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Energy Report: Keystone XL and U.S. Natural Gas Exports

Oil Price -- Two key issues to be addressed in the US for 2013 will be whether to export natural gas and whether to go ahead with the Keystone XL pipeline.

There are some who think it imprudent to export US natural gas; others who think we have a lot to lose if we don’t. Here, we will square things off with a few snippets from across the dividing line.

According to Michael Lynch, president and director of global petroleum service at Strategic Energy & Economic Research, “while there are projections that liquefied natural gas exports could become quite large, the reality is that they will almost certainly be minimal for the next several years, and unlikely to affect prices any time soon.”

Then we have economist Chris Martenson, whom we had the privilege to interview earlier this week. Martenson is ca

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Submitted Dec 23, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Dec 27, 2012 3:06:23 PM Ignore honda0105 Report Abuse Interesting that oil price would be blacklisted (some of the other blacklistings are interesting too....). Makes one wonder as to the deeper reason why they were blacklisted by the GB gods...
SUVFan Champion Author Columbus Posts:13,910 Points:1,632,600 Joined:Oct 2008	Message Posted: Dec 25, 2012 12:58:32 PM Ignore SUVFan Report Abuse As noted by WR-INC at the link, this article violates the submission guidelines: 6) Do not post articles from the following blacklisted sites: newswithviews.com, oilprice.net, oilprice.com, nrdc.org, heritage.org, consumerenergyreport.com
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,204,605 Joined:Mar 2008	Message Posted: Dec 23, 2012 11:55:40 PM Ignore LetemEatCake Report Abuse Good article, thanks for posting!
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,204,605 Joined:Mar 2008	Message Posted: Dec 23, 2012 11:53:32 PM Ignore LetemEatCake Report Abuse Good article, thanks for posting!
Tekkersmom57 Champion Author Syracuse Posts:1,874 Points:700,215 Joined:May 2010	Message Posted: Dec 23, 2012 11:46:03 PM Ignore Tekkersmom57 Report Abuse We need to start thinking about what is best for the US and its citizens instead of money, money, money and WHO will make the most profit?
ktbaeohana Champion Author Las Vegas Posts:2,306 Points:422,000 Joined:Mar 2010	Message Posted: Dec 23, 2012 6:08:11 PM Ignore ktbaeohana Report Abuse watch and see.
mike56MI Champion Author Michigan Posts:1,215 Points:307,365 Joined:Aug 2011	Message Posted: Dec 23, 2012 5:05:34 PM Ignore mike56MI Report Abuse OK
CheckitoutGuy Champion Author San Diego Posts:1,311 Points:769,590 Joined:Mar 2008	Message Posted: Dec 23, 2012 3:21:40 PM Ignore CheckitoutGuy Report Abuse Could we find some real negotiators instead of the trail lawyers in Washington all loaded with ego.
QualTekGuy Champion Author Illinois Posts:3,061 Points:732,875 Joined:Feb 2007	Message Posted: Dec 23, 2012 2:49:29 PM Ignore QualTekGuy Report Abuse This will go on forever.
JeffersonState All-Star Author Oregon Posts:639 Points:154,575 Joined:Dec 2012	Message Posted: Dec 23, 2012 2:27:35 PM Ignore JeffersonState Report Abuse Right, sell the coal to China so their poluted air can cross over to the west coast. That is not a solution nor is the unlimited export of other resources a good solution. A start, like someone said, would be to apply the depletion tax to these resources that are exported like we do to other resources.
mswillia Champion Author Milwaukee Posts:2,628 Points:571,925 Joined:Feb 2010	Message Posted: Dec 23, 2012 2:08:38 PM Ignore mswillia Report Abuse other than the jobs, what is the major benefit of the pipeline? Is it the ability to use the oil in the US, or the ability to have a source close at hand, pipelines are safer than trucking or trains. And the supply a steady flow.
72_Monte Champion Author Twin Cities Posts:7,765 Points:1,995,485 Joined:Aug 2005	Message Posted: Dec 23, 2012 2:05:41 PM Ignore 72_Monte Report Abuse Alot of food for thought.
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Dec 23, 2012 1:58:24 PM Ignore spiderjay Report Abuse charge a ton out of the USA
wshutton Champion Author Los Angeles Posts:1,662 Points:923,970 Joined:Mar 2009	Message Posted: Dec 23, 2012 1:42:19 PM Ignore wshutton Report Abuse K
