Posted on 08/18/2017 8:59:07 PM PDT by artichokegrower
President Donald Trump’s effort to boost U.S. energy is facing push back from manufacturers who say exporting more natural gas may undercut his “America First” jobs focus.
The Industrial Energy Consumers of America asked the administration Wednesday for a moratorium on U.S. approvals for liquefied natural gas projects. The trade association, which represents U.S. manufacturers that depend on cheap energy to fuel their factories, sent a letter to Energy Secretary Rick Perry Wednesday.
(Excerpt) Read more at gcaptain.com ...
You billionaire industrialists sure showed Trump a thing or two by making big publicity in bailing out of the president's economic councils. Go talk to Antifa and see if they give you any sympathy.
What happened to the many LNG projects that were predicted?
Any E&C companies hiring process design engineers?
All the LNG terminals and ships that could conceivably be built wouldn’t make a 1/4 of 1% difference in the amount of available natural gas. This is a complete nothing.
Well, boo freekin’ hoo.
It is not the job of the US government to guarantee below market rate energy to businesses.
We are kicking the Russian’s and Saudi’s teeth in with these LNG projects. This is a very good thing.
Call me a cynic, but I suspect Russian influence behind this request. We are freeing the Baltic states and Eastern Europe from the tyranny of the Russian’s energy monopoly. We should have done this a long, long time ago.
In a quaint time long passed, the market took care of such matters.
DITTO!
Sorry, we are free to sell gas all over the world
For those companies who may be too comfortable with crony capitalism, it’s weening off time. It is time to use American ingenuity, hard work, imagination and a can-do attitude. American industry will have to DESERVE the American consumer. Quit belly aching.......get it done.
In fact, the tremendous increase in natural gas supply has actually revived America’s plastics industry, since natural gas is a perfect base material to make plastics.
Low energy cost and abundant supplies of oil and gas
Feedstock for various petrochemicals, agrochemicals industries.
The USA will end up owning big chunks of these industries The U.S. is expected to see a wave of petrochemical plant openings between now and next year. Those plants represent about $50 billion of $160 billion in manufacturing investment earmarked by the industry since 2012, according to James Fitterling, president and COO of Dow Chemical. Among them are several big ethylene plants, including one expected to be opened by Dow in Freeport, Texas, in the second quarter.
"It's about 1.5 million tons of new capacity for us. It will be up in the second quarter sometime," said Fitterling, speaking in Houston at the CERAWeek conference, sponsored by IHS Markit. He said Dow also opened a billion-dollar propane dehydrogenation plant in Freeport at the end of 2015. "That was the first megaproject we've done on the Gulf Coast for quite some time."
Exxon Mobil this week announced a $20 billion spending program to expand its manufacturing capacity along the Gulf Coast, including some previously announced investment. The announcement came at CERAWeek.
Industry executives say this is the first big wave of chemical plant construction in decades.
President Donald J. Trump tweeted congratulations on Exxon's investment and promise of jobs. But the petrochemical renaissance has been building for several years. Trump's policy may unleash more if it results in the creation of pipelines and other infrastructure.
"The U.S. has gone from a shale gas boom to a petrochemical boom," said Scott Sheffield, CEO of Pioneer Natural Resources. While natural gas industry experts discussed the outlook for a long period of low gas prices at the conference, the petrochemical industry described what only can be viewed as a boom in an industry that had been declining in the United States.
Fitterling said there was a wave of plants that started construction back in the 2012 time frame, and between 2017 and 2018, there will be approximately $50 billion of that total $160 billion of capacity up and running. "These are all downstream petrochemical plants, including ethylene facilities, propylene facilities and all the downstream products associated with them. Another wave of plants — some that started and some that were a little bit delayed and slid out to the 2019 time frame — represent another $12 billion," Fitterling said. There are more than 20 big projects and other smaller ones, all which should be completed by 2023.
Another wave of new capacity is likely to be planned after that, Fitterling said. There are estimates that the current planned investment could generate 70,000 to 80,000 direct jobs.
Just a little bit of the President Donald J. Trump leadership in MAGA.
How is us exporting undercutting jobs? Between their support of export taxes through income tax and illegal immigrants and now this, I am starting to think the corporations want more corporate welfare and prevent
domestic production from interfering with import international businesses helping China
Chamber of
commerce behind this?
If we had not lost some much of our manufacturing to China, then maybe we would not need to sell natural gas overseas. Gee who moved their production to China? Who could be responsable?
Are those domestic manufacturer customers of petrochemicals going to pass along the cost savings to their customers, like the buyers of tires?
Interesting position. Was it because of Trump’s energy policy being opposed because it abandons exclusive protectionism that Trump felt it was necessary to shut down those councils ?
I’m actually building the first of it’s kind liquid natural gas production facility... for export, here in Cove Point, Maryland.
Been on the project for over a year and a half now.
They’ve already started building another LNG production facility in Pittsburgh, PA and Oregon is getting ready to break ground on an LNG production and export facility.
This is nothing but Fake News. Any organization asking the government to interfere in free enterprise does not represent the way this nation was founded and does not deserve my support.
What percentage of tires sold in the US are made overseas?
(Bloomberg) Modern LNG Carriers Earning More Taking the Scenic Route
Thanks for posting link.
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