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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:1,292 Points:426,225 Joined:Jan 2012	Message Posted: Oct 7, 2012 5:34:02 AM Ignore beale055 Report Abuse Thieves
beale055 Champion Author Philadelphia Posts:1,292 Points:426,225 Joined:Jan 2012	Message Posted: Oct 7, 2012 5:33:39 AM Ignore beale055 Report Abuse Blah blah blah
HawaiianGuy Champion Author Idaho Posts:9,528 Points:3,078,950 Joined:May 2003	Message Posted: Oct 6, 2012 4:28:57 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:6,963 Points:2,117,390 Joined:May 2006	Message Posted: Oct 6, 2012 8:31:56 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:2,774 Points:651,685 Joined:Jun 2009	Message Posted: Oct 6, 2012 6:52:14 AM Ignore 12mpgnavigator Report Abuse CNG all the way!
nb52 Champion Author Grand Rapids Posts:7,780 Points:1,546,850 Joined:Nov 2008	Message Posted: Oct 6, 2012 4:48:33 AM Ignore nb52 Report Abuse Lower prices are better for every one.
tomok Champion Author Portland Posts:33,011 Points:2,345,510 Joined:Aug 2006	Message Posted: Oct 6, 2012 2:50:30 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:22,438 Points:2,229,700 Joined:Aug 2005	Message Posted: Oct 6, 2012 12:08:03 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:2,172 Points:454,475 Joined:Apr 2011	Message Posted: Oct 5, 2012 10:30:15 PM Ignore METEOR49 Report Abuse "streetcars" has it right.
Zonk Champion Author Michigan Posts:6,481 Points:2,102,765 Joined:Oct 2005	Message Posted: Oct 5, 2012 10:29:12 PM Ignore Zonk Report Abuse Good profits in the export business.
yakstar Champion Author Montreal Posts:2,415 Points:479,070 Joined:Jan 2012	Message Posted: Oct 5, 2012 10:26:21 PM Ignore yakstar Report Abuse I heard gas was going down to 5 cents/ gallon?
jwalkerh Champion Author Louisiana Posts:6,132 Points:1,368,945 Joined:Oct 2008	Message Posted: Oct 5, 2012 10:21:50 PM Ignore jwalkerh Report Abuse We can afford to export natural gas...
streetcars Champion Author Toledo Posts:12,264 Points:2,606,640 Joined:Apr 2005	Message Posted: Oct 5, 2012 10:21:41 PM 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:4,079 Points:1,101,905 Joined:Jun 2005	Message Posted: Oct 5, 2012 10:21:34 PM 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 5, 2012 10:20:03 PM Ignore tedjm1 Report Abuse okay
silverfox63 Champion Author Michigan Posts:8,120 Points:1,611,715 Joined:Oct 2008	Message Posted: Oct 5, 2012 10:18:53 PM Ignore silverfox63 Report Abuse And keep our prices down.
fenster66 Champion Author Pittsburgh Posts:3,350 Points:674,090 Joined:May 2011	Message Posted: Oct 5, 2012 10:18:22 PM Ignore fenster66 Report Abuse keep US prices down first....
rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Oct 5, 2012 10:18:04 PM Ignore rahcat Report Abuse We need more CNG vehicles,
smiles4 Rookie Author Alabama Posts:97 Points:283,910 Joined:Oct 2011	Message Posted: Oct 5, 2012 10:17:27 PM Ignore smiles4 Report Abuse ok
rawdog1313 Champion Author Lexington Posts:3,299 Points:1,642,805 Joined:May 2008	Message Posted: Oct 5, 2012 10:17:25 PM Ignore rawdog1313 Report Abuse By all means, they have to have more profit....Country be damned!
crreed1 Champion Author West Virginia Posts:1,985 Points:2,526,335 Joined:May 2005	Message Posted: Oct 5, 2012 10:17:15 PM Ignore crreed1 Report Abuse exporting
don10 Champion Author North Carolina Posts:1,527 Points:310,355 Joined:Jun 2012	Message Posted: Oct 5, 2012 10:17:02 PM Ignore don10 Report Abuse ok
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: Oct 5, 2012 10:16:07 PM Ignore DrLyon Report Abuse Keep it here...
