US eyes energy dominance

The Telegraph (London) ^ | Ambrose Evans-Pritchard

[rjbemsha]

The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe.

"We anticipate becoming big players, and I think we'll have a big impact," said the Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market."

Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest.

“Certainly in this decade, there’s a good chance that we will be LNG exporters on the scale of Qatar, which is today’s largest LNG exporter,” he said, speaking on the margins of the IHS CERAWeek energy summit in Texas.

[rjbemsha]

Optimism: Gas frackers assembled at the world's "energy Davos" in Houston said exports could ultimately be much higher, potentially overtaking Russia as the world's biggest supplier of natural gas of all kinds." We're just fifteen years into a 150-year process," said Steve Mueller, head of Southwestern Energy, the fourth biggest producer of gas in the US .

[mountainlion]

The US has the largest resource of carbon based energy in the World. It seems the government is trying to control it so manipulate the funds coming form it.

[Vince Ferrer]

A vault forward on this scale would establish the US as the leading energy superpower in both oil and gas, a revival that almost nobody could have imagined seven years ago when the United States was in near panic over its exorbitant dependency of imported fuel. It would restore the US to its mid-20th Century position as a surplus trading nation, and perhaps ultimately as world's biggest external creditor once again.

Oddly enough, this might cause China to become the reserve currency, if we pay off our debt.

[Army Air Corps]

Ping.

[KC_Lion]

Bookmark for later.

[FreedomNotSafety]

not gonna happen. Never ever. Our government will continue to spend $1.40 for every $1.00 it brings in until it is broke. Then the oil and gas will be nationalized to fund the leftist strongman in power.

[Rockingham]

China’s currency cannot become a world reserve currency because of structural problems in its economy, frequent disregard of international norms and obligations, and a notorious lack of transparency and reliability in economic statistics. For lack of better alternatives, the dollar will continue to be the world’s primary reserve currency, with the revival of US energy exports bolstering the dollar and the US position as the world’s superpower.