Natural gas prices set to jump with exports

Source: Pittsburgh Tribune-Review


Some companies that control America's natural gas are pushing for government approval to export gas overseas for higher profits on the international market, a move that will significantly drive up prices in the United States because this nation still imports more than 10 percent of its domestic needs.

Among the biggest expected customers for American gas exports: energy-thirsty China, other Asian nations and Europe.

Legendary Texas oilman, corporate raider and natural gas advocate T. Boone Pickens told the Tribune-Review that exporting large amounts of natural gas overseas is a mistake — and a national security issue.

If we do it, Pickens said, "we're truly going to go down as the dumbest generation."




Read more: http://www.pittsburghlive.com/x/pittsburghtrib/s_741745.html

eom

this wouldn't surprise me at all. Now that all the jobs have been outsourced,
might as well go with everything else and get it over with. I'm pretty much
thinking we are already about the dumbest generation. Look around and see who
is in control of everything. follow that money trail......

but I'm going to have to agree with the crazy old bastard on this one.

:crazy:

Bin Laden won. 1% live like King & Queens the rest have a hard time paying for food, housing, and health care.

so why not natural gas as well. The "Drill, Baby, Drill!" crowd should be reminded of that.

http://www.huffingtonpost.com/david-sassoon/us-oil-exports-hit-record_b_120058.html

to windfall profits on importing LNG. South America is in play, specially the The "Southern Cone": Argentina, Bolivia, Brazil, Chile, Uruguay and Paraguay.

Keep your eye on the ball, we're being played; LNG is the fastest-growing segment of the global energy market.

when it comes time to replace, i'm not interested in NG.

i'm also not for using NG to make electricity. too damned expensive.