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The Energy Department is reviewing 16 applications for liquefied natural gas export terminals...
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Friday, January 11, 5:21 PM ETThe Energy Department is reviewing 16 applications for liquefied natural gas export terminals and could begin making decisions early this year. Big gas users, such as DOW, EMN and NUE, which have benefited from the fall in energy prices via the shale gas boom, join together to keep U.S. gas in the U.S. Blocking such exports would help those few but hurt many more, Michael Economides writes.
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This news story has 5 comments:
Low NG prices just mean the executives get bigger bonusses - it doesn't help the workers. Not to mention domestic producers will still have a cost advantage given the cost to export.
Get those terminals built and lets start cranking up the production (and price!)!!
To think the US can exclusively use the natural gas
produced here. Businesses make this natural gas
available,and will ultimately sell to the best-priced
World markets.
Those who think hoarding is the better option forget there are both supply and demand forces at work. With or without exports natural gas producers will shutter production if prices fall below the marginal cost of production thus creating a pricing floor. Foreign exports could bring price stability and on balance be a net positive to both consumers and producers.