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Local Gas To Be Sent To Asia

Dominion seeking approval of $3.8B facility in Maryland

April 8, 2013

NATRIUM — Natural gas drawn from the Upper Ohio Valley could be used to heat homes in Tokyo and New Delhi, pending Dominion Resources’ completion of a $3....

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Apr-10-13 7:00 PM

dah seems to have run out of things to say re: the price of energy. Let me sum up by restating what I have tried to get across to him on several other occasions; increased production of energy reserves in the U.S. will not drive down the base price of hydrocarbon fuels on the domestic market. The magic word is: FUNGABLE! The same quantity and quality of gas and oil are priced on the international market. The price charged the end consumer includes this purchase price plus the costs of transportation, refining, marketing, taxes and profit margin.

Energy corporations are not strictly national or charitable organizations. They are in business to make a profit and will sell their product to the highest bidder, unless forced by law to sell locally or the government subsidizes the cost of the product to the public. That simply means that if you do not pay for it at the pump you will pay for at tax time.

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Apr-09-13 7:25 PM

(cont.) The base price of a given resource reflects, in part, the quality as well as the quantity of the resource. Not all oil is equal. Light sweet crude is far more valuable - and expensive - than a thick sludge laced with high sulphur and other toxic/corrosive properties.

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Apr-09-13 6:48 PM

dah, your last comment reflects a marginal grasp of fundamental economics. Are you sure that you operate a small business? If so it must be very small. Perhaps you are its sole customer.

Corporations which develop natural resources, including non-renewable energy, will sell their product to the highest bidder. What happens afterwards to the end price reflects costs of transportation, refining and marketing plus whatever taxes may be levied. If a buyer in Europe or Asia buys a given quantity of gas from a corporation in the U.S. it will pay the base market value of the product. The price it charges to the end users will reflect additional add ons plus a profit margin. That's how businesses operate, at least in the real world.

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Apr-09-13 5:43 PM

Then why is Natural Gas at historic lows in the USA and historic highs in Asia and Europe???


Why is Canadian Oil $40 a barrale LOWER than OPEC???

Dawg your dementia is out of control, get help quick before your brain is complete mush.

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Apr-09-13 5:08 PM

The natural resources in the U.S., including carbon-based energy, are priced on the global market and will be sold to whoever offers the best price. If international demand remains high regardless of U.S. domestic demand the price will also be high. Virtually all major producers of non-renewable energy are international corporations. They have no allegiance to any nation. That's reality.

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Apr-09-13 8:10 AM

why we don't trust our government and you should never trust big business.crooked people are crooked people.most of us here will be glad when this gas is gone.5 years at the most but this area will be ruined by then.our politicians won't boot them out.

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Apr-08-13 10:22 PM

too busy to bother doing their work ?

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Apr-08-13 10:21 PM

man's work is from sun to sun. Woman's work is never done. translate.

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Apr-08-13 10:16 PM

the price can be ten times higher and it will be passed on to wqestern consumers. nothing new here.

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Apr-08-13 10:14 PM

that's right. we will eb energy dependent from the rest of the world. Just won't be none for Americans. Ha ha ha.

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Apr-08-13 7:21 PM

Wienerdawg you friggen idiot, the topic is Gas GAS GAAAAAASSS, as in Natural Gas, as in that smelly stuff coming from your rear when you eat beans! Your "Fungibleass" BS is hilariously WRONG.


Over the past few months, new stories have noted that Canada’s oil sector isn’t getting full price for its heavy oil — in large part because American pipelines are well-supplied with newly-flowing tight oil (“shale oil”) from North Dakota.

The discount on Alberta heavy oil is measured relative to the North American benchmark price, which is for West Texas Intermediate (WTI) crude. And said discount has been growing faster than a pimple before prom reaching a jaw-dropping $40 per barrel this week. [2013-01-31: historically the discount has been about $20 per barrel - Matthew] WTI sells for $96 per barrel, and Alberta heavy sells for … $56.

So much for a "world" Price, IDIOT!

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Apr-08-13 7:11 PM

A kind of artful approach to infiltrating a country and destroying its people. Any locals who are interested in observing this sort of history in the making have an opportunity now. Is it too late?

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Apr-08-13 5:50 PM

This is why the whole "energy independence" propaganda doesn't float!!

If the natural resources of THIS country were only USED by this country, natural gas, and gasoline would be at RECORD low prices and this country would have enough to last HUNDREDS of years!

The very DEFINITION of "energy independence"!!

