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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)

daWraith

Sep-12-13 5:39 AM

Now what about all of those gas fired power plants that were built because gas was "cheap"???

Natural Gas in Tokyo is 6 times the price of gas in the OV.

Gonna look like a bunch of idiots when your power costs 6 times as much as it did with coal.

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dyingov

Sep-12-13 7:20 AM

I'm not sure what this does to the US energy "independence!" I will give Jimmy Carter one at-a-boy, he was pushing for US energy independence.

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daWraith

Sep-12-13 7:45 AM

Gerald Ford pushed energy independence after the first gas shortage, dying.

Obama has been the ONLY president OPPOSED to energy independence unless it is high priced and non functional GREEN.

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mikeyd

Sep-12-13 8:42 AM

here i thought that the gas was being harvested to help out this country.somebody will be helped out but it won't be us.anybody with a buck.

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TrollSlayer

Sep-12-13 9:22 AM

The US runs a $40 BILLION trade deficit every month. Exporting gas will help REDUCE that deficit. Do you think we should import everything and send ALL our money overseas? Everyone complains about Walmart selling imported Chinese junk? Well, this is an opportunity to send American products back overseas and return some of those dollars to the USA.

Plus, taxes on sales reduce our own Federal deficit. And those are “revenues” ultimately on foreigners and NOT just increased taxes on American citizens.

And much of that gas WILL be used in the USA. We have more than we can use now.

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WVUGEO

Sep-12-13 9:27 AM

daWraith, far below, is absolutely right. Exporting your gas will only cause the prices of it to trend towards the world market price, like they're paying in Tokyo right now. And, if you let any of your Coal-fired power generation capacity to be switched over to gas, which is a lot less abundant than they would have you believe - - they are not explaining the true meanings of the various "reserve" estimates they're providing you - - you will, rather sooner than later, be huddling under blankets in the dark just so you'll have enough money left at the end of the month to drive back and forth to work. You're being set up.

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WVUGEO

Sep-12-13 9:34 AM

And, concerning the statement: "It is good news on many fronts, including the thousands of jobs that will be created"; what "jobs"? If the gas is being exported, what "jobs", aside from a few merchant seamen and dock workers, and a handful of pipeline maintenance folks, will be created, especially after all the wells are drilled and the pipelines are laid? There might be jobs created, but they'll all be in Tokyo and New Delhi. You are being deliberately misled.

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mikeyd

Sep-12-13 9:34 AM

i might agree with this is we promise to quit importing the chinese junk.why should we export the good stuff and keep importing crap?the chinese garbage at this point is being shoved down our throats.we don't want it.the gas we can use or store.it will run out eventually.but then we can always go back to coal which has powered this country for many years.

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mikeyd

Sep-12-13 9:36 AM

if instead of is.

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TrollSlayer

Sep-12-13 10:50 AM

mikeyd “the chinese garbage at this point is being shoved down our throats”

Are they forcing you at gunpoint to buy all that stuff from Walmart? Face it. It’s now a world economy. There is NOTHING you can do about that except learn to compete better. Tariffs will NOT work in the long term; they only invite trade wars and in the long run they hurt US businesses and US employment. We need to make use of our vast resources, including gas AND coal AND oil to supply cheap energy, and to become fully engaged in the world market. And stop paying people to do nothing, and start realizing that unskilled labor is not worth as much as skilled labor. Sorry, but the truth hurts sometimes. Learn to deal with it like an adult, libbies.

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TrollSlayer

Sep-12-13 10:54 AM

WVUGEO “Exporting your gas will only cause the prices of it to trend towards the world market price”

And excessively taxing it, or restricting production of it by spreading disinformation and fearmongering like GEO does here, will also cause the price to go up.

Yet GEO shills for coal, another greenhouse gas-producing, polluting, exported resource. Wonder why GEO has such a bias for coal and against gas? Shill. LOL

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Hefner

Sep-12-13 11:16 AM

If gas is exported to the point of depleting our reserves or causing our consumer use prices to equate to importing countries prices, then the exporters should be shot. While coal, gas, and oil are current necessities, nuclear energy should become our primary electric supply source.

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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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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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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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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 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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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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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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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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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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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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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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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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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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