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Cleared for Export

Gas from local operations will be transported to Asia

September 12, 2013

NATRIUM — A Wednesday ruling should allow natural gas drawn from the Upper Ohio Valley to be burned in Tokyo and New Delhi, but not everyone is excited about the $3....

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(37)

icecream

Sep-15-13 3:12 AM

WWUthinking Sep-12-13 11:47 AM "The Gas Companies should have to have United States service wide distribution before allowing to Export."

This would be nice, but naive to think that Global O & G companies should sell to the US at a lower price than what they can get on the Global Market...

Who wouldn't want that?? Except for the profit making O & G companies.. They need the highest profit to please their stockholders...

We all are just a pawn in the big money Global corporations... They have Offices & Markets in every corner of our world...

Yes, I know they must exist, but at what price???

To reduce us all to the Dark Middle Ages, Serfs, serving their Kingdom???

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icecream

Sep-14-13 8:50 PM

Troll; I agree with most all you said--except, what I've copied from you!

" if you could convince Obama those greedy coal companies and corn farmers should sell you their products at half price, too. And considering Obama is a redistributionist, too," Global Market!

Your words, but WHY does Obama need to be blamed for the Global Market??? And you call him a redistributionist, when it is now and for decades a Global Market!!!

It's been a Global Market since the 80s...

Obama was a child when Globalization of trade began!

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mikeyd

Sep-13-13 11:04 AM

troll,if all that you find is chinese junk then is it not being shoved down our throats?it used to be that the japanese stuff was junk and latter became some of the best stuff you can buy.the chinese stuff hasn't got any better.the made in china label isn't a good one.

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CTMountaineer

Sep-12-13 9:45 PM

Once again, Brooklyn big money interests win and the American middle class loses. Since they also control the Government we can expect nothing else.

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TrollSlayer

Sep-12-13 8:37 PM

Open ANWR and the rest of the Gulf Coast, build the keystone pipeline, stop draconian restrictions on coal, gas, and oil, and we COULD have energy independence. And the wealth that economic activity would generate would make US the highest bidder.

Or just keep electing Progressive politicians and buying our energy from OPEC and they can keep spending your money on palaces and weapons.

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atoddh

Sep-12-13 8:36 PM

dying: Yes 28% on the lease and 28 less depletion on royalties (as the asset is declining in value.)This is the same with oil. There is also property tax on the minerals. I understand this may be in the $25/acre/year range in Ohio County. The value of the property is tied to the lease. Previously the was no gas/oil property tax in Ohio County as there was not though to be any to tax. The property taxes will be a huge windfall for the County. The County will also benefit from their vast gas portfolio. If they are wise, they will create a venture/seed fund for light manufacturing starts to create good value added jobs.

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TrollSlayer

Sep-12-13 8:32 PM

It's not a matter of skills. When the Progressive US Government is paying you more in welfare, food stamps, housing subsidies, tax credits, disability payments, unemployment compensation, Medicaid, WIC, free cell phones, free school lunches, ... than you can earn from honest labor, why labor? Sit home, watch Honey Boo Boo, and eat Hot Pockets all day. Work is for suckers and conservatives.

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UNCOMMONSENSE

Sep-12-13 8:29 PM

Still believe the ole "energy independence" lie???

Just like oil, it's ALL about selling to the highest bidder

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daWraith

Sep-12-13 7:56 PM

Nicetry don't blame Belgians for being smarter than WV hillbillies.

If yokels had the skills they could buy WV hardwood, turn them into furniture, and sell them for MORE profit than the Belgians because their shipping costs for wood and finished goods are both vastly less.

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dyingov

Sep-12-13 5:00 PM

I agree with troll, as well. I just thought I would answer his question!

Atoddh, 28% tax on gas/oil?

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atoddh

Sep-12-13 4:48 PM

Troll is absolutely correct. This is a wonderful opportunity for an American & OV product export. BTW: tax on mineral income is 28% less depletion(depreciation)

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caltransplant

Sep-12-13 4:40 PM

It's the end of the world! I agree with troll. Run for your lives. It's an unholy union of thought.

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dyingov

Sep-12-13 3:19 PM

Troll, Not confused by deductions/subsidies! Corn for ethanol and wind farms for electric are receiving subsidies! 85 billion in QE for banks and wall streeters is not likely a deduction!

BTW, wind farm subsidies in 2007 were 476 million and in 2010 they were 5 billion!

