Boosting Natural Gas Exports ....Surge In Prices - News and Current Events | futures io social day trading
futures io futures trading

Boosting Natural Gas Exports ....Surge In Prices
Updated: Views / Replies:762 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Boosting Natural Gas Exports ....Surge In Prices

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Boosting Natural Gas Exports ....Surge In Prices

Everyone's aware of the enormous backlash from environmentalists over the effects of drilling for natural gas. Hydrofracking has been said to cause earthquakes, pollute the water and even warm the earth.

But there's another, more important fight brewing over the future of the country's fastest-growing industry.
A study released Thursday by the Energy Information Administration concludes that allowing natural gas exports to increase could cause domestic prices to surge as much as 54 percent, as early as 2018.

Bloomberg reports that as Congress reviews new export permits, leading members have voiced concern about new approvals.

The U.S. may be “trading away the enormous economic advantage of having large, low-cost domestic natural gas supply,” Sen. Ron Wyden of Oregon told Bloomberg.

Economics 101 says that's not a surprising find — prices must increase eventually. But the study sets the stage for a fight that will determine just how fast they'll rise.

In May, according to Lou Kilzer of the Pittsburgh Tribune-Review, the Department of Energy quietly gave approval for Houston-based Cheniere Energy Inc. to export 2.2 billion cubic feet ofnatural gas per day from its Sabine Pass, La., port terminal — the first time the government granted permission to export American-produced gas overseas from the lower 48 states.

But T. Boone Pickens told Kilzer that allowing exports would cripple consumers and amount to a natural security issue.
If we do it, Pickens said,"we're truly going to go down as the dumbest generation."
"It's bad public policy to export natural gas — a cleaner, cheaper domestic resource — and import more expensive, dirtier OPEC oil," he said.

Were exports limited to 6 billion cubic feet and phased in over six years, prices would only rise up to 14 percent by 2022. Boosting exports to 12 billion cubic feet over four years would drive prices up 36 percent in 2018, the report stated.

The Natural Gas Act states the Department of Energy must grant a permit "unless it finds that such action is not consistent with the public interest."
The EIA study seems to make a strong case that fast-tracking permits would be so.

Read more: EIA: Boosting Natural Gas Exports Will Trigger A Monster Surge In Prices

Reply With Quote


futures io > > > > Boosting Natural Gas Exports ....Surge In Prices

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Natural Gas at 10-Year Low; Warm Weather Hits Demand Quick Summary News and Current Events 0 January 17th, 2012 09:00 PM
Investor Warning: Natural Gas Profits May Prove Elusive Quick Summary News and Current Events 2 October 13th, 2011 05:14 PM
Trading the Flood: Gas Futures Surge on Refinery Concerns Quick Summary News and Current Events 0 May 9th, 2011 07:40 PM
Oil Prices Surge Above $100 As Gaddafi Fights Back in Libya Quick Summary News and Current Events 0 March 2nd, 2011 10:30 AM
Why One Natural-Gas Producer Wants Prices to Keep Falling Quick Summary News and Current Events 0 January 20th, 2011 02:00 PM

All times are GMT -4. The time now is 09:40 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-26 in 0.07 seconds with 19 queries on phoenix via your IP