Massive Increases in U.S Natural Gas Exports
are Driving Up U.S. Energy Prices
Conservative Treehouse,
by
Sundance
Original Article
Posted By: earlybird,
9/11/2022 12:58:54 PM
It is good to see at least one energy finance analyst at the Institute for Energy Economics and Financial Analysis, speaking commonsense. In an article by Clark Williams-Derry (snip), the author accurately outlines how significant U.S. Liquified Natural Gas (LNG) exports are driving up prices for American consumers.
The author accurately refutes the notion that exports do not drive-up domestic prices, by walking through the example of how natural gas prices dropped for U.S. consumers when the liquefied natural gas plant in Quintana, Texas [Freeport LNG] was temporarily shut down, blocking a portion of the export capacity. However, that facility is about to come back on-line and with increased
Reply 1 - Posted by:
Quigley 9/11/2022 1:05:29 PM (No. 1274652)
Natural gas prices in Europe have gone up some 50x, from Eur 6.00 per unit to Eur 280 per unit.
Naturally such high foreign prices will draw our gas to them. And create higher prices here.
Why again is it so important for Ukraine to join nato? Why are our politicians so gung ho about this situation?
10 people like this.
Reply 2 - Posted by:
DVC 9/11/2022 1:05:30 PM (No. 1274653)
Having to carry the world on our backs, to our detriment.
13 people like this.
Reply 3 - Posted by:
snowoutlaw 9/11/2022 1:51:21 PM (No. 1274690)
Only because our production has been restricted by Biden. If we had enough production to meet the demand then prices wouldn't go up so much.
14 people like this.
Reply 4 - Posted by:
NorthernDog 9/11/2022 2:36:42 PM (No. 1274717)
I'm convinced there are undiscovered natural gas deposits so vast it would boggle the mind. Probably enough for 1,000 years. But Greenies need to keep prices high and pretend the supply is limited.
11 people like this.
Reply 5 - Posted by:
curious1 9/11/2022 2:47:08 PM (No. 1274728)
#4, they also pretend and propagandize that hydrocarbons are a fixed resource that is running out. In fact they are created deep in the Earth's mantle via chemical processes, which is why some fields refill after being drained.
8 people like this.
Reply 6 - Posted by:
BarryNo 9/11/2022 2:58:57 PM (No. 1274745)
But of course. They need to keep us from having money to buy arms and ammunition.
3 people like this.
I hope none of it goes to Germany. I will never forget them laughing and mocking President Trump when he said they should not rely on Russia for oil and natural gas. Karma is a b.
5 people like this.
Reply 8 - Posted by:
Ribicon 9/11/2022 3:27:20 PM (No. 1274773)
You will freeze in the dark and go hungry. Unless you're on welfare or super-wealthy; then the world is your oyster.
5 people like this.
Reply 9 - Posted by:
Geoman 9/11/2022 3:55:31 PM (No. 1274789)
Re: #5 - Oil and gas are not created deep in the Earth's mantle, anymore than coal or peat. The source rock for the majority of oil and gas, accessible from wells drilled within the upper crust, is from marine life, mostly from huge volumes of planktonic marine life of ancient oceans that covered much of North America and withdrew at different geologic times, like the Eagle Ford and Del Rio Shales of Central Texas and the Marcellus Shale, of mid America Appalachian Basin. I've drilled shallow wells, 800 to 1500 feet subsurface, and produced oil from fractured limestone formations overlying the thick, organic-rich shales. The lighter hydrocarbons migrate up into porous reservoir rocks, typically capped by non-porous clays that seals the oil and gas in the subsurface until tapped by drilling and and stimulation techniques as a part of the completion process. Microscopic analysis of core samples and cuttings from drilling show tiny marine fossils within the oil and gas producing shales.
The earth's crust ranges from 3 to 25 miles thick, depending whether one is measuring oceanic or continental crust. The mantle, between the crust and the molten core, consists of two layers, the upper being solid and mostly consisting of silicon oxides and peridote rocks, like granite. The lower mantle has more fluid-like properties, owing to extreme heat and pressures at depth. Geologists, the real ones who find and exploit produceable quantities of oil and gas, use seismic waves to plot the subsurface and understand the properties of the rock below. Deep crustal deposits of carbon, close to the upper mantle, are often seen as diamonds, made by tremendous heat and pressure from the overburdening rocks. Diamonds are brought close to the surface by Kimberlite pipes, which are magma-created pathways from the upper mantle to the crust. Such magma is notably bereft of hydrocarbons. Most shallow wells in the Gulf Coast rocks of Texas are underlain by thick, impermeable, salt deposits that would effectively block the oil and gas from migrating into the shallow reservoirs, if such hydrocarbons emerged from the mantle.
5 people like this.
I'm SURE the White House and Biden's Delaware homes will be kept at 66° and 78°,
aren't you? Cough.
4 people like this.
Texas. Drilling is going very well. On private property..
4 people like this.
Reply 12 - Posted by:
DVC 9/11/2022 4:58:40 PM (No. 1274845)
Re #4, on both continental shelves in the USA, at every location drilled, methane ice was found. This would probably be what you are referring to. HUGE supplies, probably from ancient microbes who captured ancient sunshine.
Fossilized fusion power.
2 people like this.
Reply 13 - Posted by:
czechlist 9/11/2022 5:07:12 PM (No. 1274854)
the 0's recently installed a 2500 gallon propane tank at their MV estate
"it's good to be the king! oh, p i s s boy!"
4 people like this.
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According to article, domestic prices have already doubled.