rabbit_tdi Sophomore Author North Carolina Posts:135 Points:493,345 Joined:Sep 2005	Message Posted: Dec 23, 2012 1:07:05 PM Ignore rabbit_tdi Report Abuse Do not export liquefied natural gas and waste 25% of the energy in the gas by turning it into liquid --> export coal instead. Coal costs about $2.5 per mBTU, but to keep burning it expensive exhaust scrubbers will need to be installed as mandated by the EPA. Natural gas costs about $3.5 per mBTU, and does not need scrubbers. Convert the old coal-burning plants to use natural gas (a relatively cheap conversion), or build new gas-fired plants. Then, sell and ship the coal overseas. Coal is MUCH easier to ship than natural gas, and safer too.
PetroScopper Champion Author Houston Posts:6,617 Points:1,549,000 Joined:Aug 2008	Message Posted: Dec 23, 2012 1:03:35 PM Ignore PetroScopper Report Abuse There are some big decisions to be considered... I think we always end up making mistakes and selling out the country based on unnecessary greed!
bigrigAZ Champion Author Phoenix Posts:1,734 Points:1,052,730 Joined:Jul 2008	Message Posted: Dec 23, 2012 12:05:43 PM Ignore bigrigAZ Report Abuse No loss there seeing CHU leave. Probably made his millions.Of course he will probably retire with full pay anyway. Gas Buddy has a terrific web site. Amazing how it is put together. Thank You. To you and all the gas buddies Merry Christmas and a Happy New Year.
ruca2012 Champion Author San Diego Posts:1,059 Points:212,215 Joined:Oct 2012	Message Posted: Dec 23, 2012 11:55:44 AM Ignore ruca2012 Report Abuse both harm the environment in some way. And who benefits? does the american people benefit from lower gas prices?
Wolfwings Champion Author Delaware Posts:8,735 Points:1,775,490 Joined:May 2004	Message Posted: Dec 23, 2012 11:54:44 AM Ignore Wolfwings Report Abuse I still don't know why we havetoe3ndanger OUR country for CANADIEN oil when we EXPORT more than any other country.
OnEmptyMO Champion Author St. Louis Posts:4,983 Points:1,486,705 Joined:Mar 2008	Message Posted: Dec 23, 2012 11:53:34 AM Ignore OnEmptyMO Report Abuse Just make sure this country comes first.
angel4me Champion Author San Jose Posts:2,814 Points:793,795 Joined:Dec 2010	Message Posted: Dec 23, 2012 11:52:39 AM Ignore angel4me Report Abuse guess we will have to wait and see.........
rabbit_tdi Sophomore Author North Carolina Posts:135 Points:493,345 Joined:Sep 2005	Message Posted: Dec 23, 2012 11:52:14 AM Ignore rabbit_tdi Report Abuse The US does not need the Keystone XL pipeline. Already, there is so much crude available in and around Texas that the price of 'West Texas Intermediate' (WTI) is about $20 less than the price of Brent Crude. The crude (dilbit) to be pushed through the Keystone XL pipeline is sour and very heavy (so heavy it must first be diluted). The refineries on the Gulf Coast are built to process primarily light sweet crude (such as WTI). Besides, we do not need more and/or bigger refineries around the Gulf to be knocked off-line by hurricanes in the Gulf. Instead, build refineries of the proper type near the tar sands, or expand the existing refineries in Montana. Then, ship the resulting gasoline and diesel fuel to every station within a thousand miles.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Dec 23, 2012 11:51:21 AM Ignore CPGas1815 Report Abuse Count me as one who thinks it very imprudent to export US natural gas. My home is heated by natural gas and exporting natural gas will surely increase the cost of natural gas.
ntass1 Champion Author Edmonton Posts:3,790 Points:726,300 Joined:May 2011	Message Posted: Dec 23, 2012 11:48:02 AM Ignore ntass1 Report Abuse it's time to build it.
rjd1608 Champion Author Toledo Posts:5,356 Points:1,929,030 Joined:Aug 2003	Message Posted: Dec 23, 2012 11:47:54 AM Ignore rjd1608 Report Abuse get the pipe line built
jony Champion Author Florida Posts:7,321 Points:1,631,590 Joined:May 2006	Message Posted: Dec 23, 2012 11:47:48 AM Ignore jony Report Abuse go for both
Rich_pa All-Star Author Cincinnati Posts:936 Points:211,510 Joined:Oct 2012	Message Posted: Dec 23, 2012 11:46:41 AM Ignore Rich_pa Report Abuse Let's get the pipeline done.
rocket_ron Champion Author Grand Rapids Posts:6,281 Points:1,985,520 Joined:Jul 2006	Message Posted: Dec 23, 2012 11:46:27 AM Ignore rocket_ron Report Abuse Ok
mlmeng Champion Author Michigan Posts:1,630 Points:590,085 Joined:Mar 2011	Message Posted: Dec 23, 2012 11:46:25 AM Ignore mlmeng Report Abuse Build the Keystone XL pipeline.
TRAIN RIDER Champion Author San Bernardino Posts:9,077 Points:2,756,845 Joined:Oct 2004	Message Posted: Dec 23, 2012 11:45:02 AM Ignore TRAIN RIDER Report Abuse If Obama were smart we would have already been building the pipeline. He has his own agenda and not of the peoples.
radiorumor Champion Author Texas Posts:2,802 Points:752,660 Joined:Feb 2011	Message Posted: Dec 23, 2012 11:44:35 AM Ignore radiorumor Report Abuse Nearly all the pipeline workers had left from the Red River south. Most are in Central East Texas now.
