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Omaha Steve

(99,494 posts)
Sun May 12, 2013, 02:14 PM May 2013

Plans to export US natural gas stir debate

Source: AP-Excite

By MATTHEW DALY

WASHINGTON (AP) - A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.

Expanded drilling is unlocking enormous reserves of crude oil and natural gas, offering the potential of moving the country closer to its decades-long quest for energy independence. Yet as the industry looks to profit from foreign markets, there is the specter of higher prices at home and increased manufacturing costs for products from plastics to fertilizers.

Companies such as Exxon Mobil and Sempra Energy (SRE) are seeking federal permits for more than 20 export projects that could handle as much as 29 billion cubic feet of natural gas a day.

If approved, the resulting export boom could lead to further increases in hydraulic fracturing, a drilling technique also known as fracking. It has allowed companies to gain access to huge stores of natural gas underneath states from Colorado to New York, but raised widespread concerns about alleged groundwater contamination and even earthquakes.

FULL story at link.


Read more: http://apnews.excite.com/article/20130512/DA67O2G82.html





This June 13, 2003 file photo shows pipelines running from the offshore docking station to four liquefied natural gas (LNG) tanks at the Dominion Resources Inc. Liquefied Natural Gas facility in Cove Point, Md. A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking. (AP Photo/Matt Houston, File)

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SharonAnn

(13,771 posts)
1. Of course they'll export gas and oil. Whoever pays top dollar! It's the reason for Keystone
Sun May 12, 2013, 02:19 PM
May 2013

pipeline. Move the tar sands oil to a refinery that is on the coast and that has oil export facilities.

You think they were doing it to help out U.S. customers?

No. We just give them tax breaks, let them destroy our environment in the drilling process, and let them take the final product away from us.

Flashmann

(2,140 posts)
2. Plans to export US natural gas stir debate
Sun May 12, 2013, 02:29 PM
May 2013

Sure...Why not...Ship it out=more customers=more profit...Use claims of resulting diminished reserves and shortage possibilities to drive up prices domestically=more profit again...Probable huge bonuses for gas/oil execs ,larger bribes for the politicians and bureaucrats they own...Win win for everyone...Except those of us who pay to use the shit!

Omaha Steve

(99,494 posts)
4. Take Action: Fracking Tell Obama: Keep Your Promise on Fracking! (E-action)
Sun May 12, 2013, 02:36 PM
May 2013

Please sign at the link.

http://therainforestsite.greatergood.com/clickToGive/trs/petition/EarthJustice-Fracking?Origin=ETE_051013_EarthJustice-Fracking_F

Dear President Obama,

During your State of the Union speech, I was glad to hear your promise that drilling and fracking for natural gas would happen "without putting the health and safety of our citizens at risk."

As the Department of the Interior and Environmental Protection Agency prepare to issue regulations on fracking chemical disclosure, I am writing you to remind you of this promise.

Unfortunately, the proposed DOI rule regarding fracking on public lands does not require fracking companies to disclose chemicals before they are pumped into the ground. In its final rule, your administration must require pre-fracking chemical disclosure — a critical measure that would give nearby communities time to test and monitor water supplies for any fracking-related water pollution.

Keeping your promise to the American public is not only the right thing to do. It's the smart thing to do. The public is rightfully skeptical of an industry that demands so much secrecy. And if your administration's rules fail to make available critical information that will protect public health, it will only further undermine public confidence in this industry.

I know the oil and gas industry has been pressuring you to propose and finalize weakened rules. But I am counting on you to make the right decision.

?cb=1368213048416

Populist_Prole

(5,364 posts)
5. Yet stupid RW-ers will no doubt blame Obama on rising gas costs
Sun May 12, 2013, 02:36 PM
May 2013

Of course when you point out to them the rising costs are due to tighter supplies thanks to moves like this, they will, without even the smallest hint of irony, puff out their chests and boldly aver the rights of a corporation to seek maximum profits.

Champion Jack

(5,378 posts)
6. Live near Fracking? Expect lower property values
Sun May 12, 2013, 03:03 PM
May 2013

Their fears are justified. A team of Duke University economists and nonprofit research organization Resources for the Future found Pennsylvania homeowners who used local groundwater for drinking lost up to 24% of their property value if they lived within 1.25 miles of a shale gas well.

http://www.businessinsider.com/what-hurts-home-value-2013-5#just-the-threat-of-fracking-drives-home-values-down-by-24-6

Mr.Bill

(24,238 posts)
7. Putting the fracking arguement aside for a moment,
Sun May 12, 2013, 03:55 PM
May 2013

the government should issue no permits for the exploration or transport through pipeline of any fossil fuels without the stipulation that all product recovered from that site be kept in the United States.

For one thing the demand for the Keystone pipeline would vanish overnight.

 

another_liberal

(8,821 posts)
10. All about the Koch brothers . . .
Sun May 12, 2013, 06:27 PM
May 2013

That is a fact. The Keystone pipeline project is all about the Koch brothers getting to sell Texas refined tar sands oil to East Asian energy markets. They get the big money. We get the inevitable spills and agonizing clean-ups.

NickB79

(19,224 posts)
13. Bingo. NG companies need higher prices fast
Mon May 13, 2013, 01:10 AM
May 2013

They've sunk millions into fracking new gas fields, and in the process flooded the domestic market. The current low prices mean they don't have a profit margin, so they're looking to export it to use up the surplus.

End result: Asian markets will pay top dollar AND US consumers will be forced to pay more as well. Capitalism for the win!

 

another_liberal

(8,821 posts)
9. Anyone who supports this proposal . . .
Sun May 12, 2013, 06:14 PM
May 2013

It is far past time for this industry to finally come under the environmental regulations all other such dangerous and ecologically damaging industries have to abide by. Anyone who supports sale of American fracked gas and oil overseas should have to live next to an actual fracking operation for a few years. Want to bet the supporters would thin out in a hurry?

Capt13

(62 posts)
11. National Resources
Sun May 12, 2013, 10:35 PM
May 2013

Should belong to the citizens of this land...same as other national treasure. Wait that's Socialist

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