As a second U.S. liquefied natural gas export project gets the green light, Credit Suisse is the...

As a second U.S. liquefied natural gas export project gets the green light, Credit Suisse is the latest to predict how much LNG the U.S. might send overseas: potentially 10B cu. ft./day by the end of the decade. Growing confidence that more export approvals are ahead has lifted U.S. natural gas calendar-strip prices for 2015, '16 and '17 by 3%, 4% and 5%, respectively, CS says. (earlier)

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Comments (3)
  • Hendershott
    , contributor
    Comments (1758) | Send Message
    Export 10bcfd, we presently produce about 86bcfd and could quickly produce a lot more just by uncorking the shut in wells. At some price drilling in some deposits becomes profitable so there will be plenty of supply. NG probably doesn't have a huge upside but it likely doesn't have much downside either. The oil market could find itself in a similar position if Canada finds an outlet for it's scheduled production increases, we keep expanding production from shales and more subsalt discoveries are made.
    21 May 2013, 07:37 PM Reply Like
  • MineMan
    , contributor
    Comments (565) | Send Message
    I say let the Canadian tar sands go tot eh over seas market, after being refined in the US. Presently their are no US refineries allotted any oil from XL Pipeline, all for export as crude.
    Where is this good for US? a few hundred pipeline jobs. We will not be able to refine the oil we produce from our own (US) sources in
    5 years, not enough refinery capacity and a turn down of Hyperion refinery in SD by EPA does not help. Placing air pollution limitations that could not be achieved with current technology, what is with that?
    If tar sands crude from Canada are not refined before shipping, we do not need it. If there is no provision that the crude shipped in the XL Pipeline be refined in the US, we should not approve it.
    22 May 2013, 10:08 AM Reply Like
  • robophobia
    , contributor
    Comment (1) | Send Message
    MineMan, I live in Elk Point SD, home of the proposed Hyperion Refinery. The EPA did not kill the project, they ran out of funds and time as both the Air Permit and and options expired. Killed by economics, not the government.
    14 Jun 2013, 12:51 AM Reply Like
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