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Energy Manipulation
Townhall.com, by Walter E. Williams

Original Article

Posted By:SpeedMaster, 8/14/2013 6:38:21 AM

Why is it that natural gas sells in the U.S. for $3.94 per 1,000 cubic feet and in Europe and Japan for $11.60 and $17, respectively? Part of the answer is our huge supply. With high-tech methods of extraction and with discovery of vast gas-rich shale deposits, estimated reserves are about 2.4 quadrillion cubic feet. That translates into more than a 100-year supply of natural gas at current usage rates. What partially explains the high European and Japanese prices is the fact that global natural gas markets are not integrated. Washington has stringent export restrictions on natural gas. Naturally, the next

      


Post Reply  

Reply 1 - Posted by: Lawsy0, 8/14/2013 7:53:08 AM     (No. 9473040)

Dow Chemical is like human DNA; it is in every product, substance and process we use today. It is the 4th branch of government, and the Enviro-Whacks love Dow.

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Reply 2 - Posted by: ColoWapiti, 8/14/2013 9:01:44 AM     (No. 9473167)

I rarely disagree with Williams, but I do here. I have lived most of my life watching this country live at the mercy of those with energy supplies we do not have. As a nation, it has cost us dearly.

It is our energy, and we should prioritize it for our economy and for American generations to come. Meanwhile technology will mature enough to allow real energy alternatives (not bird-killing windmills) and improve efficiency.

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Reply 3 - Posted by: Grant Hodges, 8/14/2013 9:20:38 AM     (No. 9473191)

The energy belongs to the lease holders who own it. Not you. If you wish to bottle LNG up in this country putting thousands of people out of work this week...then you should buy up the leases yourself. You shouldn´t rely upon a Congress and President bought and paid for by American industrial users of natural gas.

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Reply 4 - Posted by: mickturn, 8/14/2013 9:40:19 AM     (No. 9473235)

Don´t forget the huge tax burden other countries put on energy supplies...it´s pure greed!



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Reply 5 - Posted by: LouD, 8/14/2013 9:41:25 AM     (No. 9473238)

Those who use fuel oil for heating have been at the mercy of foreign oil for years. My son switched to natural gas for heating, and has saved enough to pay for the conversion the 1stt year. Now some are advocating exporting gas and raising the price? To whose benefit? Certainly not the people´s.

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Reply 6 - Posted by: oh-heck, 8/14/2013 9:54:09 AM     (No. 9473275)

Dow early in their corporate history signed 50 year contract for natural gas. They then built their own direct fired natural gas co-generation power plants that used the heat energy to run the plants and labs. By the end of 2008, Dow was desperately seek joint ventures to supply natural gas and light hydrocarbons. And then entrepreneurs discovered how to produce gas and light hydrocarbons from Eagle Ford shale. In the space of 5 yr, Dow has gone from disadvantage to advantaged. They are selfish to put their profit over the health of the economy. TX is leading the nation in gas production while actually drilling for oil. If the price were higher, TX would drill for dry natural gas.

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Reply 7 - Posted by: geoguy, 8/14/2013 10:06:55 AM     (No. 9473317)

Too bad. Screw Dow, Nucor, et al. Think of the hundreds of thousands of mineral owners (mostly farmers and ranchers) who who would be impacted by their greed. That includes the federal government who has huge oil and gas mineral ownership in the west.

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Reply 8 - Posted by: LanieLou, 8/14/2013 10:37:54 AM     (No. 9473414)

Unbenownst to most, the Obama admin is blowing up methane hydrates... around Alaska & elsewhere. These are huge bubbles of methane gas, trapped under the sea bed.

Why? To deplete a potential energy source? Or to create huge ice melts/ environmental damage... that they can blame on manmade global warming?

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