Thursday, May 29, 2014

The Rush To Export Natural Gas Is A Fool’s Errand

That’s the contention of this Resilience.org post.

It’s not an unsupported assertion. There are facts in the thing. I’ve seen these facts before.

It’s possible that it is true, so you might want to get some background — by reading this (and other things on the subject).

There are 2 possibilities:

1. Our country will build LNG export facilities which will, shortly after they go into operation, run out of natural gas to export. This would be bad for the people who finance these facilities (which might include taxpayers, for all we know at this moment).

2. The LNG export facilities will be FED in the future, no matter what the overall supply of natural gas is in the U.S. This means the price of natural gas to U.S. citizens and companies will go bananas on the upside. Not good for anyone, really.

3. The article is wrong.

- – - – -

LNG export has gained ground in recent weeks with the idea that we (the U.S.) can replace the Russians as a gas supplier to the Europeans. Apparently, if this article is right, we will be doing at at our own expense.

Most devastating factolito in the article: CURRENTLY, the U.S. “is still a net importer of natural gas.”

With all of the encouragement of the idea of building LNG facilities AND the blahblahblah about “energy independence,” I did not know that.

Did you?

Source: http://electricalcontractor.com/?p=14182

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