The U.S. cannot solve Europe's energy crises - May 2

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

The U.S. cannot solve Europe's energy crises - May 2

Post by dan_s »

... unless we want to create our own crisis and send home heating bill through the roof.

U.S. natural gas production growth wanes as need arises. Reuters.
U.S. natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow's invasion of Ukraine. The United States is already the world's largest producer of natural gas. But the two mainstays of production - the Appalachian region and West Texas - are seeing growth slow, with companies blaming lack of adequate pipeline infrastructure, despite prices near 14-year highs. With pipelines in the Permian Shale, the nation's second biggest gas supply basin, filling quickly, analysts said production growth in that Texas-New Mexico basin could slow significantly next year unless firms start building new pipelines soon. The Permian supplied about 19% of U.S. gas in 2021.

Full article: https://www.reuters.com/business/energy ... 022-05-02/

Europe needs natural gas and America could help — if we could get out of our own way. Forbes. Opinion.
Like Russia, the United States is a big producer of natural gas. Since Russia’s belligerent behavior and refusal to sell gas is hurting our European allies, it would be great if we could step in and provide some relief. This is a good idea in theory, but unfortunately our own policy decisions undermine it. In 2020, the United States was able to export 2.7 trillion cubic feet of natural gas. The EU uses about 45 billion cubic feet of natural gas per day and imports 80% of that. So even if we sent all our extra natural gas to Europe, it would only provide about 75 days’ worth of supply. We can help our European allies quit importing Russian natural gas by producing more in America, but only if state and local governments revoke their regulations that prevent more production.
Dan Steffens
Energy Prospectus Group
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