ROCKMAN wrote:Syn - Chenier...a bit of a nod: LNG is 13% of US exports. The rest is piped to Canada and Mexico. And a point to make: the NG we export isn't excess supply: it's supply we've been out bid by foreign buyers.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:ROCKMAN wrote:Syn - Chenier...a bit of a nod: LNG is 13% of US exports. The rest is piped to Canada and Mexico. And a point to make: the NG we export isn't excess supply: it's supply we've been out bid by foreign buyers.
For many years the USA has been a net importer of Natural Gas, has this actually changed to being a net exporter? Or is this just another questionable press release?
ROCKMAN wrote:vt/T - Can't find it but recently I saw an EIA chart indicating the net was heading towards zero. Maybe there by now. But again I think the public puts too much significance to such stats. After all the US has been a net oil importer ever since the oil "export ban" law was signed but that didn't prevent foreign buyers from out bidding our refiners and had more then a billion bbls to them. Exporting oil/NG doesn't mean we have all we need. Just like shipping jobs overseas doesn't mean we have no unemployed here to take those jobs.
But another interesting EIA chart: the consistently decreasing trend of NG imports over the last seven years ended with that number starting to increase:
https://www.eia.gov/dnav/ng/hist/n9100us2a.htm
ROCKMAN wrote:vt - Finally found that chart. I've seen no more current data from anyone more current then Aug 2016:
https://www.eia.gov/dnav/ng/hist/n9180us1M.htm
The decreasing net import trend has clearly leveled off this year. Can't guarantee the future but with imports increasing while more NG pipelines to Mexico being built, more LNG tankers shipping out, more NG substituting fof coal at power plants and reduced drilling due to the low NG price it's not difficult to speculate we'll continue to be a net importer for a while.
I really can't see any future policies of the president-elect having much of an impact on this dynamic one way or the other.
ROCKMAN wrote:vt - Finally found that chart. I've seen no more current data from anyone more current then Aug 2016:
https://www.eia.gov/dnav/ng/hist/n9180us1M.htm
The decreasing net import trend has clearly leveled off this year. Can't guarantee the future but with imports increasing while more NG pipelines to Mexico being built, more LNG tankers shipping out, more NG substituting fof coal at power plants and reduced drilling due to the low NG price it's not difficult to speculate we'll continue to be a net importer for a while.
I really can't see any future policies of the president-elect having much of an impact on this dynamic one way or the other.
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