Posted on 04/17/2016 7:51:12 PM PDT by Elderberry
The story of the history of the United States is one of innovations and infrastructure working in tandem to forge new trade channels and routes. Some were abhorrent, like the triangle trade, which involved slaves and agricultural materials. The Erie Canal linked the farms of the Midwestern U.S. with the consumers of the Eastern Seaboard and Europe. The invention of electronics and personal computers created heavily traveled trade routes linking factories in Asia to ports on the West Coast of the United States. And now it’s fracking’s turn.
Fracking has fundamentally altered America’s economic trajectory by liberating vast resources of both oil and natural gas from the ground beneath our feet. And until very recently, these supplies were essentially stranded. The U.S. has a reasonably good system for moving crude oil around the U.S. — pipelines, and trains in a pinch. But laws prohibited the oil from being exported. (The ban was lifted last year.) Supplies of natural gas were even more constricted. To export oil, you simply pump crude onto one of the thousands of tankers that ply the seas, which can unload them with relative ease at thousands of points around the world. Moving natural gas around the globe is much more complicated. You need very expensive, highly specialized equipment to process it into a liquid form so that it can be shipped; highly specialized ships that can carry the cargo; and, finally, dedicated terminals that can unload and process the gas.
Until this year, the U.S. had no functioning capacity to export liquefied natural gas.
Which is too bad. Precisely because it doesn’t easily move around the world, the price of natural gas varies widely across the globe.
(Excerpt) Read more at dallasnews.com ...
Elocution not your strong point then?
Natural gas like all other fossil fuels are a finite commodity and at some point we will run out. Hopefully we will run out after we've found a renewable cost effect replace fuel. Other wise the planets' trees are going to pay hell.
I take it that you don’t care much about reducing our Trade Imbalances or getting more Oil&Gas and Pipeline workers employed?
I think making stuff here is the way to address our trade imbalance. Selling a valuable finite resource to foreigners does not strike me as a good idea. That is what third world countries do. They sell natural resources so they can afford to buy manufactured goods. But then we are just about a third world country thanks to our insane trade policy so no doubt we will sell off what is left of our natural gas, coal and oil to first world countries in short order.
Make stuff and sell overseas?
Out of what?
Iron? And deplete our finite resource?
Plastic? And deplete our oil.
Aluminum? With what energy source for all that required electricity? Oil? More depletion.
We live in a finite world, so I've been told.
The Earths crust has a lot of minerals. Most minerals are also recyclable so we won't run out of minerals any time soon. Mining minerals on the Moon or from asteroids is within reach so I've fine with using them for exports.
Nuclear power for electric generation makes sense once a "safe" technology is developed and I am told that there are very promising designs on the drawing board. So I am not too worried about running out of electricity.
The only way to replace natural gas that would make any sense is to harvest the methane at the bottom of the ocean. There is lots of methane in the gas giant planets but getting methane from say Jupiter is not going to be easy.
Oil Fields Are Refilling... Naturally - Sometimes Rapidly There Are More Oil Seeps Than All The Tankers On Earth
Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly.
Well that is something I did not know. Off to lunch, enjoyed the conversation.
Well let me restate my response. We won’t run out in your lifetime, your children’s lifetimes, their children’s lifetimes, their children’s lifetimes and their children’s lifetimes. We have only used fossil fuels in large quantities for the last 70 years and we have at least another 200 years of supply, and that assumes that electric cars and other alternative energy doesn’t fully develop.
You are not answering because they will not get rich.
Why would Russia cut off delivery of gas to Europe? If they do that it will only increase the speed of construction of LNG terminals in Europe. http://www.wsj.com/articles/europes-escape-from-russian-energy-grip-u-s-gas-1456456892
It would not be in the interest of Russia to do that.
But, assume that they will do it, then the price of energy will go up in Europe, but the victim will be Gazprom http://www.reuters.com/article/ukraine-crisis-gazprom-idUSL5N0R328J20140903
Even if that is the case how would “EU Elite” become rich due to that? Do you believe that the “EU Elite” has purchased NG futures? http://www.barchart.com/commodityfutures/Natural_Gas_Futures/NG?search=NG*
Who is “EU Elite”?
I assume that Soros in your text is funds that are related to Soros, and of course they could get rich if they knew in advance that Russia would cut off natural gas delivery to Europe.
But if they knew that in advance it means that Soros is working with Putin, is that what you are implying?
Large increases in LNG are projected to hit the market.
A large influx of LNG vessels appear poised to meet expectations.
http://seekingalpha.com/article/3966362-lng-shipping-market-supply-side-macro-outlook-april-2016
Israel and Cyprus are the new gas exporters.
http://www.meforum.org/5877/shifting-eastern-mediterranean-alliances
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