Rageagainsttm Champion Author Tampa Posts:8,303 Points:1,902,980 Joined:Jul 2007	Message Posted: Oct 5, 2012 10:16:06 PM Ignore Rageagainsttm Report Abuse cool
skybiker Champion Author South Carolina Posts:7,297 Points:1,559,515 Joined:Jul 2008	Message Posted: Oct 5, 2012 10:16:03 PM Ignore skybiker Report Abuse Got more than we can use...
autohio Champion Author Ohio Posts:3,775 Points:819,475 Joined:Jan 2011	Message Posted: Oct 5, 2012 10:14:27 PM Ignore autohio Report Abuse Good
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Oct 5, 2012 10:13:40 PM 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:556,230 Joined:Mar 2006	Message Posted: Oct 5, 2012 10:13:25 PM Ignore Dodge_Me Report Abuse There goes the prices
1fulltank Champion Author Buffalo Posts:7,903 Points:1,544,310 Joined:Nov 2008	Message Posted: Oct 5, 2012 10:13:25 PM Ignore 1fulltank Report Abuse Old article.
Glock26 Champion Author Dayton Posts:1,524 Points:632,385 Joined:Mar 2011	Message Posted: Oct 5, 2012 10:12:37 PM Ignore Glock26 Report Abuse What a bunch of greedy bastards!!!
RAE344 Champion Author Virginia Beach Posts:3,059 Points:660,545 Joined:Jun 2011	Message Posted: Oct 5, 2012 10:11:15 PM 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:1,718 Points:387,975 Joined:Mar 2012	Message Posted: Oct 5, 2012 10:11:12 PM Ignore boatfloyd Report Abuse I guess Wall Street has figured out how to keep our gas prices up.
Bigwaynef Champion Author South Carolina Posts:11,472 Points:2,080,760 Joined:Dec 2006	Message Posted: Oct 5, 2012 10:11:08 PM Ignore Bigwaynef Report Abuse Git R done...
TheeRedRam Champion Author Hartford Posts:3,163 Points:672,635 Joined:Jun 2011	Message Posted: Oct 5, 2012 10:09:36 PM Ignore TheeRedRam Report Abuse Hummm
Blue_Cruzer Champion Author Lexington Posts:7,520 Points:1,669,585 Joined:Mar 2007	Message Posted: Oct 5, 2012 10:09:29 PM 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:2,443 Points:1,483,315 Joined:Oct 2008	Message Posted: Oct 5, 2012 10:08:56 PM Ignore 12766 Report Abuse OK
pa79th Champion Author Pennsylvania Posts:1,782 Points:1,216,850 Joined:Jun 2007	Message Posted: Oct 5, 2012 10:08:49 PM 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:3,754 Points:2,465,980 Joined:Oct 2005	Message Posted: Oct 5, 2012 10:07:44 PM Ignore mrbee Report Abuse This is good for the eonomy. More jobs.
7SPEEDY7 Champion Author Flint Posts:1,291 Points:605,675 Joined:May 2011	Message Posted: Oct 5, 2012 10:07:36 PM Ignore 7SPEEDY7 Report Abuse Really.......
obimerrill Champion Author Cincinnati Posts:1,440 Points:289,715 Joined:Jul 2012	Message Posted: Oct 5, 2012 10:05:37 PM 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:3,896 Points:772,270 Joined:Mar 2011	Message Posted: Oct 5, 2012 10:05:04 PM Ignore jetskijerry Report Abuse old news
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: Oct 5, 2012 10:03:13 PM Ignore joel27nc Report Abuse Better to export than import!
shores4now Champion Author Kentucky Posts:2,406 Points:523,800 Joined:Jul 2009	Message Posted: Oct 5, 2012 10:03:07 PM Ignore shores4now Report Abuse Ok
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Oct 5, 2012 10:01:41 PM Ignore jem069 Report Abuse ok
nehemiah Champion Author Portland Posts:4,761 Points:930,615 Joined:Jul 2007	Message Posted: Oct 5, 2012 9:55:48 PM Ignore nehemiah Report Abuse ok
TedNC All-Star Author North Carolina Posts:995 Points:226,950 Joined:May 2011	Message Posted: Oct 5, 2012 9:52:09 PM Ignore TedNC Report Abuse It doesn't cost $65B to move natural gas.
bvrbill Champion Author Eugene Posts:3,217 Points:518,525 Joined:Jul 2011	Message Posted: Oct 5, 2012 9:51:10 PM Ignore bvrbill Report Abuse We need CNG vehicles.
30mpg80 Champion Author Lexington Posts:10,019 Points:1,486,880 Joined:Nov 2008	Message Posted: Oct 5, 2012 9:49:04 PM Ignore 30mpg80 Report Abuse Racing? How many years will it take to finish the project?
bonzoonfmb Champion Author Florida Posts:1,782 Points:644,585 Joined:Feb 2010	Message Posted: Oct 5, 2012 9:46:48 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:4,047 Points:811,665 Joined:May 2010	Message Posted: Oct 5, 2012 9:42:06 PM Ignore crashintuc34 Report Abuse Super.