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The Energy Department is reviewing 16 applications for liquefied natural gas export terminals...

The 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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Comments (5)
  • Mike Maher
    , contributor
    Comments (2809) | Send Message
     
    The US as an economy gains if we are a low cost producer and export. Its a no-brain decision to let these companies build export terminals.
    11 Jan 2013, 05:35 PM Reply Like
  • davidbdc
    , contributor
    Comments (3184) | Send Message
     
    DOW just announced it was laying off 1200 American Chemical workers in October - so who cares what they say - they are making billions and laying off American employees.

     

    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!)!!
    11 Jan 2013, 06:01 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Welcome to the global economy. Yes, it includes energy and NG. What's the problem?
    11 Jan 2013, 11:45 PM Reply Like
  • carolinainvestor
    , contributor
    Comments (6) | Send Message
     
    Higher natural gas prices are a given.It is totally illogical
    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.
    13 Jan 2013, 11:14 AM Reply Like
  • srodia
    , contributor
    Comments (4) | Send Message
     
    I agree with Mike Maher, those who would resort to autarky are not thinking clearly. Natural gas exports will create jobs and business opportunities at storage terminals, pipelines, LNG plants etc,,, all privately funded, while at the same time add to GDP.

     

    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.
    13 Jan 2013, 03:44 PM Reply Like
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