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(Telegram)   U.S. will regain position as world's top oil producer. This is a big fracking deal   (telegram.com) divider line 155
    More: Interesting, oil producers, United States, Royal Dutch Shell plc, Water pumping, IHS  
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10098 clicks; posted to Main » on 24 Oct 2012 at 11:28 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-25 02:30:42 AM

BigLoser: lordjupiter: GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?

Romney said that because he's a lying "empty suit" representing a party that cares more about being in power than telling the truth or doing what's best for this country.

You didn't define any difference from either party there, skippy...they are all lying, empty suits whose sole purpose is to line their pockets while in office.


I don't believe that's true at all.

Most of them are ideologically driven, a sizable minority are psychopaths who want personal gain and another sizable minority really want to do good.
 
2012-10-25 08:49:03 AM

kg2095: uttertosh: AWESOME!!

Now i don't need to worry about stupid farking alternative energy anymore!! Now we all can eat corn at a reasonable price again, cos we won't need it for biofuel!!!

There's still greenhouse gases to worry about.


I can get Gas in my GREENHOUSE?!??! Wow...What a country!!

I love USofA.
 
2012-10-25 11:57:19 AM

snocone: We have established the proposed transaction is acceptable.
Merely negotiating price.

Cheniere Energy Inc. (LNG), the first company to win approval to export gas from the continental U.S., is considering a 50 percent expansion of capacity at its Sabine Pass terminal in Louisiana as LNG demand rises.
"When we marketed the project at Sabine Pass, clearly we had more demand than we could satisfy," Nicolas Zanen, the vice president of trading at Cheniere, said in an interview in Singapore today. "It makes sense to look at expanding to a fifth and a sixth" train for liquefying gas, he said. No timeline for enlarging the facility has been set, he said.
GAIL India Ltd. (GAIL) and BG Group Plc (BG/) are among customers that have agreed to buy liquefied natural gas from Sabine Pass. The plant may increase export capacity to 27 million metric tons from a designed 18 million ton, and first shipments are expected in late-2015. Cheniere has also begun offering fuel for its Corpus Christi, Texas, LNG project, Zanen said.
Korea Gas Corp. (036460), the world's biggest LNG-buying company, agreed in January to buy LNG from Sabine Pass based on prices at the Henry Hub, the delivery point for New York futures. The contract may help the utility buy the fuel for 30 percent cheaper than supplies from Asia, which are traditionally indexed to oil, the state-owned South Korean company said in April.
Natural gas for November delivery fell 8.5 cents to settle yesterday at $3.45 per million British thermal units on the New York Mercantile Exchange. The futures are down 4.3 percent from a year ago.
"Customers come to us and say they want to buy LNG from the U.S., they want to buy based on Henry Hub," Zanen said. "We have a good idea of what the demand is like. The U.S. gas price is very cheap, and they want to benefit from that. They want to diversify as well."

 
2012-10-25 12:37:30 PM

Mangoose: It's weird but I thought the Ohio Shale find was the biggest find of all? Was that just hype?


It's not being harvested yet... environmental concerns because something something...
That or they want the competition to get closer to exhausting their supply. But maybe I'm just a conspiracy theorist.
 
2012-10-25 01:33:16 PM

runescorpio: Mangoose: It's weird but I thought the Ohio Shale find was the biggest find of all? Was that just hype?

It's not being harvested yet... environmental concerns because something something...
That or they want the competition to get closer to exhausting their supply. But maybe I'm just a conspiracy theorist.


There are people who live there, for now.
Move 'em out and you have a nice field.

Seems that is being worked out by mortgage theft these days.
 
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