"Direct farm subsidies in the US total about $10bn annually. This does not include price supports or other aid like crop insurance which the Congressional Budget Office estimates will cost nearly $10bn per year over the next decade."

And the farms that receive the most goberment Money....Corporate Farms!

See those of us in the "middle class" get to support the corporations and poo peeps!

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nicetry

Sep-12-13 1:56 PM

They are going to sell it to these countries who will turn around and sell it back. Just like the coal sold to the overseas companies comes back to use. WV hardwoods being sold to Belgin company and turned into furniture. It will come back at double the price.

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TrollSlayer

Sep-12-13 1:48 PM

dyingov, you’re not one of those who are confused about the difference between a deduction and a subsidy, are you? A deduction is subtracting business costs from income to determine taxable profit, which is how ALL companies determine taxable income, whether you’re producing oil and gas or windmills and solar cells. Disinformation-spreading leftists call deductions taken by oil and gas companies “subsidies” so they can claim oil and gas companies take the same subsidies solar and wind companies take, which are Government handouts of taxpayer dollars and NOT the same as deductions.

Control the language and you control the debate. Typical Progressive tactic.

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dyingov

Sep-12-13 1:20 PM

When you buy the gas for your home use, another tax.....

Troll the redistributionists will NEVER have enough of our money! Wind Farm Owners and Farmers are far from poverty and they be gettin' some of that redistribution, as well! I know you like to think that the "free-loaders" are the only ones getting hand-outs! Wall-Street, ANYONE..........

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Hefner

Sep-12-13 12:35 PM

trollslayer: God bless you I agree. Please note in my last post the word "should."

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TrollSlayer

Sep-12-13 12:30 PM

Hefner, depleted? There's a GLUT in gas now. We have more than we can sell. And we're in a recession with a serious trade deficit problem now. America should be able to compete fairly on the world market, to provide REAL stimulus to the economy and to reduce our debt to foreign countries. Being the patriot you are, don't you agree?

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TrollSlayer

Sep-12-13 12:27 PM

Mineral rights owners ALREADY pay 35% Federal income tax on their income from gas royalties. PLUS State income tax. And the gas companies ALREADY pay an effective tax rate of over 40%. Isn’t 40% enough for you greedy parasitic redistributionists? Apparently not.

taxfoundation.o rg/blog/oil-industrys-tax-burden-and-another-attempt-increase-it

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Hefner

Sep-12-13 12:21 PM

trollslayer: Should the exporting of a commodity, essential to the well being of our nation,leave the U.S. market seriously depleted, then the government should intercede and stop the exporting. Only excesses to our national needs, and defense should be exported. I'm certainly a free trade proponent but never when the trade compromises our national interest. I don't think I can make my position any clearer, and being the patriot you are, don' you agree?

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wvhoopie2

Sep-12-13 12:04 PM

Better idea increase the well head tax to 5% and let Asia pay the tax and the oil companies can get some of it back for every dollar in payroll paid in WV.

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TrollSlayer

Sep-12-13 11:53 AM

Hefner, so allowing US companies to export and sell commodities on the world market, at world market prices, is detrimental to the USA? Seriously?

You'd better go after the coal companies and the corn farmers, then. Because you could get corn-based products a lot cheaper, and coal-fired electrical power a lot cheaper, if you could convince Obama those greedy coal companies and corn farmers should sell you their products at half price, too. And considering Obama is a redistributionist, too, I doubt it would take much convincing.

By the way, how much gas do you think the gas industry will be selling to you if they can get twice the profit selling it overseas?

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wvhoopie2

Sep-12-13 11:45 AM

Great idea put a 1% increase on the well head tax to pay for the roads and landscape damage that the gas companies are causing to the State. We export to Asia for Asia so why not have a tax to pay for the cost of roads instead of passing the cost on to WV citizens. We should be eliminating the personal property tax on vehicles instead of increasing the tax.

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Hefner

Sep-12-13 11:41 AM

trollslayer: When any product is exported to the determinant of the U.S., the exporter or manufacturer should be held criminally liable. Okay, being shot was extreme. My motto, "America First."

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TrollSlayer

Sep-12-13 11:36 AM

Hefner “the exporters should be shot”

So you’re not a supporter of the free market, then? How about exporters of every other commodity? They sell at the world market price. You’ll probably need to buy more bullets.

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