President Obama has signaled his support for increasing the U.S.'s exports of natural gas,...

President Obama has signaled his support for increasing the U.S.'s exports of natural gas, saying that the country will probably be a net seller of LNG by 2020. The Department of Energy is assessing applications for 20 projects to export gas to nations with which the U.S. doesn't have a free trade agreement. Companies that could benefit include Dominion Resources (D), Cheniere Energy (LNG), Oiltanking Partners (OILT), Williams Cos. (WMB), Boardwalk Pipeline Partners (BWP) and Sempra Energy (SRE). Dow Chemical (DOW) and Alcoa (AA) are among those to oppose increased LNG exports, as it could raise their costs.

From other sites
Comments (8)
  • User 353732
    , contributor
    Comments (5161) | Send Message
    US natural gas has already begun to change the geo politics of energy. As gas displaces coal in the US, this coal is exported to Europe where it is used for power generation backing out Russian Gas, depressing Gazprom revenues and margins and reducing the leverage of Russian gas on Europe.


    Within a decade the US can be a major net exporter not only of LNG but also NGLs, ethane, petrochemicals and maybe even fertilizer and as US oil production increases and gas becomes more acceptable as a transportation fuel a minor importer of crude and a net exporter of refined petroleum products.


    The job and income creation consequences of this are profound as are the national security implications----the US navy can then shift the burden of defending middle east shipping lanes to the Chinese, Indian and Japanese navies.
    6 May 2013, 05:19 AM Reply Like
  • AZ Desert Trader
    , contributor
    Comments (338) | Send Message
    but I thought Obama was against creating jobs and prosperity?


    ****** roll eyes ******
    6 May 2013, 07:53 AM Reply Like
  • traderj44
    , contributor
    Comments (16) | Send Message
    OBAMA is only jumping on the bandwagon now because dispite his efforts to stand in the way of natural gas the free market is steamrolling over him WITH NO GOVT FUNDS
    6 May 2013, 10:11 AM Reply Like
    , contributor
    Comment (1) | Send Message
    The beauty of the future of U.S.natural gas exports is it undoes part of what the FED has done to rupture the U.S. economy. The 'Free Market" will always trump Kenysian economics.
    6 May 2013, 08:23 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (7064) | Send Message
    Why (AA)?
    6 May 2013, 09:26 PM Reply Like
  • jpmj4847
    , contributor
    Comments (567) | Send Message
    I believe that would be the same reason as DOW and many other USA companies, who would benefit for the gas boom. Lowering their operational costs are just one of the big guess .. Michael, I have read many of your informative comments on many article... is the a trick question? Thanks for keeping all thinking. jpmf4847
    6 May 2013, 11:06 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7064) | Send Message
    No, I would think (DOW) objects, because they want to keep natural gas prices low. Most chemicals start from natural gas or petroleum. But why (AA), which is an aluminum company? Only thing I can think of is that cheap natural gas keeps (AA)'s electricity costs low. And making aluminum is a very electricity-demanding process.


    Export of natural gas still fuels the natural gas boom, as producers will search for more to export.
    7 May 2013, 12:13 AM Reply Like
  • jpmj4847
    , contributor
    Comments (567) | Send Message
    Yes , I searched backed and some put AA on both side of the fence, oppose/ agree to the many.... exporting. I like your last statement....long term and I'm long O/G plays. On the other hand, for the short term let us put USA first with the gas boom, letting LNG with their permit in hand and the front runner do our exports. I think that the time frame for approving the 20 or so other will work out excellent for all.....looong on USA. By the way I hope you will welcome a new comer as a follower. Thanks, jpmj4847
    7 May 2013, 01:01 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs