Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:39 AM

GasBuddy News Article

24
votes
Officials say wider canal can boost natural gas exports

Houston Chronicle -- Transportation and port officials reiterated Tuesday that the nearly complete expansion of the Panama Canal will provide opportunities for growth in exports, but won't immediately strain the state's road, railroads and pipelines.

During a state Senate Transportation Committee hearing at the Capitol in Austin, the heads of the Texas Department of Transportation and the Port of Houston Authority summarized and elaborated on the findings of a report last week that described the effects on Texas of the $5.25 billion project that will nearly triple the canal's capacity.

The report said the bigger canal mainly will allow for more exports to Asia, including natural gas as soon as companies get government permits to liquefy the gas for export in special tankers.

But the canal expansion isn't li


Read the Full Article

Submitted Dec 19, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Officials say wider canal can boost natural gas exports Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
TXRanger09
Champion Author Dallas

Posts:4,048
Points:1,366,345
Joined:May 2009
Message Posted: Dec 19, 2012 10:25:27 AM

I've got to get out of my cave more often! Had no idea the Panama Canal was being widened.
Profile Pic
humblepie
Champion Author Toledo

Posts:62,393
Points:3,115,220
Joined:Mar 2006
Message Posted: Dec 19, 2012 9:21:44 AM

why not just hang on to our resources ?
Profile Pic
Buck_on_Bass
Champion Author Tennessee

Posts:10,936
Points:2,044,555
Joined:Jul 2007
Message Posted: Dec 19, 2012 8:26:04 AM

We'll have to see what the requirements are for LNG tankers in the expanded canal. In US ports, LNG tankers have special rules for movements to minimize collision risks with other vessels.
Profile Pic
Joeski1
Champion Author New Jersey

Posts:13,848
Points:2,484,260
Joined:Dec 2004
Message Posted: Dec 19, 2012 8:10:39 AM

if the methane gas producers want a wider canal...

I say.. "Let them go ahead and build it"....

no tax money, no subsidy, and please conform to all environmental and safety and construction standards..

now get on it...

[Edited by: Joeski1 at 12/19/2012 8:12:37 AM EST]
Profile Pic
ClarkSC
Champion Author South Carolina

Posts:5,968
Points:1,745,765
Joined:May 2010
Message Posted: Dec 19, 2012 8:04:43 AM

What about keeping it in the US.
Profile Pic
Ltdc
Champion Author Long Island

Posts:10,101
Points:2,367,075
Joined:Jul 2007
Message Posted: Dec 19, 2012 7:25:10 AM

TR would be proud.
Profile Pic
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Dec 19, 2012 7:05:09 AM

I do not think so.
Profile Pic
doeslayersr
Champion Author Illinois

Posts:12,893
Points:1,612,880
Joined:Dec 2010
Message Posted: Dec 19, 2012 6:57:04 AM

Ok, let Panama pay for it. If we pay for it, then we take back ownership of the canal.
Profile Pic
cheap59
Champion Author Michigan

Posts:5,147
Points:1,565,545
Joined:May 2010
Message Posted: Dec 19, 2012 6:49:06 AM

So who is going to pay for this?
Profile Pic
FMREALTOR
Champion Author Florida

Posts:9,448
Points:2,430,505
Joined:Jan 2007
Message Posted: Dec 19, 2012 6:03:23 AM

Exporting to china could be a good thing. however, we really need to stop exporting for now.
Profile Pic
KE4YBZ
All-Star Author Knoxville

Posts:593
Points:1,200,885
Joined:May 2011
Message Posted: Dec 19, 2012 6:00:40 AM

This is a good thing... isn't it?
We NEED to export to china... simply to help balance trade... since we import SOOO MUCH STUFF from China already!
Profile Pic
FocusST2
Champion Author North Carolina

Posts:10,868
Points:2,098,145
Joined:Jul 2009
Message Posted: Dec 19, 2012 5:50:53 AM

Wait a minute.....isn't the Panama Canal controlled by the Chinese? Gotta be since all those projected exports going through the canal are bound for the Far East.

[Edited by: FocusST2 at 12/19/2012 5:52:52 AM EST]
Profile Pic
Bonanza
Champion Author Boston

Posts:15,746
Points:3,291,880
Joined:Jun 2004
Message Posted: Dec 19, 2012 5:09:22 AM

Keep what is ours
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:7,306
Points:1,835,325
Joined:May 2008
Message Posted: Dec 19, 2012 4:30:46 AM

A pipeline would be more cost effective.
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:10,282
Points:2,079,050
Joined:Mar 2004
Message Posted: Dec 19, 2012 3:59:30 AM

If the Gov. tries real hard they can probably authorize open market on exportiNG NG & the companies can maybe sell out that 100+ year supply of NG in the USA, within 25-30 yrs. by exportiNG overseas.
Profile Pic
TXryder
Champion Author Texas

Posts:6,160
Points:1,129,880
Joined:Jan 2012
Message Posted: Dec 19, 2012 3:58:59 AM

The demands of vast products to support the increasingly overpopulation of China and other Asian countries will tremendously cause negative impact on the American people. While export sales will bring in money their consumption will cause shortages worldwide. Commodities of all types, fuel, construction resources like steel & concrete, food and other ag products. Shortages are have already been impacting the American people.
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:10,282
Points:2,079,050
Joined:Mar 2004
Message Posted: Dec 19, 2012 3:54:01 AM

As the plot thickens, or as Paul would say, now for the rest of the story.

""The report said the bigger canal mainly will allow for more exports to Asia, includiNG natural gas as soon as companies get government permits to liquefy the gas for export in special tankers""

So they can sell off all the USA reserves while raisiNG the price of NG to everyone in the USA. YEA GREAT IDEA WASHINGTON, APPROVE IT. NOT!
Profile Pic
BEngr
Champion Author Illinois

Posts:9,868
Points:2,313,065
Joined:May 2008
Message Posted: Dec 19, 2012 3:43:31 AM

The article didn't say who is funding the expansion of the Panama Canal? I hope it is not my tax dollars unless we are getting interest on the money.
Profile Pic
lgwhitlock
Champion Author Chico

Posts:9,369
Points:2,390,575
Joined:Jun 2008
Message Posted: Dec 19, 2012 3:42:47 AM

Maybe...
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:18,078
Points:2,286,205
Joined:Jul 2008
Message Posted: Dec 19, 2012 3:42:41 AM

All businesses will look to sell their products to the highest paying customer, so this is no surprise. If anyone of us owned a business that couldn't make a profit close to home, we would look to sell our products to customers no matter where they are that are willing to pay a price that will make our business profit. Americans can not afford to pay more for natural gas or gasoline due to the high unemployment and catastrophically damaged economy. So off to the ship yards with it to sell to those who will pay more.
Profile Pic
Settjec
Champion Author Little Rock

Posts:5,017
Points:1,410,750
Joined:May 2010
Message Posted: Dec 19, 2012 3:38:27 AM

They will get the monies "1boog" ... from US!
Profile Pic
1Boog
Champion Author Lincoln

Posts:8,703
Points:1,861,500
Joined:May 2004
Message Posted: Dec 19, 2012 3:35:12 AM

good luck getting the money for this expansion!!
Profile Pic
pricewar
Champion Author Ogden

Posts:5,097
Points:1,016,055
Joined:Jul 2012
Message Posted: Dec 19, 2012 3:25:20 AM

A wider canal is a good thing, but there is a lot of turmoil over there
Profile Pic
greshams
Champion Author Cincinnati

Posts:5,140
Points:1,115,830
Joined:Nov 2011
Message Posted: Dec 19, 2012 3:25:00 AM

they can't wait to sell it overseas,what is wrong with these people.
Profile Pic
BeulahME
Champion Author Maine

Posts:1,405
Points:676,205
Joined:Jan 2011
Message Posted: Dec 19, 2012 3:24:39 AM

Ya, lets export Natural Gas so everyone in the USA will pay higher prices! Good idea.
Profile Pic
findcheap
Champion Author Los Angeles

Posts:12,687
Points:2,751,040
Joined:Apr 2007
Message Posted: Dec 19, 2012 3:14:50 AM

will hurt L.A./Long Beach harbors, but lessen its pollution
Profile Pic
afghaned
Champion Author Ottawa

Posts:16,027
Points:2,027,040
Joined:May 2004
Message Posted: Dec 19, 2012 3:12:20 AM

Once the exporting starts the home price will increase & supply & demand will be affected. Just look at the recent price increase based on possible increased demand.
Profile Pic
mohammed10
Champion Author Gainesville

Posts:4,285
Points:1,320,420
Joined:Jun 2011
Message Posted: Dec 19, 2012 3:11:14 AM

Ok
Profile Pic
VikingWoman
Champion Author Washington

Posts:4,445
Points:966,355
Joined:May 2012
Message Posted: Dec 19, 2012 3:08:26 AM

Just keep US prices low and charge higher prices on exported NG.
Profile Pic
PetroScopper
Champion Author Houston

Posts:9,674
Points:2,285,870
Joined:Aug 2008
Message Posted: Dec 19, 2012 3:02:34 AM

I don't see where the problem is... everyone gets to make money.
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,699
Points:1,543,180
Joined:May 2010
Message Posted: Dec 19, 2012 2:59:45 AM

Making the Panama Canal wider is a good thing. When the Panama Canal is widend it looks like we will be ready. But why are we sending taxpayers money to Panama? The U.S. gave the canal to Panama.
Profile Pic
Amplion
Champion Author Oregon

Posts:9,986
Points:2,579,865
Joined:Sep 2005
Message Posted: Dec 19, 2012 2:54:03 AM

NATURAL GAS IS MANY DISASTERS !!!

ALLENTOWN.......SanBRUNO..........SPRINGFIELD..........SISSONVILLE !!!!!!!

WHERE WILL THE NEXT NG DISASTER STRIKE ??????????
Profile Pic
JoeKR
Champion Author New Jersey

Posts:12,136
Points:2,123,470
Joined:Feb 2006
Message Posted: Dec 19, 2012 2:46:33 AM

Beware,special tankers!
Profile Pic
LilRedWagonIN
Champion Author Indiana

Posts:10,953
Points:2,241,650
Joined:Oct 2008
Message Posted: Dec 19, 2012 2:42:52 AM

So, we will be able to ship it from the Gulf to California?
Profile Pic
Happytalk
Champion Author Pennsylvania

Posts:5,213
Points:1,318,550
Joined:May 2010
Message Posted: Dec 19, 2012 2:42:40 AM

keep it here
Profile Pic
bobdec
Champion Author Miami

Posts:11,862
Points:2,475,520
Joined:May 2008
Message Posted: Dec 19, 2012 2:40:33 AM

Keep it here
Profile Pic
Retowered
Champion Author Colorado

Posts:11,678
Points:3,426,640
Joined:May 2004
Message Posted: Dec 19, 2012 2:33:55 AM

Yep, more taxes.
Profile Pic
Bruno44
Champion Author Texas

Posts:10,082
Points:2,488,730
Joined:Sep 2007
Message Posted: Dec 19, 2012 2:29:20 AM

Good point by texasvet.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,728
Points:1,020,000
Joined:May 2012
Message Posted: Dec 19, 2012 2:26:52 AM

Didn't know the Big Ditch was getting widened.
Profile Pic
pepinoNC
Champion Author Raleigh

Posts:5,273
Points:1,386,545
Joined:May 2011
Message Posted: Dec 19, 2012 2:23:09 AM

In a free market goods are sold to the highest bidder. Those of you that want to force the oil companies oil companies to sell their product here are wanting to socialize the industry.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:12,084
Points:2,590,205
Joined:Nov 2004
Message Posted: Dec 19, 2012 2:21:14 AM

Yep, export to everyone else to keep prices high at home.
Profile Pic
texasvet
Champion Author Texas

Posts:5,562
Points:478,780
Joined:Jul 2009
Message Posted: Dec 19, 2012 2:21:09 AM

Wally52 - We keep the vast majority of oil, gas, and petroleum products here. We have the capability to produce far more NG than we can use - in fact, much of the gas in the Bakken play is flared off because there's no market for it.
Profile Pic
wally52
Champion Author Little Rock

Posts:33,550
Points:1,515,020
Joined:Jan 2011
Message Posted: Dec 19, 2012 2:15:58 AM

Don't we keep anything here any more?
Profile Pic
nurdco
Champion Author Colorado Springs

Posts:13,382
Points:2,435,020
Joined:Apr 2008
Message Posted: Dec 19, 2012 2:15:16 AM

Break Even is not cost effective with rebuild to widen....

Meke the boats taller...
Profile Pic
Z51Corvette
Champion Author Austin

Posts:11,029
Points:2,326,690
Joined:Jan 2008
Message Posted: Dec 19, 2012 2:14:11 AM

Same people said make the roads wider so developers could develop more land... Wow, does this sound familiar!
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,769
Points:1,470,860
Joined:Mar 2011
Message Posted: Dec 19, 2012 2:11:26 AM

Well, let's see once it opens
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,453
Points:2,007,325
Joined:Jul 2007
Message Posted: Dec 19, 2012 2:08:44 AM


Keep it here. Once it's gone it's gone.
Profile Pic
gmcgas
Champion Author Atlanta

Posts:9,123
Points:2,453,495
Joined:Mar 2004
Message Posted: Dec 19, 2012 2:08:14 AM

do we really export that much to Asia?
Profile Pic
TWS658
Champion Author Portland

Posts:6,574
Points:1,479,100
Joined:Sep 2005
Message Posted: Dec 19, 2012 2:07:43 AM

Wow.
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:4,663
Points:1,154,300
Joined:Feb 2012
Message Posted: Dec 19, 2012 2:05:04 AM

Dig it.
Profile Pic
rcornel
Champion Author San Diego

Posts:2,406
Points:822,840
Joined:Jun 2012
Message Posted: Dec 19, 2012 2:04:59 AM

Ok
Post a reply Back to Topics