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Plan for U.S. natural gas exports brings talk of economic boon, fears of failure

Foxnews -- Not long ago, the U.S. was facing the prospect of spending billions to import pricey natural gas from overseas to heat our homes, fuel electrical generation and run our city buses. The industry was furiously building terminals to handle what was sure to be enormous ship traffic from places like Qatar and the United Arab Emirates.

Now -- as a result of the ‘fracking’ revolution -- the federal government is considering 15 applications to build huge facilities to liquefy natural gas from U.S. shale deposits and send it overseas.

The ability to tap natural gas from unconventional sources has quickly made the U.S. one of the world’s leading producers. But success has a downside. The price of gas domestically is near historic lows. In some places, companies are pulling back exploration beca

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Submitted Dec 18, 2012 By: skb69sa

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rjhenn Champion Author Des Moines Posts:22,414 Points:2,225,650 Joined:Aug 2005	Message Posted: Dec 19, 2012 6:43:43 PM Ignore rjhenn Report Abuse diesel8888 - "If we have the extras, why not. But keep prices low at the home front to stimulate the economy." The whole point of exporting NG is to increase prices at home.
remay Champion Author Houston Posts:6,943 Points:2,112,640 Joined:May 2006	Message Posted: Dec 19, 2012 12:35:23 PM Ignore remay Report Abuse "The ability to tap natural gas from unconventional sources ..." Just hope it all isn't short term...
diesel8888 Champion Author Salt Lake City Posts:1,171 Points:354,540 Joined:Nov 2011	Message Posted: Dec 19, 2012 11:27:21 AM Ignore diesel8888 Report Abuse If we have the extras, why not. But keep prices low at the home front to stimulate the economy.
sjf238 Champion Author Philadelphia Posts:1,215 Points:647,205 Joined:Mar 2011	Message Posted: Dec 19, 2012 10:40:58 AM Ignore sjf238 Report Abuse Anything to increase the price here.
jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Dec 19, 2012 9:13:02 AM Ignore jrs4125 Report Abuse Ship baby ship..... it will last forever right?
prcoqui Champion Author Maryland Posts:3,935 Points:1,669,425 Joined:Dec 2006	Message Posted: Dec 19, 2012 6:29:01 AM Ignore prcoqui Report Abuse Yesterday news.
tomok Champion Author Portland Posts:32,911 Points:2,341,510 Joined:Aug 2006	Message Posted: Dec 19, 2012 4:52:50 AM Ignore tomok Report Abuse Plan for U.S. natural gas exports brings talk of economic boon, fears of failure? Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. There will Not be much cheaper fuel prices for the US. More refineries are Not the answer, Stop exporting fuel is! The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
smoketown Champion Author Cincinnati Posts:6,211 Points:1,377,875 Joined:Feb 2008	Message Posted: Dec 18, 2012 3:56:42 PM Ignore smoketown Report Abuse I don't watch or read foxnews , one sided stories.
tankumo Veteran Author Vancouver Posts:392 Points:67,435 Joined:Dec 2012	Message Posted: Dec 18, 2012 3:56:28 PM Ignore tankumo Report Abuse CNG price is much much higher overseas, so exporting NG makes a lot of sense. Canada and US have huge potential, too bad we can't have a piece of the pie.
marsbars Champion Author Alaska Posts:2,658 Points:1,179,820 Joined:Sep 2006	Message Posted: Dec 18, 2012 3:50:03 PM Ignore marsbars Report Abuse This is not true in Alaska, prices are up here.
eagle_scout Champion Author St. Louis Posts:7,665 Points:1,511,800 Joined:Jul 2004	Message Posted: Dec 18, 2012 3:29:45 PM Ignore eagle_scout Report Abuse There go prices for us here in the US
MrPony Veteran Author North Carolina Posts:415 Points:390,040 Joined:Jul 2004	Message Posted: Dec 18, 2012 3:24:49 PM Ignore MrPony Report Abuse We shouldn't export until we no longer inport!
nickatnite Veteran Author Indianapolis Posts:370 Points:276,465 Joined:May 2012	Message Posted: Dec 18, 2012 3:19:20 PM Ignore nickatnite Report Abuse As Randolf Duke says at the end of "Trading Places" with Eddie Murphy and Dan Akroid, "Sell! Sell! Sell!"