Elaine4411 Champion Author Pennsylvania Posts:1,643 Points:462,365 Joined:Dec 2011	Message Posted: Dec 23, 2012 11:44:15 AM Ignore Elaine4411 Report Abuse Build the pipeline.
gvan Champion Author Chicago Posts:21,526 Points:2,835,315 Joined:Dec 2004	Message Posted: Dec 23, 2012 11:44:14 AM Ignore gvan Report Abuse "We definitely need new refineres. As far as I know, there hasn't been a new one built for about 40 years." Yes, but capacity at the existing refineries has dramatically increased: While the number of operating refineries has fallen from 254 in 1982 to 137 in 2011, the operating capacity of today's 137 facilities is over 830,000 barrels per day more than it was in 1982. Basically, while we've watched 117 refineries close, capacity has risen. (The Energy Information Administration's earliest records date to 1982.) Moreover, since 1985, when refinery capacity hit a low of 14.7 million barrels per day, we've seen over three million barrels of capacity added, or the equivalent to 23 average modern day facilities. A stark contrast to the misleading tidbit about having no new refineries built since the 1970's. So while we haven't seen new refineries open in new locations, we have virtually added the capacity of 23 of today's average size facilities—and that is nothing to scoff at.
billy44bo Champion Author Mobile Posts:7,198 Points:1,489,690 Joined:Feb 2008	Message Posted: Dec 23, 2012 11:43:33 AM Ignore billy44bo Report Abuse Ee can will see
moody4u Champion Author Cincinnati Posts:3,847 Points:767,245 Joined:Oct 2008	Message Posted: Dec 23, 2012 11:43:19 AM Ignore moody4u Report Abuse Build the pipeline!
jrschl Champion Author Louisville Posts:2,962 Points:679,790 Joined:Jun 2011	Message Posted: Dec 23, 2012 11:43:04 AM Ignore jrschl Report Abuse I am sure this will take another 4 years to decide.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: Dec 23, 2012 11:39:34 AM Ignore kelly1016 Report Abuse I agree with martenson. We will need tags as a transitional fuel.
CAD69 Champion Author Milwaukee Posts:3,201 Points:845,265 Joined:Nov 2010	Message Posted: Dec 23, 2012 11:38:13 AM Ignore CAD69 Report Abuse We need the XL, shipping oil by train makes no sense. Then we need more CNG cars to use our own gas!
HelenT Champion Author Buffalo Posts:2,949 Points:597,925 Joined:Apr 2004	Message Posted: Dec 23, 2012 11:37:55 AM Ignore HelenT Report Abuse Build the pipeline!
babyjudy Champion Author Tucson Posts:2,726 Points:560,760 Joined:Sep 2011	Message Posted: Dec 23, 2012 11:35:17 AM Ignore babyjudy Report Abuse Build the pipeline.
Double_Golden Champion Author San Francisco Posts:2,560 Points:604,635 Joined:Aug 2011	Message Posted: Dec 23, 2012 11:34:49 AM Ignore Double_Golden Report Abuse keep it more here and export little less... p.s. I am very tired of hearing Keystone XL, either finished the work, or stop it after all...
Sam195 Champion Author San Bernardino Posts:8,085 Points:1,574,100 Joined:Oct 2008	Message Posted: Dec 23, 2012 11:34:33 AM Ignore Sam195 Report Abuse I agree, it's time to build it.
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,955 Joined:Jun 2008	Message Posted: Dec 23, 2012 11:34:19 AM Ignore Catfish93001 Report Abuse Money will win on the issue, environment be damned.
ramshot412 Champion Author Riverside Posts:20,142 Points:2,464,565 Joined:Apr 2004	Message Posted: Dec 23, 2012 11:33:59 AM Ignore ramshot412 Report Abuse Build that pipline so China can get their oil out of Canada.
ManOfLeisureII Champion Author Philadelphia Posts:1,869 Points:453,925 Joined:Jan 2012	Message Posted: Dec 23, 2012 11:33:56 AM Ignore ManOfLeisureII Report Abuse Build the pipeline
MightyDude Champion Author Minnesota Posts:10,345 Points:2,647,770 Joined:Mar 2003	Message Posted: Dec 23, 2012 11:33:32 AM Ignore MightyDude Report Abuse keep politics out, i must be dreaming to think such a thought ;)
Hi1 Champion Author Ontario Posts:4,850 Points:1,723,635 Joined:Jun 2007	Message Posted: Dec 23, 2012 11:33:08 AM Ignore Hi1 Report Abuse I hope they go for the keystone pipe line it would create a lot of job and it would be good for both Canada and the US.
jpk13 Champion Author Wisconsin Posts:8,624 Points:1,593,905 Joined:Sep 2008	Message Posted: Dec 23, 2012 11:32:31 AM Ignore jpk13 Report Abuse We can probably count on Congress and our President to screw it up.
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Dec 23, 2012 11:30:04 AM Ignore southrob Report Abuse and we need to drill quick
kuma2000 Champion Author Honolulu Posts:3,218 Points:673,175 Joined:Jun 2011	Message Posted: Dec 23, 2012 11:29:28 AM Ignore kuma2000 Report Abuse No exports and do the pipelines.