LNG

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dan_s
Posts: 37305
Joined: Fri Apr 23, 2010 8:22 am

LNG

Post by dan_s »

Read This: http://www.oilandgas360.com/u-s-lng-can ... 8-26401157

The U.S. natural gas market is going to be over-supplied for at least two more years. LNG exports will ramp up starting in 2016 and could reach 8 to 10 BCF per day by 2020.

Cheap natural gas in North America give the U.S., Canada and Mexico a HUGE advantage over the rest of the world. This cheap energy can offset cheap labor in Asian countries and bring a lot of jobs back to the U.S. This should be the focus of Washington's economic plan, but of course that would mean supporting a hydrocarbon based industry.
Dan Steffens
Energy Prospectus Group
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