The Obammunist is denying permits to build LNG ports.
It’s my understanding that natural gas storage capability is limited, and that you can’t liquify it it for nothing. Still, it’s at least a twofer. It’s good for jobs, especially when the recoverable crude is limited, and the current accounts deficit, what used to be called our negative balance of trade. This energy sold overseas helps when uou have a fiat currency.
Global energy markets have been screaming for Americas natural gas bounty. The rise of fracking has caused prices stateside to plunge to about a fifth the level in Europe and about an eighth the Asian price.This is obviously unstable; the substitution cost of natural gas is obviously far more than the current price, and uses for natural gas will proliferate. LNG export is one such use, perhaps the largest - but its hard to see how anyone can sell coal when natural gas is cheaper. It should take over all stationary fuel applications such as electric power generation and furnaces; it has already been a boon to steelmakers.
If you can make money shipping LNG abroad, it should be economical to power ships traveling to/from America with American LNG. Its possible to fuel diesel engines with a lean mixture of natural gas, and that should make it practical to run diesel locomotives and long-haul trucks and busses on LNG. Short haul trucks and busses could use CNG economically. There is a crying need for infrastructure for getting NG to all of those markets in order to ameliorate our need to import petroleum from overseas; it would even be worth a small premium to the country to obtain the independence that would avail us.
And Obama does not desire that.I would recognize, however, the downside possibilities of terrorism against LNG facilities. It might be all too possible to "blow them up real good."
Needs to be forwarded to those who maintain we can’t drill our way out of energy problems (might want to start at 1600 Pennsylvania Avenue).
If there is good cheap natural gas around, why am I paying 200.00 a month to heat my 2000 sq ft house?
A ping for your thoughts...
This is really a shame because we haven’t been able to integrate conversion to NG fast enough into the vehicle fleet and power generation and industrial uses.
By the time we get there it may not be cost effective anymore. Thanks to the green idiots in the White House wasting time on renewable boondoggles, we will have exported our energy security once again.
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