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Energy Report: Keystone XL and U.S. Natural Gas Exports

Oil Price -- Two key issues to be addressed in the US for 2013 will be whether to export natural gas and whether to go ahead with the Keystone XL pipeline.

There are some who think it imprudent to export US natural gas; others who think we have a lot to lose if we don’t. Here, we will square things off with a few snippets from across the dividing line.

According to Michael Lynch, president and director of global petroleum service at Strategic Energy & Economic Research, “while there are projections that liquefied natural gas exports could become quite large, the reality is that they will almost certainly be minimal for the next several years, and unlikely to affect prices any time soon.”

Then we have economist Chris Martenson, whom we had the privilege to interview earlier this week. Martenson is ca


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Submitted Dec 23, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy Report: Keystone XL and U.S. Natural Gas Exports Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 27, 2012 3:06:23 PM

Interesting that oil price would be blacklisted (some of the other blacklistings are interesting too....). Makes one wonder as to the deeper reason why they were blacklisted by the GB gods...
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SUVFan
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Message Posted: Dec 25, 2012 12:58:32 PM

As noted by WR-INC at the link, this article violates the submission guidelines: 6) Do not post articles from the following blacklisted sites: newswithviews.com, oilprice.net, oilprice.com, nrdc.org, heritage.org, consumerenergyreport.com
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 23, 2012 11:55:40 PM


Good article, thanks for posting!
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 23, 2012 11:53:32 PM


Good article, thanks for posting!
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Dec 23, 2012 11:46:03 PM

We need to start thinking about what is best for the US and its citizens instead of money, money, money and WHO will make the most profit?
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Dec 23, 2012 6:08:11 PM

watch and see.
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mike56MI
Champion Author Michigan

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Message Posted: Dec 23, 2012 5:05:34 PM

OK
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CheckitoutGuy
Champion Author San Diego

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Message Posted: Dec 23, 2012 3:21:40 PM

Could we find some real negotiators instead of the trail lawyers in Washington all loaded with ego.
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QualTekGuy
Champion Author Illinois

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Message Posted: Dec 23, 2012 2:49:29 PM

This will go on forever.
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JeffersonState
All-Star Author Oregon

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Message Posted: Dec 23, 2012 2:27:35 PM


Right, sell the coal to China so their poluted air can cross over to the west coast. That is not a solution nor is the unlimited export of other resources a good solution. A start, like someone said, would be to apply the depletion tax to these resources that are exported like we do to other resources.
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mswillia
Champion Author Milwaukee

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Message Posted: Dec 23, 2012 2:08:38 PM

other than the jobs, what is the major benefit of the pipeline? Is it the ability to use the oil in the US, or the ability to have a source close at hand, pipelines are safer than trucking or trains. And the supply a steady flow.
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72_Monte
Champion Author Twin Cities

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Message Posted: Dec 23, 2012 2:05:41 PM


Alot of food for thought.
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spiderjay
Champion Author Little Rock

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Message Posted: Dec 23, 2012 1:58:24 PM

charge a ton out of the USA
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wshutton
Champion Author Albuquerque

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Message Posted: Dec 23, 2012 1:42:19 PM

K
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rabbit_tdi
Sophomore Author North Carolina

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Message Posted: Dec 23, 2012 1:07:05 PM

Do not export liquefied natural gas and waste 25% of the energy in the gas by turning it into liquid --> export coal instead.

Coal costs about $2.5 per mBTU, but to keep burning it expensive exhaust scrubbers will need to be installed as mandated by the EPA. Natural gas costs about $3.5 per mBTU, and does not need scrubbers. Convert the old coal-burning plants to use natural gas (a relatively cheap conversion), or build new gas-fired plants.

Then, sell and ship the coal overseas. Coal is MUCH easier to ship than natural gas, and safer too.
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PetroScopper
Champion Author Houston

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Message Posted: Dec 23, 2012 1:03:35 PM

There are some big decisions to be considered... I think we always end up making mistakes and selling out the country based on unnecessary greed!
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bigrigAZ
Champion Author Phoenix

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Message Posted: Dec 23, 2012 12:05:43 PM

No loss there seeing CHU leave. Probably made his millions.Of course he will probably retire with full pay anyway. Gas Buddy has a terrific web site. Amazing how it is put together. Thank You. To you and all the gas buddies Merry Christmas and a Happy New Year.
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ruca2012
Champion Author San Diego

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Message Posted: Dec 23, 2012 11:55:44 AM

both harm the environment in some way. And who benefits? does the american people benefit from lower gas prices?
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Wolfwings
Champion Author Delaware

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Message Posted: Dec 23, 2012 11:54:44 AM

I still don't know why we havetoe3ndanger OUR country for CANADIEN oil when we EXPORT more than any other country.
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OnEmptyMO
Champion Author St. Louis

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Message Posted: Dec 23, 2012 11:53:34 AM

Just make sure this country comes first.
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angel4me
Champion Author San Jose

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Message Posted: Dec 23, 2012 11:52:39 AM

guess we will have to wait and see.........
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rabbit_tdi
Sophomore Author North Carolina

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Message Posted: Dec 23, 2012 11:52:14 AM

The US does not need the Keystone XL pipeline. Already, there is so much crude available in and around Texas that the price of 'West Texas Intermediate' (WTI) is about $20 less than the price of Brent Crude.

The crude (dilbit) to be pushed through the Keystone XL pipeline is sour and very heavy (so heavy it must first be diluted). The refineries on the Gulf Coast are built to process primarily light sweet crude (such as WTI). Besides, we do not need more and/or bigger refineries around the Gulf to be knocked off-line by hurricanes in the Gulf.

Instead, build refineries of the proper type near the tar sands, or expand the existing refineries in Montana. Then, ship the resulting gasoline and diesel fuel to every station within a thousand miles.
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CPGas1815
Champion Author Michigan

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Message Posted: Dec 23, 2012 11:51:21 AM

Count me as one who thinks it very imprudent to export US natural gas. My home is heated by natural gas and exporting natural gas will surely increase the cost of natural gas.
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ntass1
Champion Author Edmonton

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Message Posted: Dec 23, 2012 11:48:02 AM

it's time to build it.
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rjd1608
Champion Author Toledo

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Message Posted: Dec 23, 2012 11:47:54 AM

get the pipe line built
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jony
Champion Author Florida

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Message Posted: Dec 23, 2012 11:47:48 AM

go for both
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Rich_pa
Champion Author Cincinnati

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Message Posted: Dec 23, 2012 11:46:41 AM

Let's get the pipeline done.
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rocket_ron
Champion Author Grand Rapids

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Message Posted: Dec 23, 2012 11:46:27 AM

Ok
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mlmeng
Champion Author Michigan

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Message Posted: Dec 23, 2012 11:46:25 AM

Build the Keystone XL pipeline.
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TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Dec 23, 2012 11:45:02 AM

If Obama were smart we would have already been building the pipeline. He has his own agenda and not of the peoples.
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radiorumor
Champion Author Texas

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Message Posted: Dec 23, 2012 11:44:35 AM

Nearly all the pipeline workers had left from the Red River south. Most are in Central East Texas now.
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Dec 23, 2012 11:44:15 AM

Build the pipeline.
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gvan
Champion Author Chicago

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Message Posted: Dec 23, 2012 11:44:14 AM


"We definitely need new refineres. As far as I know, there hasn't been a new one built for about 40 years."

Yes, but capacity at the existing refineries has dramatically increased:

While the number of operating refineries has fallen from 254 in 1982 to 137 in 2011, the operating capacity of today's 137 facilities is over 830,000 barrels per day more than it was in 1982. Basically, while we've watched 117 refineries close, capacity has risen. (The Energy Information Administration's earliest records date to 1982.)
Moreover, since 1985, when refinery capacity hit a low of 14.7 million barrels per day, we've seen over three million barrels of capacity added, or the equivalent to 23 average modern day facilities. A stark contrast to the misleading tidbit about having no new refineries built since the 1970's. So while we haven't seen new refineries open in new locations, we have virtually added the capacity of 23 of today's average size facilities—and that is nothing to scoff at.
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billy44bo
Champion Author Mobile

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Message Posted: Dec 23, 2012 11:43:33 AM

Ee can will see
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moody4u
Champion Author Cincinnati

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Message Posted: Dec 23, 2012 11:43:19 AM

Build the pipeline!
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jrschl
Champion Author Louisville

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Message Posted: Dec 23, 2012 11:43:04 AM

I am sure this will take another 4 years to decide.
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kelly1016
Champion Author Victoria

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Message Posted: Dec 23, 2012 11:39:34 AM

I agree with martenson. We will need tags as a transitional fuel.
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CAD69
Champion Author Milwaukee

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Message Posted: Dec 23, 2012 11:38:13 AM

We need the XL, shipping oil by train makes no sense. Then we need more CNG cars to use our own gas!
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HelenT
Champion Author Buffalo

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Message Posted: Dec 23, 2012 11:37:55 AM

Build the pipeline!
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babyjudy
Champion Author Tucson

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Message Posted: Dec 23, 2012 11:35:17 AM

Build the pipeline.
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Double_Golden
Champion Author San Francisco

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Message Posted: Dec 23, 2012 11:34:49 AM

keep it more here and export little less...

p.s. I am very tired of hearing Keystone XL, either finished the work, or stop it after all...
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Sam195
Champion Author San Bernardino

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Message Posted: Dec 23, 2012 11:34:33 AM

I agree, it's time to build it.
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Catfish93001
Champion Author Ventura

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Message Posted: Dec 23, 2012 11:34:19 AM

Money will win on the issue, environment be damned.
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ramshot412
Champion Author Riverside

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Message Posted: Dec 23, 2012 11:33:59 AM

Build that pipline so China can get their oil out of Canada.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Dec 23, 2012 11:33:56 AM

Build the pipeline
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MightyDude
Champion Author Minnesota

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Message Posted: Dec 23, 2012 11:33:32 AM

keep politics out, i must be dreaming to think such a thought ;)
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Hi1
Champion Author Ontario

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Message Posted: Dec 23, 2012 11:33:08 AM

I hope they go for the keystone pipe line it would create a lot of job and it would be good for both Canada and the US.
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jpk13
Champion Author Wisconsin

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Message Posted: Dec 23, 2012 11:32:31 AM

We can probably count on Congress and our President to screw it up.
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southrob
Champion Author Tucson

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Message Posted: Dec 23, 2012 11:30:04 AM

and we need to drill quick
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kuma2000
Champion Author Honolulu

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Message Posted: Dec 23, 2012 11:29:28 AM

No exports and do the pipelines.
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