prices up.
Bigwaynef Champion Author South Carolina Posts:11,444 Points:2,076,760 Joined:Dec 2006	Message Posted: Oct 6, 2012 12:11:08 AM Ignore Bigwaynef Report Abuse Git R done...
TheeRedRam Champion Author Hartford Posts:3,143 Points:668,635 Joined:Jun 2011	Message Posted: Oct 6, 2012 12:09:36 AM Ignore TheeRedRam Report Abuse Hummm
Blue_Cruzer Champion Author Lexington Posts:7,500 Points:1,665,585 Joined:Mar 2007	Message Posted: Oct 6, 2012 12:09:29 AM Ignore Blue_Cruzer Report Abuse Crazy, we should have more CNG powered vehicles to take advantage of the glut.
12766 Champion Author New York Posts:2,423 Points:1,479,415 Joined:Oct 2008	Message Posted: Oct 6, 2012 12:08:56 AM Ignore 12766 Report Abuse OK
pa79th Champion Author Pennsylvania Posts:1,762 Points:1,212,850 Joined:Jun 2007	Message Posted: Oct 6, 2012 12:08:49 AM Ignore pa79th Report Abuse Sell it to Detroit! They are the ones not making the natural gas enigines for cars.
mrbee Champion Author Little Rock Posts:3,734 Points:2,462,430 Joined:Oct 2005	Message Posted: Oct 6, 2012 12:07:44 AM Ignore mrbee Report Abuse This is good for the eonomy. More jobs.
7SPEEDY7 Champion Author Flint Posts:1,271 Points:601,675 Joined:May 2011	Message Posted: Oct 6, 2012 12:07:36 AM Ignore 7SPEEDY7 Report Abuse Really.......
obimerrill Champion Author Cincinnati Posts:1,420 Points:285,715 Joined:Jul 2012	Message Posted: Oct 6, 2012 12:05:37 AM Ignore obimerrill Report Abuse We can use the external money coming in as long as it doesn't hurt us domestically
jetskijerry Champion Author North Carolina Posts:3,876 Points:768,270 Joined:Mar 2011	Message Posted: Oct 6, 2012 12:05:04 AM Ignore jetskijerry Report Abuse old news
joel27nc Champion Author Raleigh Posts:10,517 Points:1,854,370 Joined:Mar 2008	Message Posted: Oct 6, 2012 12:03:13 AM Ignore joel27nc Report Abuse Better to export than import!
shores4now Champion Author Kentucky Posts:2,386 Points:519,800 Joined:Jul 2009	Message Posted: Oct 6, 2012 12:03:07 AM Ignore shores4now Report Abuse Ok
jem069 Champion Author Detroit Posts:2,518 Points:683,080 Joined:Jan 2011	Message Posted: Oct 6, 2012 12:01:41 AM Ignore jem069 Report Abuse ok
nehemiah Champion Author Portland Posts:4,746 Points:927,590 Joined:Jul 2007	Message Posted: Oct 5, 2012 11:55:48 PM Ignore nehemiah Report Abuse ok
TedNC All-Star Author North Carolina Posts:985 Points:224,900 Joined:May 2011	Message Posted: Oct 5, 2012 11:52:09 PM Ignore TedNC Report Abuse It doesn't cost $65B to move natural gas.
bvrbill Champion Author Eugene Posts:3,188 Points:514,625 Joined:Jul 2011	Message Posted: Oct 5, 2012 11:51:10 PM Ignore bvrbill Report Abuse We need CNG vehicles.
30mpg80 Champion Author Lexington Posts:9,981 Points:1,483,855 Joined:Nov 2008	Message Posted: Oct 5, 2012 11:49:04 PM Ignore 30mpg80 Report Abuse Racing? How many years will it take to finish the project?
bonzoonfmb Champion Author Florida Posts:1,757 Points:640,400 Joined:Feb 2010	Message Posted: Oct 5, 2012 11:46:48 PM Ignore bonzoonfmb Report Abuse The energy companies would rather burn it off and waste it rather than provide it at a price where they might lose a few pennies.
crashintuc34 Champion Author Tucson Posts:4,032 Points:807,140 Joined:May 2010	Message Posted: Oct 5, 2012 11:42:06 PM Ignore crashintuc34 Report Abuse Super.