carloco75 Champion Author Richmond Posts:3,699 Points:596,465 Joined:Oct 2010	Message Posted: Dec 18, 2012 3:18:53 PM Ignore carloco75 Report Abuse Blah Blah Blah...
julius1st4 Champion Author Ontario Posts:4,198 Points:1,190,050 Joined:Jul 2003	Message Posted: Dec 18, 2012 3:09:47 PM Ignore julius1st4 Report Abuse TALK IS CHEAP. It will take 5 years to get the "Infrastructure" in place to EXPORT the "Natural Gas'' [Pipelines/Distribution Network/CNG facilities/Haulage/ etc.} All this stuff doesn't happen "OVERNIGHT". And, how about "Environmental"issues and "Public" hearings.???
Holly123 Champion Author Charlotte Posts:3,182 Points:786,210 Joined:Dec 2010	Message Posted: Dec 18, 2012 3:02:12 PM Ignore Holly123 Report Abuse Good points mentioned below ..
Bonito Champion Author Dayton Posts:15,728 Points:3,003,895 Joined:Jun 2004	Message Posted: Dec 18, 2012 2:57:15 PM Ignore Bonito Report Abuse Should be a ban on exporting our gas, natural gas, and oil!
TheDix Champion Author Ontario Posts:3,094 Points:600,210 Joined:Dec 2009	Message Posted: Dec 18, 2012 2:56:18 PM Ignore TheDix Report Abuse When all the fracking goes viral the water will go virus and you will be importing water at $ 4.00/gallon.
snappytom2 Champion Author Corpus Christi Posts:3,527 Points:273,565 Joined:Jul 2008	Message Posted: Dec 18, 2012 2:49:16 PM Ignore snappytom2 Report Abuse I agree with deputydog082.
deputydog082 Champion Author Detroit Posts:1,761 Points:655,985 Joined:Apr 2011	Message Posted: Dec 18, 2012 2:46:40 PM Ignore deputydog082 Report Abuse how about keeping our gas here and lowering our domestic prices to help the economy?
Buck_on_Bass Champion Author Tennessee Posts:7,554 Points:1,451,310 Joined:Jul 2007	Message Posted: Dec 18, 2012 2:38:43 PM Ignore Buck_on_Bass Report Abuse In many places around the world natural gas is 2 to 4 times the North American price. With the price difference it was only a matter of time before someone attempted to begin exporting natural gas.
truckpdlr Champion Author Tucson Posts:2,937 Points:1,091,505 Joined:Sep 2009	Message Posted: Dec 18, 2012 2:34:47 PM Ignore truckpdlr Report Abuse No exports!!!
Sam195 Champion Author San Bernardino Posts:8,065 Points:1,570,100 Joined:Oct 2008	Message Posted: Dec 18, 2012 2:32:18 PM Ignore Sam195 Report Abuse Let them export to keep production going.
#12#_vabchusa All-Star Author Virginia Posts:742 Points:87,795 Joined:Jun 2004	Message Posted: Dec 18, 2012 2:30:51 PM Ignore #12#_vabchusa Report Abuse Lets export everything at less than it costs to replace,,...seems like the american way nowday.
njerald Champion Author Seattle Posts:7,809 Points:1,619,300 Joined:Oct 2007	Message Posted: Dec 18, 2012 2:27:56 PM Ignore njerald Report Abuse Liberals will always WHINE............
Barfood Champion Author St. Louis Posts:3,288 Points:1,013,070 Joined:Jun 2009	Message Posted: Dec 18, 2012 2:27:34 PM Ignore Barfood Report Abuse Maybe this will eventually lead to a lower national debt.
Taurus1 Champion Author Ohio Posts:3,115 Points:1,669,950 Joined:Apr 2006	Message Posted: Dec 18, 2012 2:25:14 PM Ignore Taurus1 Report Abuse Out of difficulties come inspiration and solutions.
UBDave Champion Author British Columbia Posts:1,204 Points:1,370,130 Joined:Oct 2008	Message Posted: Dec 18, 2012 2:22:55 PM Ignore UBDave Report Abuse Eventually it will all run out!!
bluebird1 Champion Author Toronto Posts:15,710 Points:3,103,150 Joined:May 2004	Message Posted: Dec 18, 2012 2:17:40 PM Ignore bluebird1 Report Abuse Keep it flowing boys...maybe someday we'll have Ng cars!!!
midnightsdc Champion Author Ontario Posts:2,294 Points:1,482,340 Joined:Jan 2007	Message Posted: Dec 18, 2012 2:15:58 PM Ignore midnightsdc Report Abuse Keep it at home.
fencemanNY Veteran Author New York Posts:408 Points:354,065 Joined:Jul 2008	Message Posted: Dec 18, 2012 2:15:25 PM Ignore fencemanNY Report Abuse So before we put a dime of public money into export, lets figure out every way we can use that CNG here in the US. America first!
