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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural Gas Glut Pushes Exports Back to Topics
REPLIES (newest first) Post a Reply
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beale055
Champion Author Philadelphia

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Message Posted: Oct 7, 2012 5:34:02 AM

Thieves
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beale055
Champion Author Philadelphia

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Message Posted: Oct 7, 2012 5:33:39 AM

Blah blah blah
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HawaiianGuy
Champion Author Idaho

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Message Posted: Oct 6, 2012 4:28:57 PM

Right. All this talk about energy independence is just that; TALK. Just WITF are we doing?
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remay
Champion Author Houston

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Message Posted: Oct 6, 2012 8:31:56 AM

Now if US companies just took advantage of the technology for powering vehicles, and export the new vehicles as well!
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12mpgnavigator
Champion Author Seattle

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Message Posted: Oct 6, 2012 6:52:14 AM

CNG all the way!
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nb52
Champion Author Grand Rapids

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Message Posted: Oct 6, 2012 4:48:33 AM

Lower prices are better for every one.
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tomok
Champion Author Portland

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Message Posted: Oct 6, 2012 2:50:30 AM

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!
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rjhenn
Champion Author Des Moines

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Message Posted: Oct 6, 2012 12:08:03 AM

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?
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METEOR49
Champion Author Ontario

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Message Posted: Oct 5, 2012 10:30:15 PM

"streetcars" has it right.
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Zonk
Champion Author Michigan

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Message Posted: Oct 5, 2012 10:29:12 PM

Good profits in the export business.
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yakstar
Champion Author Montreal

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Message Posted: Oct 5, 2012 10:26:21 PM

I heard gas was going down to 5 cents/ gallon?
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jwalkerh
Champion Author Louisiana

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Message Posted: Oct 5, 2012 10:21:50 PM

We can afford to export natural gas...
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streetcars
Champion Author Toledo

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Message Posted: Oct 5, 2012 10:21:41 PM

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.
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jkpsr
Champion Author New Jersey

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Message Posted: Oct 5, 2012 10:21:34 PM

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.
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tedjm1
Champion Author New York

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Message Posted: Oct 5, 2012 10:20:03 PM

okay
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silverfox63
Champion Author Michigan

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Message Posted: Oct 5, 2012 10:18:53 PM

And keep our prices down.
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fenster66
Champion Author Pittsburgh

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Message Posted: Oct 5, 2012 10:18:22 PM

keep US prices down first....
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 5, 2012 10:18:04 PM

We need more CNG vehicles,
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smiles4
Rookie Author Alabama

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Message Posted: Oct 5, 2012 10:17:27 PM

ok
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rawdog1313
Champion Author Lexington

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Message Posted: Oct 5, 2012 10:17:25 PM

By all means, they have to have more profit....Country be damned!
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crreed1
Champion Author West Virginia

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Message Posted: Oct 5, 2012 10:17:15 PM

exporting
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don10
Champion Author North Carolina

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Message Posted: Oct 5, 2012 10:17:02 PM

ok
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DrLyon
Champion Author Michigan

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Message Posted: Oct 5, 2012 10:16:07 PM

Keep it here...
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Rageagainsttm
Champion Author Tampa

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Message Posted: Oct 5, 2012 10:16:06 PM

cool
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skybiker
Champion Author South Carolina

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Message Posted: Oct 5, 2012 10:16:03 PM

Got more than we can use...
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autohio
Champion Author Ohio

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Message Posted: Oct 5, 2012 10:14:27 PM

Good
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letterchunker
Champion Author Texas

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Message Posted: Oct 5, 2012 10:13:40 PM

If we are not careful, Natural gas will be in same shape as gasoline.
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Dodge_Me
Champion Author Atlanta

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Message Posted: Oct 5, 2012 10:13:25 PM

There goes the prices
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1fulltank
Champion Author Buffalo

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Message Posted: Oct 5, 2012 10:13:25 PM

Old article.
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Glock26
Champion Author Dayton

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Message Posted: Oct 5, 2012 10:12:37 PM

What a bunch of greedy bastards!!!
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RAE344
Champion Author Virginia Beach

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Message Posted: Oct 5, 2012 10:11:15 PM

Not only should we not be the police man of the world, we should not be their energy supplier.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Oct 5, 2012 10:11:12 PM

I guess Wall Street has figured out how to keep our gas prices up.
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Bigwaynef
Champion Author South Carolina

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Message Posted: Oct 5, 2012 10:11:08 PM

Git R done...
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TheeRedRam
Champion Author Hartford

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Message Posted: Oct 5, 2012 10:09:36 PM

Hummm
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Oct 5, 2012 10:09:29 PM

Crazy, we should have more CNG powered vehicles to take advantage of the glut.
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12766
Champion Author New York

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Message Posted: Oct 5, 2012 10:08:56 PM

OK
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pa79th
Champion Author Pennsylvania

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Message Posted: Oct 5, 2012 10:08:49 PM

Sell it to Detroit! They are the ones not making the natural gas enigines for cars.
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mrbee
Champion Author Little Rock

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Message Posted: Oct 5, 2012 10:07:44 PM

This is good for the eonomy. More jobs.
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7SPEEDY7
Champion Author Flint

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Message Posted: Oct 5, 2012 10:07:36 PM

Really.......
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obimerrill
Champion Author Cincinnati

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Message Posted: Oct 5, 2012 10:05:37 PM

We can use the external money coming in as long as it doesn't hurt us domestically
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jetskijerry
Champion Author North Carolina

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Message Posted: Oct 5, 2012 10:05:04 PM

old news
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joel27nc
Champion Author Raleigh

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Message Posted: Oct 5, 2012 10:03:13 PM

Better to export than import!
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shores4now
Champion Author Kentucky

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Message Posted: Oct 5, 2012 10:03:07 PM

Ok
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jem069
Champion Author Detroit

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Message Posted: Oct 5, 2012 10:01:41 PM

ok
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nehemiah
Champion Author Portland

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Message Posted: Oct 5, 2012 9:55:48 PM

ok
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TedNC
Champion Author North Carolina

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Message Posted: Oct 5, 2012 9:52:09 PM

It doesn't cost $65B to move natural gas.
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bvrbill
Champion Author Eugene

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Message Posted: Oct 5, 2012 9:51:10 PM

We need CNG vehicles.
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30mpg80
Champion Author Lexington

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Message Posted: Oct 5, 2012 9:49:04 PM

Racing? How many years will it take to finish the project?
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bonzoonfmb
Champion Author Florida

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Message Posted: Oct 5, 2012 9:46:48 PM

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.
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crashintuc34
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Message Posted: Oct 5, 2012 9:42:06 PM

Super.
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