HOWEVER, in the free market, it is being sold and shipped all over the globe and it's price is set by the highest bidder

We have ZERO manufacturing due to ignorant consumers buy IMPORTED garbage because they are saving a nickel so the energy resources are all we have left we can sell!!!

And I am STILL waiting to see the first wind mill factory the communist in chief promised would be in every closed down steel mill!!


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Apr-08-13 5:14 PM

In terms of price, it really does not matter where the oil is produced. The price of oil is determined on the open world market. Oil companies are virtually all international corporations and will do business where they can obtain the best profit for their product.

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Apr-08-13 4:09 PM

How come these foreign countries are interested in our evil fosil fuel resources and not all of our great "green" energy solutions such as wind and solar?? I guess they actually want to use technology that actually works efficiently and economically. Imagine that...

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Apr-08-13 3:01 PM

And, even "mkhunt", with the post saying, that: "Carol Jean Moten has a YouTube interview describing the death of her father, a WWII Vet and the neighbors and many animals in Rea, PA. The price we are paying is our very lives for greed and corruption to rob us on behalf of enemy interests", might not know how bad it is. Flowback from gas well fracking brings ancient radium, which geologic processes concentrated in the deep shales, which we once assessed as sources of weapons-building uranium, to the surface. Drilling wastes have triggered radiation alarms at some landfills, which were installed to prevent dumping of radioactive medical wastes. Do a search for: "'Radioactivity in Marcellus Shale'; Studies by the U.S. Geological Survey ... show radium concentrations up to 32 times background concentrations in the Marcellus shale formation. Brought to the surface in rock cuttings, drilling fluids, flowback water and brine, radium can enter the environment in seve

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Apr-08-13 2:40 PM

daWraith's first post in this string nailed it. And, all your news outlets did was strew the path of this exploitation with flowers. Hang onto Coal while you can, otherwise some of you will be having to sometimes choose between heat and light or food.

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Apr-08-13 2:04 PM

" OF THE PEOPLE, FOR THE PEOPLE, BY THE PEOPLE" This has been trampled and stepped on by government and big business. No longer do we count. Only to pay taxes.

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Apr-08-13 1:15 PM

the money which was used to finance the fracking disaster came from Chinese banks. The banks are owned by the government there and the government is Communist. That is why the banks belong to the government! Carol Jean Moten has a YouTube interview describing the death of her father, a WWII Vet and the neighbors and many animals in Rea, PA. The price we are paying is our very lives for greed and corruption to rob us on behalf of enemy interests. Gas companies have in affect made treaties with enemy nations which is define as treason by US law. Had enough of the pr and bs. support Sherrod Brown Senator from Ohio as he turns off the flow of phony money with the new Currency Manipulation Act. Stop selling the US out. We have place for white collar criminals in America and that is with the ongoing investigations. Call Eyes on Drilling 1-877-9194 and help clean up with the criminal investigators at EPA.What to report? illegal water pumping, toxic water dumping, spills, leaks.

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Apr-08-13 12:42 PM

Anything to keep America suffering huh? They'll probably sell it back to America at 10x's the price.

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Apr-08-13 12:36 PM


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Apr-08-13 12:36 PM

Wonderliar, NOT ONE DROP of oil produced in America is exported, dumbass.

Keystone XL is CANADIAN OIL and they can do whatever the }{ell they want to with it. Why not America make LOTS of MONEY on it as it passes through????

Not one PENNY of US taxpayer money spent on XL but 20-200,000 potential jobs.

Of course Obama is happy he only LOST 663,000 jobs in March 2013.

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Apr-08-13 12:19 PM

Yep, seem like we always take care of other that dont give a rats *** about us.

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Apr-08-13 11:17 AM

Only an idiot would have thought that the taking of our natural resources would actually have been a benefit to Americans. Jobs! Jobs! Jobs! Its all about the jobs! In the meantime they destroy our roads, water, air and prices for everything including food, fuel and taxes. It's a disaster! Look at all the trash alongside of the roads, look at damage caused by the trucks. Oh yeah, they signed agreements to fix roads when they are done and they leave the area... problem is, they will never leave completely, therefore, they will never live up to their agreements. Just like the steel companies they will file bankruptcy and leave it to the taxpayers to do the clean up! you people who sold out should be ashamed of yourselves!!!!!

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Apr-08-13 9:30 AM

As I read some of these post I am convinced that this newspaper's largest circulation must be in homes for the mentally incapacitated. I thought that perhaps the patients hadn't received their meds prior to scanning the morning paper,but reading the post late in the day show no improvement, so the meds aren't being taken, or are ineffective.

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