jimmy544 Champion Author Boston Posts:4,074 Points:649,855 Joined:Feb 2011	Message Posted: Dec 18, 2012 2:14:05 PM Ignore jimmy544 Report Abuse Exporting OUR gas is like exporting OUR oil. It means we will have less in the future and will pay a higher price for OUR gas. Simple as that.
paulp24 Champion Author Harrisburg Posts:4,517 Points:818,325 Joined:Dec 2010	Message Posted: Dec 18, 2012 2:12:23 PM Ignore paulp24 Report Abuse Time will tell
alkarn Champion Author Riverside Posts:1,109 Points:241,125 Joined:Jul 2012	Message Posted: Dec 18, 2012 2:11:50 PM Ignore alkarn Report Abuse Hmm.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: Dec 18, 2012 2:11:41 PM Ignore kelly1016 Report Abuse The race for profit will leave the USA with ashortage again. Fracking may be crerating a new source but it is likely the last source and if it is exported for the profit of companies, later on Customers will be paying more to heat their hmes. Better to develope it as you need it.
HEBster Champion Author Kentucky Posts:8,768 Points:2,369,425 Joined:May 2006	Message Posted: Dec 18, 2012 2:11:09 PM Ignore HEBster Report Abuse Boom!
Tralp All-Star Author North Carolina Posts:787 Points:186,695 Joined:Oct 2012	Message Posted: Dec 18, 2012 2:09:12 PM Ignore Tralp Report Abuse It needs to stay here in the US
Toppers Champion Author Atlanta Posts:8,992 Points:2,465,945 Joined:Mar 2005	Message Posted: Dec 18, 2012 2:08:26 PM Ignore Toppers Report Abuse Wish we'd learn how to use more!
nskmda Champion Author Grand Rapids Posts:1,270 Points:785,030 Joined:May 2007	Message Posted: Dec 18, 2012 2:07:16 PM Ignore nskmda Report Abuse @pricechecker08 that's main concern
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Dec 18, 2012 2:06:52 PM Ignore 19sheldon43 Report Abuse Were a long way off from energy stabilization, were still taking baby steps
Cheepo Champion Author Tampa Posts:9,874 Points:3,124,980 Joined:Apr 2003	Message Posted: Dec 18, 2012 2:06:39 PM Ignore Cheepo Report Abuse Drill baby drill and keep it here!!!!!!
wshutton Champion Author Los Angeles Posts:1,651 Points:920,375 Joined:Mar 2009	Message Posted: Dec 18, 2012 2:04:15 PM Ignore wshutton Report Abuse Perhaps we should design these facilities to handle outgoing and incoming LNG. A few short years ago we were looking at importing LNG. That day may come again.
satrn38mpg Champion Author Raleigh Posts:5,052 Points:1,050,015 Joined:Sep 2009	Message Posted: Dec 18, 2012 2:03:58 PM Ignore satrn38mpg Report Abuse another bunch of speculation ..
Discovery02 Champion Author Colorado Springs Posts:2,520 Points:305,915 Joined:May 2012	Message Posted: Dec 18, 2012 2:01:59 PM Ignore Discovery02 Report Abuse Production will be controlled to keep prices/profits high.
Tiernan2012 Champion Author Sacramento Posts:1,073 Points:172,100 Joined:Oct 2012	Message Posted: Dec 18, 2012 1:58:58 PM Ignore Tiernan2012 Report Abuse Economic forecast today is talk of economic boon, with strong fears of failure. Our next segment, "The 'fracking' revolution - a Cylon conspiracy?" after these messages...
CatMan623 Champion Author Houston Posts:16,334 Points:2,339,795 Joined:Aug 2006	Message Posted: Dec 18, 2012 1:58:33 PM Ignore CatMan623 Report Abuse Gotta make that extra dollar today. Screw the future. The new "American Way"
91Hilux Champion Author New Haven Posts:2,142 Points:676,720 Joined:Aug 2007	Message Posted: Dec 18, 2012 1:58:15 PM Ignore 91Hilux Report Abuse Fraking has its issues, it's not a cure all...
ChristinaCricke Champion Author New Jersey Posts:3,722 Points:763,575 Joined:Mar 2011	Message Posted: Dec 18, 2012 1:57:04 PM Ignore ChristinaCricke Report Abuse ok
RichFWA Champion Author Tacoma Posts:1,171 Points:288,790 Joined:Mar 2011	Message Posted: Dec 18, 2012 1:57:01 PM Ignore RichFWA Report Abuse If they will buy it then go ahead and export it.
olebufnav Champion Author Omaha Posts:3,955 Points:1,019,230 Joined:Nov 2008	Message Posted: Dec 18, 2012 1:55:51 PM Ignore olebufnav Report Abuse Let's make money off the other countries for a change.