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Oklahoma and the Impending War on Natural Gas Exports

Filed by KOSU News in State Impact.
January 26, 2013

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Low natural gas prices aren’t good for business in big-energy states like Oklahoma, so producers and politicians are doing what they can to boost consumption.

This means promoting new technologies — like Gov. Mary Fallin’s push for more natural-gas vehicles — and expanding into new markets. The Oklahoman’s Adam Wilmoth sees a fight on the horizon:

One of the more controversial strategies to increase natural gas consumption is the effort to build liquefied natural gas export terminals to send the fuel to Europe and Asia, where it is selling for up to five times as much as here at home.

The natural gas industry says exporting LNG will have a “minimal effect” on U.S. prices. But big natural gas consumers — namely chemical and manufacturing giants — disagree.

Dow has said repeatedly over the past two years that “indiscriminately” exporting natural gas could drive up fuel costs and threaten the industry’s planned expansion and construction projects. Dow last month joined with three other chemical companies, aluminum producer Alcoa Inc., steel producer Nucor Corp. and the American Public Gas Association to create a group called America’s Energy Advantage to challenge exports.

As our partners at StateImpact Texas report, low natural gas prices have been good to industry. Petrochemical plants have been saving on cheap gas and expanding operations.

That means they’re able to make cheaper products, like plastic, and better compete against firms in Europe and Asia “where natural gas is far more expensive,” Dave Fehling reports.

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2 Responses to “Oklahoma and the Impending War on Natural Gas Exports”

  1. ronwagn says:

    Natural gas is the future of energy. It is replacing dirty old coal plants, and dangerous expensive nuclear plants. It will fuel cars, trucks, vans, buses, locomotives, aircraft, ships, tractors, air conditioners, engines of all kinds. It costs far less. It will help keep us out of more useless wars, where we shed our blood and money. It is used to make many products. It lowers CO2 emissions, and pollution. Over 4,400 natural gas story links on my free blog. An annotated and illustrated bibliography of live links, updated daily. The worldwide picture of natural gas. Read in 67 nations. ronwagnersrants . blogspot . com

  2. Squiggy says:

    And five years from now, when we are exporting LNG by the billions of cf, and everyone is paying 5X the current cost for natural gas because there is no longer a surplus, all these fleet trucks that were converted to cng to save money are now driving up the cost of everything because of increased operating costs, and the cost of natural gas to heat your house has gone through the roof. . . . . . . . . . . . . . . . . . . .. . . . . . . .

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